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Industry Updates

4W autos hit speed bump in Jan: Results for 1M24 fall short of estimates

 4W autos hit speed bump in Jan
Analyst: Alditya Galih Ramadhan

Results for 1M24 fall short of estimates
• Four-wheel vehicles (4W)’s results were pummeled, while 2W keeps its wheels on
• BEV boom: Threat to swift erosion of ASII’s market share?
• Awaiting fiscal incentive perks for HEV
• Outlook: NEUTRAL rating on industry, and BUY calls on ASII and AUTO
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