After experiencing a marginal decline across the spectrum of automotive segments in October 2017, mainly due to stock corrections on account of the ongoing festive season, the industry seems to be finding its feet again and coming back on track. As monthly results of automotive companies flow in, most of the vehicle segments have bucked the earlier trend and shown double-digit growth. Commercial Vehicles, for instance, have witnessed a robust growth led by medium and heavy commercial vehicles. The Centre has recently announced a number of infrastructure as well as road and highway projects to boost the economic growth, and the effect is clearly becoming visible. Even in the passenger vehicle segment, several car makers have reported double-digit growth. The two-wheeler market, the bellwether of the rural economy as well as urban demand, is also picking up. A strong harbinger of times to come.
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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.
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