Auto Sector Sale Growth September 2019
- The annual sales that appear before the Q2 2019 results will be easy to take position, how much deviation can occur in the stock price.
- Before the results, you can estimate from the sales growth of the company how the subsequent Q2 results can be.
- The sales rates of five companies have been analyzed here.
Escorts tractor sales rise +2.2% yoy in September
The company's domestic tractor sales in September 2019 were at 10,521 units vs. 10,396 units in September 2018, up marginally by 1.2%,
M&M gains 1.75% after CRISIL reaffirms ratings on debt programme & bank facilities.
Mahindra sold 14,333 vehicles in September 2019, compared to 21,411 vehicles in September 2018, decline -33%.
In the Commercial Vehicles segment, the company sold 18,872 vehicles in September 2019, down -18% as against 22,917 vehicles in September 2018.
Total tractor sales (Domestic + Exports) during September 2019 were at 37,011 units was down -2% as against 37,581 units for the same period last year.
Ashok Leyland total sales drop -27% yoy in September.
Maruti Suzuki Sep Sales: Total domestic sales 1.15 lakh units, down -25% yoy.
Bajaj Auto Sept total sales down -20% yoy.
Eicher Motors total sales declined -43.2% yoy.
SML ISUZU posts -39% yoy decline in sales for Sep'19.
Tata Motors announced its sales in the domestic & international market.
For September 2019, which stood at 36,376 vehicles, compared to 69,991 units during September 2018. -48%
Total MHCVs sales including MHCV Truck, Buses and International Business stood at 7,055 units compared to 19,441 units last year.
Sales of the auto sector are completely decline, but the auto sector can get an advantage, which has reduced corporate taxes, you will see the recover in Q2 Fy 2019 after tax total profit.
Acording To India Infoline
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