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Indus Motor (INDU): FY24 Corporate Briefing Key Takeaways – By Topline Research

  • By: Topline Securities (Private) Limited

  • - Published: Wednesday, 11 September 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Indus Motor Company (INDU) conducted its FY24 analyst briefing today, where management discussed financial performance and future outlook.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">With interest rates expected to remain under control, auto financing has become a favorable factor. Auto Financing contribution to sales has decreased from 30% to around 13-14%. The declining interest rates and improved auto financing conditions are likely to positively impact the overall auto market, as per the management.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">INDU management is expecting a fall in interest rates and inflation and thus expected increase i...

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