Auto companies hope for a better 2012: PINC Research

PINC Research has come out with its report on automobile monthly sales update. The research firm is positive on the two wheeler industry and recommends to buy Bajaj Auto and accumulate Hero MotoCorp (HMCL), in its January 04, 2012 research report.

The passenger vehicle industry put in a sedate performance in the month of December with a single digit growth. 2011 started on a promising note with 20% plus growth in the first three months, however, mid way through the year all momentum was lost as rising interest rates and fuel price increases marred sentiment. With an improved performance in Nov and Dec

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