Results preview: 2W, PV auto firms to see muted sequential growth in Q3

Industry witnessed volume decline in the quarter owing to weak demand after the festive season, says one note

Two-wheeler (2W) and passenger vehicle (PV) manufacturers are expected to see muted sequential growth in earnings during the third quarter (Q3) of Financial Year 2022-23 due to the usual post-festive slump amid companies' efforts to empty their old stock.

Meanwhile, the commercial vehicle (CV) and tractor maker Ashok Leyland is expected to post sizable profits in Q3 amid stable demand and lower commodity costs.

On an aggregate level, the net profit of listed auto firms will increase from Rs 6,665 crore in Q2 to about Rs 7,395 crore in Q3, posting an 11 per cent quarter-on-quarter growth, according