Investec Investec India

Yadvinder Singh Guleria, Honda India speaks on demand in a post COVID-19 world

--:--
Aditya Jhawar, Auto Analyst, Investec India had hosted Mr. Yadvinder Singh Guleria, Director - Sales & Marketing, Honda Motorcycle & Scooter India (HMSI) as part of our Investec Auto Expert series. While the increase in Covid-19 intensity recently has resulted in a slight dip in enquiries, rapid vaccination, continued economic activities and a night-only lockdown could help insulate demand to some extent. Recent uptick in scooters volumes is a reflection of recovery of urban demand. With the encouraging response to H’Ness 350 (sold ~14K units and order backlog of ~1.5 months with a mere 40 touch points since launch in Oct’20), management plans to expand distribution to 100 by FY22 as well as expand capacity. While OEMs have increased prices to offset commodity inflation, considering the demand is still improving, ASP increase could lag uptick in RM prices, as per Honda management. Thus, OEM margins could be under check.
10 Jul 2021 English South Africa Business · Investing

Other recent episodes

Investec India - UK Economic Crisis and its impact on India with Mr Philip Shaw,

Last week saw continued turmoil in financial markets, culminating in the Bank of England acting with an (up to) £65bn emergency intervention, in an attempt to calm domestic markets and restore financial stability. This was in response to the reaction in longer-dated gilt markets – particularly at the 30-year maturity…
6 Oct 2022 52 min

Investec India Auto Series Expert Speak with Andrew Schultz, SA Strategiest

We hosted Andrew Schultz from our South Africa office yesterday for an on the ground perspective on the Nigerian economy. Andrew expects the near term to remain volatile (dollar crunch, inflation spike) until the general elections (to be held in Feb’23). This shouldn’t hurt demand though, as revenues of FMCG…
2 Oct 2022 54 min
All episodes