TVS Motor will be in focus ahead of its second-quarter earnings release today. The auto companies will be reporting their numbers after witnessing the worst quarter in a decade for the auto sector. The demand and sentiment has been bad.
TVS Motor has been down 33 percent in 2019. The analysts are expecting revenues to fall by 14 percent to Rs 4,300 crore. The EBITDA could fall by 21 percent. Volumes have been very disappointing for the company. The Q2 volumes were likely down 19 percent year-on-year (YoY) and 4 percent quarter-on-quarter (QoQ) coming in at 8.85 lakh units.
Across the spectrum, motorcycle volumes were down 19 percent, scooter volumes were down 14 percent. The moped segment saw the biggest hit, it was down in excess of 30 percent. However, the realisations are expected to improve a tad bit this quarter around because of the price hikes and a better product mix that was seen. The price hikes were undertaken to the effect of around 3-5 percent and that will help the realisations pick up.