Contact Us | Log In
Search
Sensex: 35511.6 +251.30 Gold: Rs.29753.00
Nifty: 10894.7 +77.70 Silver: Rs.38989.00
Automobile Sales for December 2017 - IndiaNotes.com
Automobile Sales for December 2017
SPA Securities | Published: 04 Jan, 2018  | Source : IndiaNotes.com

Auto sales in December 2017 were sharply higher year-on-year, but that’s partly because sales in December 2016 were impacted by demonetisation. The CV sector has bounced back strongly after setbacks from demonetization and the BS-IV transition in 2017. TAMO reported 83% jump in M&HCV segment as its innovative Selective Catalytic Reduction (SCR) has been liked by customers. M&M reported good growth on a low base on the back of near normal monsoon, and its rural presence. Ashley too reported 82% growth in M&HCV on the back of the low base, good monsoon, and improved rural demand. In PV space, MSIL continued to top the chart with 10% growth, mainly driven by 20% growth in UV segment. Tata Motors witnessed a strong growth of 31% on the back of 406% growth in its UV segment, led by strong demand for new generation cars. M&M remained outlier with sales declining 7.5%. In 2W space, RE continued its run, with sales of sub-350 cc bikes growing 20%. Sales of 350 cc-plus bikes fell 20.4%, in line with a trend for the past few months barring October. TVSL posted a strong growth in 2W segment primarily because of 63.7% growth in bikes and 50.6% percent growth in scooters. Bajaj’s domestic two-wheeler sales were flat. HMCL, a formidable player in 100/110cc bikes, posted a growth of 43.2%.

  Read full report Click here to read the full report


About SPA Securities

SPA Securities was promoted by a team of finance professionals in 1995 with an objective to provide value added financial services. Initially, the Group focused as a niche financial solutions provider in corporate finance and wealth management to Indian companies and high net worth individuals. In January 2000, the Group expanded its operations and the range of services. Today, SPA provides services for securities broking, merchant banking, wealth management, financial advisory, corporate finance , risk management and insurance broking.

 

For more information please write in to editor@indianotes.com

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.