Auto companies to release volume numbers today
News: Auto OEMs are expected to release wholesale volumes for June 2022 today and are expected to report a decent show with mid-single digit MoM growth across most of the categories.
Views: Wholesale for the month is expected to be healthy for CV & PV space amid cyclical upswing and strong order book at key OEMs, respectively. Further, with recent ban on wheat exports tractors demand would be key monitorable as their sales were healthy during start of fiscal year. On the 2W front, performance at Bajaj Auto would be key monitorable post its subdued performance in the first two months on account of chip supply issues.