Automobile shares may breakout after crossing significant resistances
Passenger vehicle market leaders Maruti Suzuki and Hyundai on Saturday reported a decline in wholesales in December 2021, although homegrown majors Tata Motors and Mahindra & Mahindra reported growth, amid semiconductor shortage continuing to impact production. Other manufacturers Nissan and Skoda also reported an increase in December 2021 sales although Honda Cars India witnessed a decline last month. The country's largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent fall in wholesales to 1,53,149 units in December 2021 as against 1,60,226 units a year ago. Its December 2021 domestic sales slipped 13 per cent to 1,30,869 units as against 1,50,288 units in December 2020. "The shortage of electronic components had a minor impact on the production of vehicles during the month. The shortage primarily affected the production of vehicles sold in the domestic market," MSI said in a statement. The company said sales of mini cars, including Alto and S-Presso, fell 35 per cent
In December 2021, the domestic sales slipped 13% to 130,869 units as against 150,288 units in December 2020
The underneath strength, preferably read as price action, has been able to hold ground around the major neckline supports for these stocks
Market-share loss in SUVs, supply disruptions, and margin improvement may take time to repair
The new Celerio is wider and taller than the earlier version by 55 mm
Maruti Suzuki India (MSI) is currently analysing customer feedback to ascertain if the Jimny brand can be introduced in India
Positive macroeconomic indicators in rural India have helped passenger vehicle sales
Margin improvement for market leader in passenger vehicles may take time, say analysts.
Longer waiting periods with semiconductor shortage affecting production can have a negative impact on car demand, although the supply constraints of chips have gradually improved over the last few months, according to a senior official of car market leader Maruti Suzuki India. The company currently has a pending order of around 2.5 lakh units with demand in the market continuing to be buoyant, while its production was over 80 per cent of normal in November. "The bookings show that the demand continues to be quite robust, both in terms of inquiries and the bookings, but now availability is an issue and waiting periods have gone up," Maruti Suzuki India Ltd (MSIL) Senior Executive Director (Marketing & Sales) Shashank Srivastava. He further said, "So we are a little bit afraid that the longer waiting periods will affect the demand pattern and it can have a negative impact." Depending on models and variants the waiting period can range from weeks to months in the domestic passenger ..
Traders may keep positions light owing to the weekend factor as uncertainty lingers around the threat of Omicron variant
The price increase would vary from model to model, the auto major said, without sharing the details.
Stocks bearing breakout on moving averages, price strength and technical indicators are ready to see steady upside of up to 9 per cent
The car major is expecting an adverse impact on vehicle production in Haryana and Gujarat plants in Dec 2021 owing to electronic components supply constraint
Maruti expects December production at its Gujarat and Haryana plant to be impacted by the ongoing semiconductor shortage