Indian Auto OEM Industry's Gross Margin At Decade High: CLSA

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Aided by weak commodity prices and some recovery in pricing power, the Indian auto OEM industry posted a decade-high gross margin, notes CLSA. However, Abhijeet Naik and Nitij Mangal of CLSA in their August 27, 2015 research report on “Indian Autos” point out that in two-wheelers, Ebitda margins are still below their previous peaks. Indian auto OEM’s gross margins will rise higher Naik and Mangal point out that in 1QFY16, the Indian auto industry’s gross margin at 30% was at the highest level in the last 10 years. The analysts reckon the improvement has been primarily driven by two factors,…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports