April 10, 2019 / 4:04 AM / 3 months ago

BUZZ-India autos: Jefferies sees weak Q4

** Jefferies previews a weak Q4 for Indian automakers after weak volume growth trends in most of the sector during the quarter

** Higher discounts will hurt margins and profits, analyst Arya Sen says

** Sen expects more estimate cuts post Q4 earnings across Indian original equipment makers (OEMs), despite there being material cuts to earnings estimates so far already

** Investor focus will likely be on retail trends, dealer inventory levels - Jefferies

** Sen prefers Maruti Suzuki India Ltd among the names in the sector

** The Nifty Auto Index falls 0.61 pct in early trading on Wednesday (Derek.francis@tr.com)

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