Angel Broking has come out with their earning estimates on Auto sector for Q4FY08. According to research firm M&M's Q4FY08 net sales are expected to go up 7.4% at Rs 2,950 crore (Rs 29.50 billion).

The company's PAT is seen up 10.7% at Rs 252.2 crore (Rs 2.522 billion).

Auto companies continued to witness flat volume growth during 4QFY2008 despite a quarter full of discounts and offers. Owing to high inflation and interest rate uncertainties, volume growth in the Auto sector would have to be tracked closely over the next couple of quarters.

Angel Broking believe that going ahead, the success of new launches both in the Two-wheeler and Four-wheeler segments will determine the sales growth of the players.