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Auto sales for the month of August clocked growth of 17% y-o-y

SPA Securities | 06 Sep, 2016  | Follow Author | Add to my Favourites 
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Auto sales for the month of August clocked growth of 17% YoY led by 20% YoY growth in 2 wheelers and 12% growth in PV sales. CV sales stood flat and 3 wheeler sales declined by 15% YoY, but registered a growth of 1% on a MoM basis. Although exports of Bajaj Auto and TVS Motors have recovered from the lows (up 17%), but still the declining trend in export continues due to lack of availability of dollar denominated currency in certain export geographies of Latin America and Africa. In the CV segment, M&HCV sales declined by 10% YoY whereas LCV grew by 8% YoY. Tractor manufacturers have reported double digit growth in monthly sales.


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About SPA Securities

SPA Securities was promoted by a team of finance professionals in 1995 with an objective to provide value added financial services. Initially, the Group focused as a niche financial solutions provider in corporate finance and wealth management to Indian companies and high net worth individuals. In January 2000, the Group expanded its operations and the range of services. Today, SPA provides services for securities broking, merchant banking, wealth management, financial advisory, corporate finance , risk management and insurance broking.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

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