Toyota, Tata Motors May See Growth: Asia Earnings Week Ahead
Rachel, yet really that focus on on automakers in particular and you’re watching the names not only in Japan but also in India. What are we expecting? Yeah, so maybe we can talk about India first. Yeah. So basically for India, we are seeing Tata Motors reporting this week and their quarterly net income could grow by a third. And also their EBITDA may see some improvements with consistent performance in the Jaguar Land Rover segment. But our investors may be looking out for more of its plans to split the passenger and commercial vehicles into two separate entities. Which is aimed to boost the value of their electric vehicles and also the jail segment as well. And then Hero MotoCorp, another automobile company, will also see double digit revenue growth for the second year in the row thanks to higher volume and average selling prices. We’ve seen Japanese car makers seeing higher North American sales. Do we see that pass through to companies like Toyota, Nissan, Honda? Is there an outperformer there? Yes. Yeah, we’re seeing many consumers in the North America region looking out for cheaper automobiles, which comes especially after pandemic driven cost and higher interest rates have driven up, sorry, pandemic driven shortages and higher interest rates have driven up costs of recently as well. So we are seeing Toyota and Honda motor notching big U.S. sales gains to start off the year. And then in terms of earnings wise, Nissan could also see higher retail sales in North America as well. So Toyota could see annual operating profit be the highest since at least 2013, which is also led by recovery not just in North America but also in Europe as well.