'
Sharda Motor
Industries hosted
a conference call on Nov 14, 2024. In the conference call, the company was
represented by: Mr. Aashim Relan, Chief Executive Officer and Mr. Puru
Aggarwal, President and Group CFO.
Key takeaways of the call
In Q2 FY25, Indian Auto sector witnessed
9% YoY volume growth driven by two and three wheelers.
Management stated that outlook for H2
FY25 remains positive. With favorable agriculture sentiment, demand for 2Ws
will rise in rural areas. CV demand will rise driven by increased spending by
the government. Tractor segment will show robust growth driven by favorable
monsoon.
The company secured an export contract
with a US client, with a business value of 7 million dollars annually. The
company expects 40 million dollars of business over the lifetime. This order
relates to commercial vehicle. SOP is expected in January 2025.<...
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