Auto earnings preview: Sharekhan Special dated October 06, 2006

[Sunil]

 

Sharekhan Special [October 06, 2006] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   SHAREKHAN SPECIAL Auto earnings preview Q2FY2007 has been a good quarter for the automobile sector despite being a lean season due to the monsoons and the Shradh Paksha. Though the floods and heavy rains in some parts of the country affected automobile sales, the two wheeler segment (except the market leader Hero Honda) has grown well; the commercial vehicle segment has also grown albeit at a lower rate as compared to Q1FY2007 and ditto for the passenger car segment. Bajaj Auto's sales grew by 27%, while Hero Honda reported a marginal rise of 1.3% in its motorcycle sales. Maruti's car sales grew by 12%, M&M's tractor sales were up by 29.7% and Tata Motors' commercial vehicle sales (including exports) grew by 39%.

Regards, The Sharekhan Research Team myac...@sharekhan.com

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