Economy & Policy◆ Mixed
Two-wheeler stocks: Can the onset of festive demand offset weak monsoon?
Indian markets moved higher.
· Business Standard Mkts
The monsoon shortfall raises concerns over farm incomes, and price increases by manufacturers add to the cost of vehicle…
The analysis
This is a Monsoon / rural demand event. Rural demand is a large share of staples and two-wheeler volumes, and it tracks the monsoon and support prices with a lag of a quarter or two.