Post-festive season inventory corrections, however, led to a 14-16% month-on-month volume decline for major players such as Bajaj Auto, Hero MotoCorp, and TVS Motor Co. But Eicher Motors' Royal Enfield witnessed a comparatively modest fall of 5%. The trend towards premiumization may have worked in favour of the company and that could explain the 8% rise in Eicher Motors' stock on Monday.
Currently, shares of the two-wheeler manufacturers are hovering near their 52-week highs, but the moot question remains whether this demand recovery is sustainable.
Hero Moto's domestic volume in November, at 476,286 units, was still nearly 6% lower than pre-covid levels, indicating the need for a stronger rural market recovery, as it mainly operates in the mass segment. Bajaj Auto's positive post-festive season demand commentary offers some relief.
Bu hikaye Mint Mumbai dergisinin December 06, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin December 06, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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