Second, two-wheeler sales will continue to be strong around 12%, 13%, 14% depending on the company. Bajaj and TVS Motors I think still will continue to be strong. On the other hand passenger vehicles, some amount of inventories are building up clearly and so whether the dealer profitability will go down, does not really affect OEMs. So, I think Maruti will tread water. Commercial vehicle sales on the other hand have not picked up.
From India’s growth to market cycles: Key takeaways from Howard Marks’ diary
Billionaire investor Howard Marks, in his interaction during his Mumbai visit, described the current market cycle as unusual, making it difficult to pinpoint its exact
March 10, 2025