Assured Gains For MAN, But Challenges Remain

German truckmaker MAN's outperformance and continued domination in the Brazilian heavy commercial division (ie vehicles weighing more than 5 tonnes) bodes well for the company's overall optimism towards the Latin American market and its broader strategy for sustained and profitable growth globally. While we remain positive about significant gains from the Brazilian market in future, we caution of growing competition in the country's new truck market, specifically from its closest rivals Volvo and Mercedes-Benz.

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