Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
Sitharaman said economic slowdown seems to have bottomed out and the coming festive season will help the economy start looking up.
The Finance Ministry on Thursday said the growth rate in the current financial year will accelerate to 5.8 per cent, better than previous estimates, saying the green shoots of economic recovery are now visible.
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.
Maruti is now at a market share of 50.4%, up from 47.3% last year. In China, the world's biggest market, Volkswagen is the largest, with a share of 17%. In America, the second biggest, GM is leader with 18%. One exception is South Korea, where Hyundai has a market share in excess of 60%.
Renault says that one of the reasons why its sales look muted when compared to its peers is its limited reach.
Total sales of commercial vehicles were down by 26.95 per cent to 51,680 units from 70,746 units in the year-ago period, SIAM said.
Leyland expects the digital drive to help tap its in-house strength as well as segments such as passenger cars and two-wheelers.
The $100-billion SAIC would have a dedicated manufacturing facility in India, and would be the first Chinese automaker to do so.
One of the smallest players in India's car market, it is banking on new-look Etios to make inroads into the personal vehicle segment
The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006.
The regulator will audit an airport's ground facilities, its turnaround and general safety procedures, and the movement of vehicles. Underground facilities, ground servicing equipment, passenger boarding bridges, condition of the apron, marking and lighting, and availability of foreign object dustbin bins will be checked.
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BSE auto index surged 2%, capital goods, healthcare and oil & gas indices also up.
Car makers are cautiously optimistic, even as two-wheeler firms are clearly upbeat.
Rising commodity costs, coupled with other marketing-related expenses, could weigh on profitability in the coming quarters.
An unhappy, restive mood prevails at the Ford factory Maraimala Nagar, 50 km from Chennai, and the surrounding area. The security is tight - not just Ford security personnel but also Tamil Nadu state police who are posted at the main gate. From September 9, when Ford India announced it was phasing out its units in India and leaving, workers at its manufacturing unit at Maraimala Nagar have held onto one hope: that the state government will step in to save their jobs.
Prices of two-wheelers, passenger and commercial vehicles are set to rise 15-25%
On the other hand, the group's two traditional cash cows, TCS and Tata Motors' subsidiary Jaguar Land Rover, are slowing as other businesses pick up pace
Net sales during the reported quarter rose to Rs 20,594.3 crore, up 14.4 per cent against the year-ago period.
The domestic auto industry is set to hit an all-time high sales figure of 12.2 million units in 2009-10, surpassing the previous sales record of 10.1 million units in 2006-07.
Domestic passenger car sales touched a record 189,008 units in February this year, a growth of 22.63 per cent vis-a-vis the figure for the same month of 2010, as customers advanced their purchases fearing a possible excise duty hike in the Budget.
Total sales of vehicles across categories registered 21.32 per cent growth to 13,70,932 units in February, 2011.
Financials emerged as the top gainers while auto shares rallied on robust September sales
The strong domestic growth for new vehicle sales during 2008-12, which witnessed a compounded annual growth rate of 14 per cent, led to an increased inventory of used cars, thanks to trade-ins.
Total sales of vehicles across categories registered 21.32 per cent growth to 13,70,932 units in February, 2011.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
Sales of vehicles across categories registered a growth of 3.75 per cent to 16,19,689 units in January against 15,61,130 units in the same month of 2013
GM India is banking on the growing used car market in the country to bring incremental revenues amidst sagging sales of passenger cars in the aftermath of economic recession. General Motors clocked a sales volume of 65,702 units in the India market in 2008 as against its targeted sales of 85,000-90,000 units. The auto major had not set any sales target for 2009-10 but expected sales to be flat.
Total sales of commercial vehicles were down by 5.59 per cent to 48,473 units from 51,344 units in the year-ago period, SIAM said.
According to the figures released by the Society of Indian Automobile Manufacturers, motorcycle sales in the country during the month was up by 7.39 per cent at 5,13,209 units, against 4,77,901 units a year ago. Total two-wheeler sales in May went up by 6.99 per cent at 6,47,358 units, compared to 6,05,014 units in the same month last year.
If the economy gains momentum, that is a big positive for markets, given the strong macro of low inflation, falling rates, and a stable rupee, says Akash Prakash.
Domestic tyre demand is seen to grow by 7-9 per cent over the next five years.
Analysts at stock broking houses Motilal Oswal, Religare Securities, IL&FS Investsmart and Sharekhan say that while Maruti Udyog is doing well, the other biggies Tata Motors and Mahindra & Mahindra would have weak single-digit performances that could lead to a decline in net profit.
A lower base could be part of the explanation but not all.
It expects 6-7 per cent sales growth in 2013-14.
From discounts to hundred per cent financing to talks of a price hike, companies are doing everything to ensure retail sales pick up this month.
The passenger vehicles sales in the country has seen a 21.21 per cent growth during April at 1,30,013 units as against 1,07,263 units during the same month a year ago. The domestic car sales rose 17.2 per cent in April to 98,740 units from 84,283 in the same month a year earlier. The domestic sale of commercial vehicles such as trucks and buses increased 7.6 per cent to 33,271 units in April, from 30,914 over the same period last year.
India's network has expanded at a compound annual rate of around 4% which has added more than 4.8 km of additional roads since 1951, but even so the network remains badly underdeveloped
Posting a remarkable turnaround after a dip in sales for three previous months, Maruti Suzuki sold a record 67,005 vehicles in the domestic market--the highest ever in a month in its 25-year history--reflecting a 5.6 per cent growth over January 2008. The previous sales record was 65,216 units, notched up in November 2007, when there was no slowdown.
Maruti being the market leader with a disproportionately high share of the passenger car market helped its component makers grow as an industry all these years and hence, the exit from a segment is a jolt if not a big setback.
