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India Equity Research Reports, IPO and Stock News
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http://www.kotaksecurities.com/pdf/dmb/MorningInsight02032012.pdf
AUTO INDUSTRY VOLUME UPDATE - FEBRUARY 2012
Auto volumes for the month of February 2012 came largely on expected
lines. Trend displayed by most of the OEM's remained largely similar to that
reported in January 2012. Strong demand for diesel cars pushed the overall
sales in the car segment. LCV continues to grow at a robust pace, unabated
by the slowdown. M&HCV volumes grew at a modest pace despite various
macro headwinds. Demand continued to remain weak in the 2W space.
Lower farm income and rising input cost has pushed the demand for
tractors in the negative growth territory. Going ahead, we believe factors
such as excise duty related announcement (in the budget) and government's
decision related to increase in petrol/diesel prices will determine the
demand scenario in the near to medium term.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
http://www.kotaksecurities.com/pdf/dmb/MorningInsight02032012.pdf
AUTO INDUSTRY VOLUME UPDATE - FEBRUARY 2012
Auto volumes for the month of February 2012 came largely on expected
lines. Trend displayed by most of the OEM's remained largely similar to that
reported in January 2012. Strong demand for diesel cars pushed the overall
sales in the car segment. LCV continues to grow at a robust pace, unabated
by the slowdown. M&HCV volumes grew at a modest pace despite various
macro headwinds. Demand continued to remain weak in the 2W space.
Lower farm income and rising input cost has pushed the demand for
tractors in the negative growth territory. Going ahead, we believe factors
such as excise duty related announcement (in the budget) and government's
decision related to increase in petrol/diesel prices will determine the
demand scenario in the near to medium term.
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