Auto OEMs to report wholesale volume prints for August 2022
News: Auto OEMs will be releasing wholesale volume prints for August 2022. The general expectation is mid-single digit MoM growth across 2-W & PV space and muted volume prints for the CV & tractors domain (seasonality impact).
View: We expect 2-W and PV space to report single digit month on month volume growth. While CV space and tractors could witness a month on month decline due to seasonality. 2-W space could witness better volumes on account of channel filing before the festive season. The 4-W space could witness better volumes on account of robust demand prospects supported by interesting new launches especially in the SUV space. Within OEMs, we expect healthy volumes for Maruti & M&M front tracking healthy demand of new launches.