Hero MotoCorp, TVS Motor Company and others the sales are likely to be lifted by wedding season and low channel inventory post festive season. Passenger Vehicles sales too are likely to see good growth momentum.
For commercial vehicles, while the demand is being driven by higher freight rates and improved fleet operator utilizations, monthly performance may remain weak on a year-on-year basis thanks to the higher base of last year, said analysts analysts. Analysts at Jefferies India Pvt Ltd expect strong volume growth of 25-36% year-on-year for Bajaj Auto , TVS Motor , 10-18% YoY for Eicher Motors (Royal Enfield) Hero MotoCorp.
The passenger vehicle sales for Maruti Suzuki India, Tata Motors Mahindra & Mahindra are expected to grow strong at 10-26% as per Jefferies estimates. Also read Nifty 50, Sensex today: What to expect from Indian stock market in trade on January 1 “We anticipate a decent overall volume growth driven by a strong growth in two wheelers and three wheelers segment on a YoY basis while the volumes are expected to cool down sequentially across segments which is a normal trend towards year end post festivals as dealers clear the old inventories, said analysts at Antique Stock Broking.
Demand for two wheelers in States like UP, Bihar, Rajasthan and Madhya Pradesh have been quite strong driven by strong marriage season, and strong consumer sentiments. Analysts at Antique believe Hero Motocorp to do well compared to its peers as it has strong presence in the North and central region.
Read more on livemint.com