December Auto Sales Showdown: Sales Surge and Predictions Unveiled
Two-Wheeler Titans: TVS and Bajaj Lead the Charge
Awaiting the Revelation: January 1 Marks Auto Giants' Sales Disclosures
December Auto Sales Preview: A Detailed Glimpse
TVS Motor and Bajaj Auto: The spotlight shines on TVS Motor, envisaging a 30% surge to 3.14 lakh units, and Bajaj Auto, poised for a 25% climb, reaching 3.51 lakh units.
Hero Moto Corp and Eicher Motors: Hero Moto Corp eyes a commendable 10% expansion to 4.33 lakh units, while Eicher Motors takes a more moderate growth trajectory at 0.4%, targeting 68,667 units.
Passenger Vehicle Leaders: Mahindra & Mahindra takes the lead in the passenger vehicle (PV) market, projecting a 19% rise to over 68,000 units.
Maruti Suzuki India is anticipated to grow by a steady 6%, reaching 1.47 lakh units.
Mixed Fortunes for Ashok Leyland and Tata Motors: The poll suggests a 4% decline in overall sales for Ashok Leyland, dropping to 17,400 units from 18,138 units YoY. Tata Motors, on the other hand, foresees a modest 1% increase, reaching 75,233 units from 74,356 units YoY.
Analyst Insights: A Peek Into Market Dynamics
Nomura’s Assessment: Despite enticing discounts, Nomura reports a muted demand for small cars in December. The firm revises down the growth estimate for the PV business from 8% to 6% and raises concerns of downside risks for FY25.
CNBC-TV18 Report Highlights: Analysts anticipate a volume surge propelled by two and three-wheelers, but caution prevails as volumes are expected to witness a sequential dip across segments.
Commercial Vehicles (CVs) Dilemma: Due to a larger base and decreased demand in the light CV category, commercial vehicles (CVs) may continue to experience sluggish growth.
November 2023 Flashback: A Boost for Most, a Blip for Tata Motors
The auto sales data for November 2023 painted a bullish picture for major manufacturers, except Tata Motors, which reported a marginal decline, setting the stage for a December showdown in the dynamic automotive landscape.
Also Read : Stock Market Outlook for 2024.
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