November 2014- Monthly auto sales (MotoGaze) ::ICICI Securities, link

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Monthly auto sales (MotoGaze) - Early takeaways
For November, the overall industry is estimated to have grown at ~14%
YoY, much higher than estimated. Despite an anticipation of inventory
correction post the festive season, as year-end approaches, the overall
industry, especially the two-wheeler segment has seen sustained momentum
vis-à-vis dispatches. This does indicate a possibility of lower volumes for the
next month as retails are likely to have lagged dispatches for November.
Two-wheeler industry volumes are estimated to have grown ~14% YoY
(including exports) with growth contributed by HMSI and TVS while HMCL
and BAL have seen volumes dip (especially BAL, which has seen domestic 2-
W volumes declining estimated ~20% YoY). The passenger vehicle segment
(including exports) witnessed growth (estimated ~4% YoY) mainly on
account of the strong performance of market leader Maruti Suzuki, which
saw strong ~20% YoY growth. M&M and Tata Motors, however, continued
to see volume declines in the domestic markets while Hyundai witnessed
~6% YoY growth in the domestic markets. M&HCV segment volumes have
been improving. For the month, the growth seems explosive owing to the
low base of last year. LCV volumes, however, have been on the decline and
continued to be lower on a YoY basis.

LINK
http://content.icicidirect.com/mailimages/IDirect_Motogaze_Preview_Dec14.pdf