Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
17 September, 2014 09:01 IST
News

Source: rss (17-Sep-14)
Comments  |  Post Comment

Volume data released by few Indian auto companies for November'12 showed a muted performance with decent YoY growth, but sequential decline, particularly MHCVs recording significant volume plunge on YoY as well as MoM basis.

Maruti Suzuki clocked volumes of 103,200 vehicles, up 12.5% YoY (flat MoM) on low base. M&M’s auto volumes grew by a strong 18.2% YoY (down 10% MoM) to 48,143 units, Tata Motors’ volumes declined 13.4% YoY (7.3% MoM) to 66,500 units.
 
Four-wheeler Segment

Tata Motors sold 66,500 units in November'12, plummeted 13.4% YoY (7.3% MoM). Its volume in M&HCVs space fell 41% YoY (21.7% MoM) to 9,495 units in November'12. The Company managed to sell 3,503 units of Nano in November'12, down 45% YoY. Its Indica sales plummeted 36% YoY to 6,956 units in November'12. The LCV space was a key growth driver of the CV segment, as Tata Motors' LCV volumes soared 21% YoY to 34,828 units. The Company’s exports declined 4.7% YoY to 4,146 units in November’12.

Mahindra & Mahindra  (M&M) sold 48,143 units in the automotive segment in November'12, up by 18.2% YoY (down 10% MoM). Its key volume growth came from PV segment comprises of UV and PC, which rose 38.1% YoY (down 8.6% MoM) to 24,604 units, while its LCV segment rose 7.4% YoY (down 13.3% MoM) to 14,353 units in November’12. Company’s exports fell 46% YoY to 1,388 units in the month.

Maruti Suzuki delivered decent performance in November'12, with its monthly vehicle sales standing at 103,200 units, up 12.5% YoY (flat MoM), on a low base of last year. The Company's Mini segment (M800, Alto, Wagon R, A-Star) declined 5.8% YoY to 36,679 units and its Van segment also fell 10% YoY to 8,650 units in November'2. The Company's compact segment (Swift, Estilo & Ritz) rose 7.6% YoY to 23,849 units, while its Super Compact segment (D'zire) grew 30% YoY to 13,502 units in November'12. Its volume in UV segment soared by over fourty fold to 7,439 units in November'12, due to incremental volumes of newly launched Ertiga.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.


News
NTPC signs MoU with AP govt for 1,000 MW solar power projects - 16-Sep-2014 18:30
Jet Airways signs contract for training centre operation services with CAE - 16-Sep-2014 18:06
Morgan Stanley buys 1.15% stake in Future Retail - 16-Sep-2014 18:05
'Buy' J&K Bank; target Rs 170: ICICIdirect - 16-Sep-2014 17:50
Maruti's Manesar production crosses 2.5 mn mark - 16-Sep-2014 17:28
Aurobindo gets USFDA nod for Amoxicillin for Oral Suspension - 16-Sep-2014 16:28
CRISIL downgrades Venus Remedies - 16-Sep-2014 16:23
Angel Broking remains neutral on Lupin - 16-Sep-2014 16:17
Usha Martin board approves right issue - 16-Sep-2014 16:06
KKR extends financing to GMR Holdings - 16-Sep-2014 15:57
Axis Bank joins ETC Implementation plan of road transport & highways ministry - 16-Sep-2014 15:48
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   79832b into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer