Auto Sector Update - October 2012 - Microsec

The festive season seems to have brought some cheer to automobile companies with most showing a sale rise in October 2012. Market leader Maruti Suzuki, reported a 85.46% YoY increased in its domestic car sales during the month.

However, in the commercial vehicle segment, medium and heavy commercial vehicle (MHCV) sales remained weak, with Tata Motors reported a decline of 5.28% MoM but increased by 5.53 on YoY.

Two wheeler sales increased more sharply in comparison to the last two months, with sales of Hero MotoCorp, Bajaj Auto and TVS were increased by 3.31% YoY, 4.11% YoY and 3.66% YoY respectively.

Source : Equity Bulls

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