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Nomura: Domestic PV volumes up 30%, 2Ws up 14% in Q2 FY27; expects Ather, TVS and Eicher to beat estimates
Nomura said domestic passenger vehicle volumes grew 30 per cent YoY and two-wheelers 14 per cent in Q2FY27, with EV penetration above 7 per cent in PVs and above 11 per cent in 2Ws. It expects Ather, TVS and Eicher to beat estimates.
- Domestic PV volume growth YoY, Q2 FY2730 per cent
- Domestic 2W volume growth YoY, Q2 FY2714 per cent
Reported figures
From the report. Source details below
| M&M Auto EBIT growth YoY (Nomura estimate): | 32 per cent |
|---|---|
| Nomura target price, Ather Energy: | Rs 1,926 |
| Nomura target price, Hyundai Motor India: | Rs 2,498 |
| Nomura target price, M&M: | Rs 4,875 |