{LONGTERMINVESTORS} Religare | India Morning Buzz 27Sep16 (Automobiles: Model Watch)

 

 

Top Research Picks

India Automobiles: Model Watch | Festive cheer boosts sales

 

India Automobiles: Model Watch

Festive cheer boosts sales

Both 2Ws and 4Ws grew at 15%+ YoY in Aug'16 led by a weak base and channel filling ahead of the festive season. Hero's sub-110cc motorcycle volumes grew 26% YoY while Honda's 36% growth led scooter segment sales. Among 4Ws, UVs grew 47% YoY helped by new launches. Maruti's UV market share has caught up with Mahindra's (25.6% vs. 26%), but it has conceded mini-car share to Renault's KWID and Datsun's Redi-Go. Our picks: HMCL, EIM.

 

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