Anyone still tracking this? Out of favour for a long time now, but given the strong sales being reported by the luxury auto brands in India these days, their engine division must be doing quite well. I imagine the profitability there is also better, though it’s hard to know for sure. Given they don’t report contribution from different segments separately, the only numbers we get are the production and sales data for their Commercial vehicles and Utility vehicles. They have also been working with a couple of consulting firms on cost optimization – maybe that will show up in better numbers?
Just going by volume action, it looks like some modest accumulation is happening.
Thoughts?
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