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Estimating Sales Of MHCV In JULY (Automobiles)

Summary

Eicher branded trucks & buses recorded sales of 3,939 units in April 2018, compared to 3,077 units in April 2017, a growth of 28 per cent.

Tata motors group global wholesale in june 2018 will be 115,715 as estimated.

Bajaj auto & Ashok leyland past May month was average 30% in sales.In the month of july we estimate the growth will be 35% to 36%.

All companies estimating growth are here in summary. My estimating growth about MHCV of all companies is increased by 25 percent or more in FY 19.

ARAI (AUTOMOTIVE RESEARCH ASSOCIATION OF INDIA). Total production volume grew at a CAGR of 4.43 per cent during FY 12-17.

All the companies which were mention in above is likely to hike in their sales with relate to fall in price of diesel & petrol in near future due to economic reforms.

The major automobile players in the Indian market are expected to make India a leader in the 2W and Four Wheeler (4W) market in the world by 2020.

 

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.