Nomura lowers PV growth forecast for Q3FY25, upgrades 2W outlook on rural demand revival
Nomura cut India's FY25 passenger vehicle growth estimate to 1% YoY, down from 4%, due to weak demand. In contrast, the two-wheeler industry's growth outlook was raised to 12% YoY, supported by rural recovery and new model launches, including electric variants.
DNA News Desk
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Nomura cut India's FY25 passenger vehicle growth estimate to 1% YoY, down from 4%, due to weak demand. In contrast, the two-wheeler industry's growth outlook was raised to 12% YoY, supported by rural recovery and new model launches, including electric variants.
