Wholesale growth is expected to continue for tractors, passenger vehicles and two-wheelers said equity research firm Emkay.
As per its sectoral update, channel checks indicate better retail sales for tractors and PVs, while it remains subdued for 2Ws on a YoY basis.
“Tractor industry wholesales should grow strongly at more than 25 per cent on better retails and channel filling.”
“Volume growth is expected to be positive across regions.”
According to the update, PV industry volumes are likely to remain in the positive territory, with industry growth at over 15 per cent.
