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India Equity Research Reports, IPO and Stock News
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http://www.kotaksecurities.com/pdf/dmb/MorningInsight03042012.pdf
AUTO INDUSTRY VOLUME UPDATE - MARCH 2012
Most of OEM's ended FY12 on a high with strong dispatches in March 2012.
Maruti Suzuki, Tata Motors and Mahindra & Mahindra (automotive division)
reported their highest ever monthly figures in March 2012. On the other
hand 2W players (Hero MotoCorp and TVS Motors) reported subdued
dispatch growth numbers. In FY13, we expect auto industry volumes to
grow by 10-12%. Having said that, we expect demand to remain sluggish in
the near term and improve gradually. Factors that would be critical for
volume growth in FY13 include good monsoon, reduction in interest rate
and pick-up in domestic economic activities.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
http://www.kotaksecurities.com/pdf/dmb/MorningInsight03042012.pdf
AUTO INDUSTRY VOLUME UPDATE - MARCH 2012
Most of OEM's ended FY12 on a high with strong dispatches in March 2012.
Maruti Suzuki, Tata Motors and Mahindra & Mahindra (automotive division)
reported their highest ever monthly figures in March 2012. On the other
hand 2W players (Hero MotoCorp and TVS Motors) reported subdued
dispatch growth numbers. In FY13, we expect auto industry volumes to
grow by 10-12%. Having said that, we expect demand to remain sluggish in
the near term and improve gradually. Factors that would be critical for
volume growth in FY13 include good monsoon, reduction in interest rate
and pick-up in domestic economic activities.
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