Tractor Space reports healthy YoY growth, Domestic 3-W space witnessed muted prints
In the 3-W space, market leader Bajaj Auto posted 16.7% MoM de-growth at 44,432 units, while Atul Auto posted 4.2% MoM de-growth at 2,253 units. TVS posted a 13.9% MoM decline at 13,481 units. In the tractor segment, Escorts reported a growth of 11.9% YoY at 7,960 units; M&M posted 10.3% YoY growth at 30,528 units.
Recovery path paused for the domestic 3-W space with all players reporting MoM volume decline, with M&M being the only exception reporting marginal growth largely driven by its electric offerings in this space. In the Tractor space, growth came in healthy with both the players in the listed space reporting healthy volume prints in a seasonally weak month.