Page 20 - Auto Sector
In Q3, auto sector to report robust topline growth but low margins: Report
Most auto companies and ancillaries are likely to report double-digit revenue growth of 14-51% during the third quarter, says a weekend report by HDFC Securities
 "In Q3, auto sector to report robust topline growth but low margins: Report")
Auto industry on growth path, 3-wheelers sputter
Three of the four key segments of the automobile industry reported a double digit growth in sales during July as dealers replenished stocks. Dealers had stopped building stocks in second half of June to avoid transition losses arising out of the Goods and Services Tax that came into being from July 1. Accordingly, June was a month of decline.Companies, which had postponed dispatches in June, sold higher volumes in July. Sales of passenger vehicles (cars, vans and utility vehicles) rose more than 15 per cent to 298,997 units as most companies including Maruti Suzuki, M&M, Toyota and Honda clocked a double digit growth in sales. With the passenger vehicle segment, sales of cars rose by 8.5 per cent to 192,773 units while volume of utility vehicles expanded 35.5 per cent to 86,874 units. Vans, the smallest part of this segment, grew at 7.6 per cent to 19,350 units, data released by the Society of Indian Automobile Manufacturers (SIAM) said. "In June, dealers were liquidating their ...
 "Auto industry on growth path, 3-wheelers sputter")
Auto sector in top gear as companies post strong July sales
Passenger vehicle sales up 17 per cent, auto stocks peak
 "Auto sector in top gear as companies post strong July sales")
Fitch keeps stable outlook for auto sector on lower costs
New model launches and lower fuel prices will boost demand in the automobile sector
 "Fitch keeps stable outlook for auto sector on lower costs")
