SMC Global Securities’ take on Maruti and Bajaj Auto Q1 results
  • WebDesk BTVI
  • Jul 26 2019

Ankit Merchant of SMC Global Securities talks about the earnings expectations from two big auto players – Maruti and Bajaj Auto. On Maruti, he says the quarter looks weak and adds that the street will keep an eye on EBIDTA margin as year on year the margin is declining about 325 bps. On Bajaj Auto, he says the automaker is ahead of the industry and adds that margins are likely to be impacted by a lower mix of commercial vehicles.