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Auto Industry Sales Volume Update: July 2018
Publish date: 2nd August, 2018
- In July 2018, wholesale volume growth varied amongst segments and for players within the same segment.
- Despite uncertainty over revised axle norms, commercial vehicle segment posted high growth in July 2018.
- Rural pick-up and aggressive pricing boosted two wheeler sales volume growth.
- Passenger vehicle segment witnessed a lackluster month and for tractors the performance varied between the key listed players.
- We believe that sales during the month would have been impacted on account of transporters strike.
- Further, base effect also played a role as July 2017 was the first month of GST implementation and manufacturer’s had resorted to inventory restocking.
- In the auto OEM space, Mahindra and Mahindra and Maruti Suzuki remains our preferred picks.
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