India Autos: July volume preview

研报英文原文证据摘录

India Autos: July volume preview

Nomura | India Autos: July volume preview 28 July 2026

This document has been approved for distribution in the UK as investment research by NIplc. NIplc is authorised by the Prudential Regulation

Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. NIplc is a member of the London Stock

Exchange. This document does not constitute a personal recommendation within the meaning of applicable regulations in the UK, or take into

account the particular investment objectives, financial situations, or needs of individual investors. This document is intended only for investors who

are 'eligible counterparties' or 'professional clients' for the purposes of applicable regulations in the UK, and may not, therefore, be redistributed to

persons who are 'retail clients' for such purposes.

This document has been approved for distribution in the European Economic Area as investment research by Nomura Financial Products Europe

GmbH (“NFPE”). NFPE is a company organized as a limited liability company under German law registered in the Commercial Register of the Court

of Frankfurt/Main under HRB 110223. NFPE is authorized and regulated by the German Federal Financial Supervisory Authority (BaFin).

This document has been approved by NIHK, which is regulated by the Hong Kong Securities and Futures Commission, for distribution in Hong Kong

by NIHK. This document is intended only for investors who are 'professional investors' for the purposes of applicable regulations in Hong Kong and

may not, therefore, be redistributed to persons who are not 'professional investors' for such purposes.

This document has been approved for distribution in Australia by NAL, which is authorized and regulated in Australia by the ASIC.