Friends we are very happy to post the 100th post on MoneyBol.com. In a short time we have got great response from readers and investors like you. Thanks for your appreciation for our research of Economy and Markets. We will continue our endevour to serve you with quality content via MoneyBol.

 

Our analysts update you regularly on the developments in sectoral outlook so as to enable you to take better investment decisions. Following is an update from our analyst Rahul Sonthalia on automobile sector

  • A reduction in excise duty helps to make car cheaper
  • Sale of passenger vehicle grew at 25% in FY2009-10
  • Although Tata Motors is delivering Nanos but Maruti 800 leads the market
  • Hyundai become the second-highest selling car by overtaking Maruti Wagon R market
  • Overall, Tata Indigo sales have risen in the last quarter of 2009-10
  • On the otherside Mahindra-Renault Logan sales fall by 60%
  • The UV major Mahindra & Mahindra’s share shot upto 55%,Armada grew 31.3%,scorpio grew 25%,but newly launched Xylo sold 28558 units which is 50% of its past
  • The second highest selling utility vehicle, Innova grew at 23.8%

Author: Rahul Sonthalia, Research Head, Kredent

Related posts:

  1. Sector focus: Pharma
  2. Indian Telecom Sector – Results and Overview
  3. Indian Steel Sector – Results Update