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Operating profit margin is seen declining at 11% versus 13.3% year-on-year. Key factors to watch out for: * Seasonally, this is a strong quarter for MHCV’s due to pre-budget buying so cannot compare QoQ. * Expect robust volume growth of 20% ...
May 14, 2012 at 08:38 | Source: MoneyControl.com
Analysts gave a mixed reaction to the results. "In lieu of budget-related duty hikes, the MHCV space was forced to take a 4% price hike in early April (versus 5% price hike taken gradually over FY2012). This, in our view, will dampen operator ...
May 15, 2012 at 09:27 | Source: MoneyControl.com
Expected measures from the government to boost economic growth will help MHCV volumes pick-up in the second half of the year. Bosch has already led the way in introducing common-rail technology for low-priced vehicles (three-wheelers and small four ...
May 19, 2012 at 14:52 | Source: Hindu Business Line