Volume growth in Q3 was tepid, hence revenue growth is likely to be in low single digits. Volume in Q3 was up 2.5 percent at 16.90 lakh versus 16.48 lakh units (YoY). Tepid volume run rate is expected in key models like Passion and Splendor which have high rural exposure as rural slowdown concerns continue.
first published: Feb 10, 2016 04:15 pm
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