Commercial vehicles segment posted a healthy double digit growth. Looks like the impact of demonetization is a thing of the past. The impact of the switch to BS IV emission norms has also seems to have abated.
Normal monsoon and recovering rural demand have given a boost to the sales numbers. This has largely been aided by improving farm incomes due to better crop realizations and improving sentiment.
Passenger Vehicles was a mixed bag with Tata motors posted good YoY number backed by strong demand for new launches based on its next gen platform. Market leader Maruti posted a 10% YOY number while Mahindra saw tepid growth.
The numbers look good and I think the fortunes of the sector are turning around, what do you think?
YoY Sales data
| Company | Dec-17 | Dec-16 | % YOY |
|---|---|---|---|
| Hero Motocorp | 472731 | 330202 | 43% |
| Honda Motorcycles | 457683 | 205052 | 123% |
| Bajaj Auto | 292547 | 225529 | 30% |
| TVS Motors | 256909 | 184944 | 39% |
| Maruti Suzuki | 129340 | 117882 | 10% |
| Eicher Motors | 66968 | 57398 | 17% |
| Tata Motors | 60671 | 40944 | 48% |
| Hyundai | 40158 | 66177 | -39% |
| M&M - CVs | 39200 | 36464 | 8% |
| Ashok Leyland | 19253 | 10731 | 79% |
| M&M - Tractors | 18288 | 14047 | 30% |
| Escorts | 3606 | 3187 | 13% |
Segment wise sales data
| Segment | Dec-17 | Dec-16 | % YOY |
|---|---|---|---|
| Two Wheelers | 1473774 | 975515 | 51% |
| Passenger vehicles | 242388 | 245674 | -1% |
| Commercial Vehicles | 83065 | 53931 | 54% |
| Three Wheelers | 79848 | 33624 | 137% |
| Total | 1879075 | 1308744 | 44% |
| If you are positive, which stocks are you betting on? |
PV, CV, LCV
2 and 3 wheeler
Auto & Auto Ancillaries seems like a great bet going forward.
Are bullish on auto and auto ancillary stocks?
- Yes
- No
0 voters