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Auto sales numbers - October 2011
Maruti Suzuki (MSIL)
MSIL posted an extremely poor set of volume numbers for October 2011 as
production during the month was impacted by the strike at Gurgaon and Manesar
plants. The strike at both the plants resulted in a production loss of 40,000 units as
a result of which total volumes declined by 53.2% yoy (35% mom) to 55,595 units.
While domestic volumes were down by 52.2% yoy (34.7% mom), exports volumes
fell by 63.6% yoy (38.7% mom). Sales volume in the mini, compact and super
compact segments registered a 54.9% (33% mom), 56.1% (44.9% mom) and
48.1% yoy (46.9% mom) decline, respectively.
Mahindra & Mahindra (MM)
M&M reported strong 24.8% yoy (6.6% mom) growth in total volumes to 73,344
units, supported by robust 31.1% yoy (29% mom) and 20.3% yoy (down 6% mom)
growth in tractor and automotive sales, respectively. In the tractors space, domestic
and exports sales recorded impressive growth of 30.5% (29.8% mom) and 46.1%
yoy (13.2% mom), respectively. Within the automotive segment, the four-wheeler
pick-up segment continued its strong growth traction and witnessed 41.2% yoy
(down 2.4% mom) growth. LCV and M&HCV sales grew by 42.4% yoy (20.1%
mom), whereas Verito continued its strong run during the month. Automotive
exports, however, posted modest 7.5% yoy (down 28.2% mom) growth.
Tata Motors (TTMT)
TTMT registered a modest 5% yoy (down 13.7% mom) increase in total sales to
68,009 units as the commercial vehicle (CV) and passenger vehicle segments
reported a subdued performance. The CV segment grew by 6.3% yoy (down
substantially by 18.4% mom) as light commercial vehicle (LCV) sales witnessed
slowdown in growth during the month. M&HCV volumes, on the other hand, grew
by strong 14.6% yoy (down 8.6% mom). The PV segment registered marginal 2.9%
yoy growth, led largely by growth in Nano (up 26.2% yoy) and
Sumo/Safari/Aria/Venture (23.2%) volumes. Indigo sales, however, continued the
disappointing run, declining by 24.4% yoy.
Hero MotoCorp (HMCL)
HMCL reported lower-than-expected volume growth of 1.3% yoy to 512,238 units.
Sequentially, though total volumes declined by 6.8%. HMCL recorded over
650,000 units of retail sales in October 2011, thus registering strong double-digit
yoy growth. During the festival season, the company launched Impulse at an
attractive price of `66,800 (ex-showroom Delhi).
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Auto sales numbers - October 2011
Maruti Suzuki (MSIL)
MSIL posted an extremely poor set of volume numbers for October 2011 as
production during the month was impacted by the strike at Gurgaon and Manesar
plants. The strike at both the plants resulted in a production loss of 40,000 units as
a result of which total volumes declined by 53.2% yoy (35% mom) to 55,595 units.
While domestic volumes were down by 52.2% yoy (34.7% mom), exports volumes
fell by 63.6% yoy (38.7% mom). Sales volume in the mini, compact and super
compact segments registered a 54.9% (33% mom), 56.1% (44.9% mom) and
48.1% yoy (46.9% mom) decline, respectively.
Mahindra & Mahindra (MM)
M&M reported strong 24.8% yoy (6.6% mom) growth in total volumes to 73,344
units, supported by robust 31.1% yoy (29% mom) and 20.3% yoy (down 6% mom)
growth in tractor and automotive sales, respectively. In the tractors space, domestic
and exports sales recorded impressive growth of 30.5% (29.8% mom) and 46.1%
yoy (13.2% mom), respectively. Within the automotive segment, the four-wheeler
pick-up segment continued its strong growth traction and witnessed 41.2% yoy
(down 2.4% mom) growth. LCV and M&HCV sales grew by 42.4% yoy (20.1%
mom), whereas Verito continued its strong run during the month. Automotive
exports, however, posted modest 7.5% yoy (down 28.2% mom) growth.
Tata Motors (TTMT)
TTMT registered a modest 5% yoy (down 13.7% mom) increase in total sales to
68,009 units as the commercial vehicle (CV) and passenger vehicle segments
reported a subdued performance. The CV segment grew by 6.3% yoy (down
substantially by 18.4% mom) as light commercial vehicle (LCV) sales witnessed
slowdown in growth during the month. M&HCV volumes, on the other hand, grew
by strong 14.6% yoy (down 8.6% mom). The PV segment registered marginal 2.9%
yoy growth, led largely by growth in Nano (up 26.2% yoy) and
Sumo/Safari/Aria/Venture (23.2%) volumes. Indigo sales, however, continued the
disappointing run, declining by 24.4% yoy.
Hero MotoCorp (HMCL)
HMCL reported lower-than-expected volume growth of 1.3% yoy to 512,238 units.
Sequentially, though total volumes declined by 6.8%. HMCL recorded over
650,000 units of retail sales in October 2011, thus registering strong double-digit
yoy growth. During the festival season, the company launched Impulse at an
attractive price of `66,800 (ex-showroom Delhi).
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