Indian Automobile Sector
# Original Equipment Manufacturers (OEMs) expect growth in
FY10 but see recovery starting from Q3FY10e
# Credit availability remains elusive; rural income has been
strong and OEMs are increasingly targeting this segment
# Retain negative stance on sector. Hero Honda remains our
key OW and Maruti Suzuki our key UW (V)
To see full report: HSBC
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