Auto OEMs to report volume numbers, expect positive prints
News: Auto OEMs are expected to release wholesale dispatches for May 2022 today.
Views: Wholesale for the month is expected on be on a positive side with higher single digit MoM growth expected in the CV & PV space amid cyclical upswing and strong order book guided by OEMs. Further, with the recent concluded marriage season 2-W space is expected to benefit from the same and is expected to grow at low single digit on MoM basis. The 3-W space is seen benefiting from reopening of schools & colleges with expectations of double digit MoM growth. Tractors space, on the other hand, is expected to post steady numbers amid higher crop realisation (especially wheat).
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