Globally, sales volume usually jumps up by 40-50 per cent in the quarter prior to a major regulatory change.
The local funds have been buying Bharti Airtel for the last three quarters.
The measures undertaken by the company have helped it protect margins whenever demand has not been good.
Several automakers have arrangements with car aggregators such as Ola and Uber to sell vehicles to drivers who join their platforms. According to industry estimates, sales to such driver-partners in the past year were around 20,000 vehicles, recording a 35% fall from the previous year.
Hero Moto has fallen 8% in 6 months, while its peers have gained up to 17% in the same period.
As per the guidelines of the local authorities following the coronavirus outbreak in China, Tata Motors’ Jaguar Land Rover subsidiary has extended the shutdown of its manufacturing operations in China till Februrary 17. A two-week shutdown at JLR China will potentially affect 16% of its quarterly volume, based on the numbers so far this year.
Nearly a dozen of the coming vehicles are in the affordable segment costing less than Rs 10 lakh. This massive vehicle electrification drive is being led by Indian vehicle makers — Tata Motors and Mahindra & Mahindra — who will be launching half of these models with an eye on addressing the local market needs in terms of range and affordability.
In the first nine months of FY20, the company’s two-wheeler volume dropped by 18 per cent.
There is a minor gap prevailing in the Nifty at around 11,920 levels.
Company likely to be an outlier in auto sector given its focus on export growth.
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