Mhcv

CV sales are at a crossroads given weak demand from user industries but there are some signs of improved business sentiment and reasons to believe in recovery

All the signs point to a downcycle in commercial vehicles

Lack of strong bounceback in infra activity, moderating urban demand and easing truck rentals raise doubts over CV sales improving

Can Ashok Leyland’s de-risking strategy offset industry slowdown?

After two years of good growth, the commercial vehicles industry is seeing sales growth shift to the slow lane

Some corrections in retail inventory in Nov, optimistic about Q4 demand: Ashok Leyland's Shenu Agarwal

Agarwal further said that the company sticks to the forecast of MHCV industry growth of 8-9% in FY24.

Ashok Leyland: making the most of CV market momentum

What could surprise negatively is pressure on market share and stiff competition that may take a toll on pricing and profitability

Chart of the Day: Will CV volumes cross the FY19 peak this fiscal year?

Commercial vehicle sales volumes were robust in FY2023, but still lag the pre-COVID numbers. Will this year be better?

Chart of the Day: Two-wheeler sales growth to outpace passenger vehicles

Auto sales growth will continue to be robust over the next two to three years, but the two-wheeler segment that was languishing for long is likely to outperform

CV sales to grow 7-10% in FY24, operating margin to improve further: ICRA

The government spending on infrastructure will be a big volume driver, especially for the MHCV segment

COMMENT: Watch for Wabco while it is still weak

Amid the scrappage policy approval for old trucks and buses, let's take a look at Wabco India's ability to maintain competitive advantages.

Maruti to grow 12-13% in FY16; like Tata Motors: LKP Sec

Ashwin Patil, research analyst at LKP Securities says that Maruti‘s sales were aided by success of its recently launched Baleno.

Maruti, Eicher Motors, Leyland, M&M Nov sales disappoint

Mahindra & Mahindra's sales volume climbed 21 percent to 41,590 vehicles in November compared to 34,292 vehicles in same month last year, which was lower than analysts' estimates.

Bottom up approach important; see more downgrades: Emkay

Krishna Kumar Karwa of Emkay Global Financial Services says from now to year-end, the market will be focussing on a few important events such as the US Federal Reserve rate hike and the government's reforms push

Bharat Forge Q2 profit seen up 13%, exports may hit revenue

According to analysts polled by CNBC-TV18, revenue is seen rising 2.4 percent to Rs 1,166 crore compared to year-ago period. It may be supported by domestic business but slow exports may hurt.

Auto: CV`s rebound sharply; 2Ws & tractors remain subdued

Angel Broking has come out with its report on Automobile Sector. "CV‘s rebound sharply; 2Ws & tractors remain subdued", says the report.

Tata Motors soars 8% on strong JLR, MHCV sales in September

Its subsidiary Jaguar Land Rover (JLR) sold 6,850 vehicles in the US, higher by 61 percent compared to 4,248 vehicles sold in the year-ago period. Land Rover sales grew by 88.5 percent to 5,855 vehicles while Jaguar sales declined 12.9 percent to 995 units year-on-year, said the luxury car maker.

September auto sales: Mixed bag?

Auto sales for month of September will be released today. Sonia Shenoy of CNBC-TV18 has more details on what to expect from the numbers.

Sep auto sales: Nomura sees 35% growth in MHCV, 5% PVs

Medium and heavy commercial vehicle (MHCV) sales volumes should grow 35 percent year-on-year in September as this is the last month before the anti-lock braking system (ABS) become mandatory in India (October 1, 2015 onwards), driving prices higher, says Nomura in its note.

Tata Motors rises 3%; JLR UK sales post strong growth

Jaguar Land Rover sold 1,922 vehicles in UK in August, registering a 74.3 percent growth compared to 1,103 vehicles sold in the year-ago period.

Weak monsoon won't hit MHCV, GDP growth a worry:Tata Motors

Speaking at the sidelines of 55th Annual Siam Convention, that kicked off in New Delhi today, Ravindra Pisharody, ED of Commercial Vehicles at Tata Motors gives a roadmap to future and explains why there is no fear of growth slowing down in MHCV segment.

Nomura expects strong growth in August MHCV, PV sales

Strong growth for medium & heavy commercial vehicle (MHCV) space may be led by pre buying ahead of mandatory ABS (anti-lock braking system) implementation from October 1, 2015.

Tata Motors Q1 profit seen down 42%, JLR may dent earnings

JLR's profit after tax may tank 57 percent to pound 393 million on weak operational performance and revenue is seen falling 3.6 percent to pound 5,160 million on lower volume growth year-on-year.

Ashok Leyland Q4 net seen at Rs 250cr, volume growth likely

Analysts are expecting a very strong quarter led by massive rebound in the industry by medium and heavy commercial vehicles (MHCV) volumes rising 40 percent Y-o-Y. During the quarter, total volume growth is likely to be 32 percent Y-o-Y at 34155 versus 26043 units.

Buy every correction; see uptick in MHCV, like banks: UTIMF

Swati Kulkarni, vice-president and fund manager, UTI MF believes valuations of banking stocks continue to be supportive and the sector is likely to outperform. From a growth perspective, private sector banks are better placed in terms of capital adequacy, but from a valuation point of view, large public sector banks may do better.

Auto- CV recovery advances; 2W, tractors remain weak: Angel

Angel Broking has come out with its report on automobile sector. "Recovery in CVs advances; rural weakness continues to impact 2W and tractors", says the report.

Growth pick-up, low fuel to boost FY16 auto sales: CRISIL

According to CRISIL, in 2015-16, cars & UV sales are forecast to register stronger growth of 9-11 percent, driven by revival in economic growth and low inflation levels translating into a steady rise in disposable incomes.