Automobile Industry Monthly Update

Research report by 'Ventura Securities Ltd'
     
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Most domestic auto makers have reported sales growth in double digits in June. The strong demand environment in the sector has led to better pricing power with most of the automobile companies, hiking product prices by 4%-5% during the quarter to protect their margins. The commercial vehicle segment has shown the strongest growth trends with Ashok Leyland reporting more than 100% growth, followed by Tata Motors reporting almost 50% growth. On the other hand, in the two wheeler space, Bajaj Auto recorded impressive 68% growth.


   
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