Free Share Market Tips expert report sayDemand growth of two Wheeler and Commercial Vehicles with passenger vehicles is strong. It is clear from the data of the April sales companies that the demand story is better. Experts say that there is still a favoured environment for the auto sector.
Demand is increasing due to financing. A better monsoon is expected, while the government's focus is on Infra and the rural area. Out of which, Outlook looks strong in the auto sector. There are also signs of credit growth in the auto segment. For long-term investments in auto and associated good shares, good returns can be given. Companies are also getting the benefit of bringing new models
Sales figures strong in April
Auto sales of auto companies have been strong in April. It is clear from the results that the demand for both commercial and passenger vehicles has been strong. There is also a better demand for Two Wheeler and Three Wheeler.
In April, Maruti Suzuki's domestic sales rose 14.2 percent to 16,4978 units. Overall sales of 14.4 percent remained at 17,2986 units in the same period.
In April, Tata Motors' overall sales were 86 percent higher and the company sold 53511 units.
Meanwhile, Mahindra & Mahindra's domestic sales were up 19 percent to 45217 units. Overall sales grew by 22 percent to 48097 units.
- In April, Eicher Motors' overall sales were up 27 percent and the company sold 76,187 units.
Meanwhile, overall sales of Bajaj Auto increased by 26 percent to 41,0168 units.
The atmosphere of the auto sector is in the environment
Free Share Market Tips expert, says that the overall outlook for the auto sector looks better. Increasing trend of finance, better monsoon, and growth in the economy has increased demand in the sector in the past few days.
On the other hand, the government's focus is on Infra and Rural Economy. As the infra activity increases in the country, demand for the auto will also increase. Increase in infra activity will also increase the demand for vehicles for transport, etc.
At the same time, the strong economy is strong and this sector gets more benefit. The Meteorological Department has expressed hope of a better monsoon this season. If this happens then the work of agriculture will increase, the income of the people in the rural areas will increase. Demand will be faster than this. They say that auto acceleration will also benefit those companies who make auto components.
Estimate of profit increase in Q4
Free Share Market Tips say that auto companies' sales are better. The Sector has got the benefit of the wedding season in the past. There is good growth in the commercial vehicle segment with two wheeler and 4 wheeler passenger vehicles.
There are also two-wheeler and utility vehicles figures. Sales figures estimate that profit will be good in the fourth quarter. According to the report of the brokerage house Motilal Oswal, according to the report, the auto sector is getting the benefit of new products coming in, so the sentiments remain positive.
Scooters and motorcycles both have a growth in the segment. Retail growth in the Overall Passenger Vehicle segment remains healthy. Commercial vehicles are also in fine demand.
Get 2 Days Free Share Market Tips: https://www.rudrainvestment.com/free_trail.php
Demand is increasing due to financing. A better monsoon is expected, while the government's focus is on Infra and the rural area. Out of which, Outlook looks strong in the auto sector. There are also signs of credit growth in the auto segment. For long-term investments in auto and associated good shares, good returns can be given. Companies are also getting the benefit of bringing new models
Sales figures strong in April
Auto sales of auto companies have been strong in April. It is clear from the results that the demand for both commercial and passenger vehicles has been strong. There is also a better demand for Two Wheeler and Three Wheeler.
In April, Maruti Suzuki's domestic sales rose 14.2 percent to 16,4978 units. Overall sales of 14.4 percent remained at 17,2986 units in the same period.
In April, Tata Motors' overall sales were 86 percent higher and the company sold 53511 units.
Meanwhile, Mahindra & Mahindra's domestic sales were up 19 percent to 45217 units. Overall sales grew by 22 percent to 48097 units.
- In April, Eicher Motors' overall sales were up 27 percent and the company sold 76,187 units.
Meanwhile, overall sales of Bajaj Auto increased by 26 percent to 41,0168 units.
The atmosphere of the auto sector is in the environment
Free Share Market Tips expert, says that the overall outlook for the auto sector looks better. Increasing trend of finance, better monsoon, and growth in the economy has increased demand in the sector in the past few days.
On the other hand, the government's focus is on Infra and Rural Economy. As the infra activity increases in the country, demand for the auto will also increase. Increase in infra activity will also increase the demand for vehicles for transport, etc.
At the same time, the strong economy is strong and this sector gets more benefit. The Meteorological Department has expressed hope of a better monsoon this season. If this happens then the work of agriculture will increase, the income of the people in the rural areas will increase. Demand will be faster than this. They say that auto acceleration will also benefit those companies who make auto components.
Estimate of profit increase in Q4
Free Share Market Tips say that auto companies' sales are better. The Sector has got the benefit of the wedding season in the past. There is good growth in the commercial vehicle segment with two wheeler and 4 wheeler passenger vehicles.
There are also two-wheeler and utility vehicles figures. Sales figures estimate that profit will be good in the fourth quarter. According to the report of the brokerage house Motilal Oswal, according to the report, the auto sector is getting the benefit of new products coming in, so the sentiments remain positive.
Scooters and motorcycles both have a growth in the segment. Retail growth in the Overall Passenger Vehicle segment remains healthy. Commercial vehicles are also in fine demand.
Get 2 Days Free Share Market Tips: https://www.rudrainvestment.com/free_trail.php
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