DOMESTIC 3-W SPACE CONTINUES POSITIVE MOMENTUM, TRACTOR SPACE REPORTS DOUBLE DIGIT YOY DE-GROWTH
News: In the 3-W space, market leader Bajaj Auto volume growth of 27.6% MoM. M&M reported 8.6% sequential increase in sales volume at 4,351 units while Atul Auto posted 4.5% MoM growth at 1,900 units. TVS posted flat MoM at 14,981 units. M&M's tractor sales de-grew 14.4% YoY to 23,307 units, with Escorts decline was placed at 18.3% YoY at 5,360 units.
Views: 3-W segment volumes are yet to recover meaningfully and signal a consistent uptrend. Tractor space, in contrary continued to witness double digit YoY decline amid muted farm sentiments and high channel inventory.
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