Jun 05, 2012, 12.38 PM | Source: Moneycontrol.com
Nirmal Bang has come out with its report on automobile sales.
, Nirmal Bang |
Automobile sales in May 2012 continued to remain subdued as the petrol price hike played spoilsport. Car sales of key players like Maruti Suzuki , Tata Motors , General Motors India and Ford India posted YoY drop in sales. Two-wheeler companies displayed better performance, with most of them posting a MoM growth in sales, largely driven by the launch of new vehicles and demand uptick due to the marriage season in North India. In the commercial vehicle segment, medium and heavy commercial vehicle (MHCV) sales remained weak, with Tata Motors reporting a 23.1% YoY drop in MHCV sales, while light commercial vehicle sales continued their doubledigit growth momentum. With the recent steep petrol price hike, car sales are expected to remain under pressure in the near term, but we expect them to recover in 2HFY12.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
Auto Expo comes to an end; 108 products unveiled
The Auto Expo, which was opened to public from Feb
Suzuki Q3 operating profit up; net profit outlook trimmed
Suzuki cut its annual net profit outlook by 4 perc
Sell Maruti Suzuki, BPCL: Ashish Kyal
Ashish Kyal, Founder & CEO at wavesstrategy.com is
Maruti Suzuki may slip to Rs 3300-3400, says Jai Bala
Jai Bala of Cashthechaos.com feels that Maruti Suz
Maruti hopes concept cars Ignis, Baleno R will appeal to GenNext
Maruti Suzuki today unveiled its two concept cars
Maruti Suzuki unveils Concept IGNIS and Concept BALENO RS for India
Maruti Suzuki unveiled Concept Ignis and Concept B
Toyota unveils all-new version of hybrid car Prius
The new fourth generation Prius combines a premium
Bang Overseas' board meeting on February 12, 2016
Bang Overseas Ltd has informed BSE that the meetin