Most management teams highlighted a moderation in domestic demand, particularly in commercial vehicles and passenger vehicles, with volume guidance revised downward for high-growth two-wheelers, according to the brokerage. Auto ancillary firms with overseas exposure also saw weak demand. While raw material costs remain stable, benefits from commodity softening are being offset by rising operational costs.
Vedanta seeks $450 million to repay top-performing junk bonds
Vedanta’s notes maturing in April 2026 were among the top performers in India’s high-yield sector last year, delivering an 80% return as Agarwal worked to
January 10, 2025