MOSL: AUTOMOBILES | March 2017 volumes-1. Bajaj Auto, 2. TVS Motors, 3. Ashok Leyland, 4. Hero MotoCorp
​AUTOMOBILES | March 2017 volumes: 1. Bajaj Auto, 2. TVS Motors, 3. Ashok Leyland, 4. Hero MotoCorp
1. Bajaj Auto: March volumes below estimate at 272k; -10% YoY; Motorcycle volumes decline 8% YoY; Commercial vehicles down 33% YoY
- ​BJAUT's March 2017 sales fell 11% YoY to 272,197 units (est. of ~303,848 units). Domestic volumes declined 17% YoY (+6% MoM), while exports grew only ~2% YoY due to a low base. Overall FY17 volumes declined ~6% YoY to 3.67m units.
- Domestic volumes fell 17% YoY to 169.3k units (est. of 193k units). On MoM basis, domestic volumes grew 6%.
- Motorcycle volumes declined ~8% YoY. Domestic motorcycle sales declined 14% YoY to 151.4k; while there was MoM recovery, YoY growth still continues to be under pressure. Motorcycle exports grew 6% YoY, mainly due to a low base of last year.
- Dominar crossed 10,000 units in sales in the fourth quarter. March alone saw sales of ~3,000-4,000 units, as per management.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.