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Showing posts with label Automobiles. Show all posts
Showing posts with label Automobiles. Show all posts
Saturday, April 19, 2014
Tuesday, October 04, 2011
Thursday, March 03, 2011
Saturday, January 09, 2010
Monday, August 10, 2009
Thursday, June 11, 2009
Wednesday, June 03, 2009
Monday, April 13, 2009
Sunday, March 15, 2009
India's February car sales jump 22% yoy
Domestic sales of passenger cars jumped 22% in February due to lower sales last year and tax cuts announced by the Government to boost consumption in a slowing economy. Car sales last month stood at 115,386 units as against 94,757 units in the same month a year earlier, data released by the Society of Indian Automobiles Manufacturers (SIAM) showed. However, commercial vehicle sales in India slipped 31.6% to 31,069 units in February, as tight financing norms and economic slowdown continued to hit sales of buses and trucks. On the other hand, two-wheeler sales in February rose by 16% to 630,849 units from the corresponding month last year, the SIAM data revealed.
India's car sales in the year ending on March 31 will be flat or marginally negative, Dilip Chenoy, the director general of SIAM said in New Delhi today. Loan availability for two-wheelers, trucks and buses is still a cause for concern, he said. Chenoy attributed the rebound in February to the low base effect of last year. Car sales in February 2008 were low, as potential buyers had postponed purchases in anticipation of tax cuts in the Union Budget. Sales climbed in March last year after the Government cut excise duty on small cars, two-wheelers, three-wheelers and buses.
Wednesday, January 21, 2009
Wednesday, December 03, 2008
Thursday, July 03, 2008
Tuesday, June 17, 2008
Wednesday, May 07, 2008
Thursday, April 03, 2008
India Strategy, MTNL, Jagran Prakashan, BHEL, Maruti Suzuki, Titan Industries, Automobiles
Labels:
Automobiles,
BHEL,
India Strategy,
Jagran Prakashan,
Maruti Udyog,
MTNL,
Research Report,
Titan Industries
DP Group! | Facebook | Twitter
Sunday, March 09, 2008
Thursday, March 06, 2008
Tuesday, March 04, 2008
ITC, Automobiles
TC
Cluster: Apple Green
Recommendation: Buy
Price target: Rs247
Current market price: Rs193
Proposed excise hike to dent cigarette volumes
Key points
- The steep hike in the excise duty on non-filter cigarettes will have a negative impact on non-filter cigarette volumes of the cigarette industry.
- The impact of the excise duty hike will be marginal on ITC, as only 20% of the company's cigarette sales are generated from non-filter cigarettes. The decline in the non-filter cigarette volume will be partially offset by a rise in the filter cigarette volume. We have revised the FY2009 cigarette volume estimates downward from 5% to 2.8%.
- Consequently, we are downgrading the FY2009 earnings per share (EPS) estimate by 0.9% to Rs9.80.
SECTOR UPDATE
Automobiles
Two-wheeler sales continue to decline
Sales of two-wheelers continue to decline due to the prevailing tight financing situation. On the other hand, sales of four-wheelers, mainly cars, saw a marginal growth last month. February is generally a slow month for the automobile sector because sales get postponed in anticipation of a price reduction in the Union Budget. Consequently, sales of Maruti Udyog grew by only 0.4% in the domestic market. With the reduction in the excise duty on two-wheelers and small cars announced in the budget for FY2009 and the reduction in prices announced by the automobile companies, sales of automobiles are expected to revive from March onwards.
Thursday, January 03, 2008
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