NOMURA ON AUTOS Volumes Below Our Estimate For Ashok Leyland, TVS & Tata Motors M&M’s Tractor Volumes Covered Up For Weaker SUV Sales Bajaj Auto’s & Maruti’s Wholesales Ahead Partly Driven By Higher Exports Small Cars Unlikely To See Significant Revival & SUVs Will Continue To Gain live NOMURA ON AUTOS Volumes Below Our Estimate For Ashok Leyland, TVS & Tata Motors M&M’s Tractor Volumes Covered Up For Weaker SUV Sales Bajaj Auto’s & Maruti’s Wholesales Ahead Partly Driven By Higher Exports Small Cars Unlikely To See Significant Revival & SUVs Will Continue To Gain live