The average downcycle period for MHCVs in the past five cycles is around three years with average volume drop of 17 per cent during the period.
The stock has risen 10 per cent in the past one month, mainly due to the recent tax cuts.
The jury is out on whether carmakers should cut prices further to lure back buyers.
NBFCs, which in a normal year disburse Rs 25,000 crore to Rs 30,000 crore, used relatively easy CIBIL criteria to lend. Now, their customers are struggling to get alternative sources of funding.
Bajaj Finance, Britannia, HDFC Bank, Bajaj Auto, Kotak Mahindra, Eicher may benefit most.
In the current situation, wholesale volumes have shrunk due to inventory correction at the dealer end.
Analysts don’t expect the bear hug to last long in India, despite the ‘Death Cross.’
The application of off-highway tyres is in the agricultural and mining sectors.
Lowest & highest underperformance of Nifty IT against Nifty50 was 9.9% and 29.5%, respectively.
This time around the downward trend in Motown may be protracted due to several factors affecting demand.
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