india twowheelers dec2011

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  • 8/19/2019 India TwoWheelers Dec2011

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    India Automobiles – Two Wheelers

    Strictly Private & Confidential

    Dec 2011

    Allegro Capital Advisors Pvt Ltd

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    Two Wheelers – An Introduction

    2Strictly Private & Confidential 

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    Two Wheelers – An Overview (1)

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    Two Wheelers – An Overview (2)

  • 8/19/2019 India TwoWheelers Dec2011

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    Two Wheelers – Industry Analysis

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    Buyer Power – Moderate (1)

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  • 8/19/2019 India TwoWheelers Dec2011

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    Buyer Power – Moderate (2)

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    7Strictly Private & Confidential 

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  • 8/19/2019 India TwoWheelers Dec2011

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    Supplier Power – Value Chain (1)

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    Supplier Power – Weak (2)

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    Degree of Rivalry – Moderate-Strong

     

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    Threat of New Entrants – Moderate-Weak

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  • 8/19/2019 India TwoWheelers Dec2011

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    Threat of Substitutes – Weak

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  • 8/19/2019 India TwoWheelers Dec2011

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    Export Business – Overview of Major Markets (1)

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  • 8/19/2019 India TwoWheelers Dec2011

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    Investment Thesis – Domestic Business

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    Investment Thesis – Export Business

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    16Strictly Private & Confidential 

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    Investment Thesis – Summary of Key Points

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  • 8/19/2019 India TwoWheelers Dec2011

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    Companies – Recommendation Summary

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    19Strictly Private & Confidential 

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    Bajaj Auto

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  • 8/19/2019 India TwoWheelers Dec2011

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    Hero MotoCorp

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    TVS Motors

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    Companies - Summary

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    26Strictly Private & Confidential 

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    A endix

    27Strictly Private & Confidential 

  • 8/19/2019 India TwoWheelers Dec2011

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    Hero Honda JV Split – Analysis

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    28Strictly Private & Confidential 

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    Price / Earnings Charts

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    Premium vs. Market Leader & EV / EBITDA

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    30Strictly Private & Confidential 

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