On Tuesday, March 1, the sales figures of auto companies for the month of February are going to come. The problems related to the supply of semi-conductors are gradually reducing, which augurs well for the passenger vehicle segment. After Corona, with the opening of offices and increased focus on personal vehicles, demand is expected to pick up, which can be seen in the passenger vehicle segment.
On the side of the trend seen in the month of January and the third quarter, it is expected that the year-on-year decline in domestic demand will be offset by the increase in exports.
Analyst at Nomura says that it is expected that in February, Maruti Suzuki’s domestic passenger vehicle sales may see a decline of 7 percent year-on-year. But the overall volumes for the month of February may remain flat on a year-on-year basis.
Nomura expects that the fall in the company’s domestic passenger vehicles in the month of February will be compensated by the growth in exports in the same period. Due to which the overall volume growth of the company may remain flat. On the other hand, according to estimates by Nomura, Tata Motors’ domestic passenger vehicle volume may show a growth of 47 percent on a year-on-year basis.
Brokerage houses also say that due to strong growth in e-commerce, demand for commercial vehicles may see a boost in February.
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Emkay Global Financial Services has said in a report that we expect Mahindra and Mahindra’s commercial vehicle sales to grow by 90 percent on an annual basis in the month of February. In the same period, Tata Motors can see a growth of 2 percent in commercial vehicle sales and 1 percent in Ashok Leyland commercial vehicle sales.
This strong growth in M&M’s commercial vehicle sales could be mainly attributed to the low base of last year and improving chip supply conditions for light commercial vehicles.
Analysts believe that there may be a decline in the sales of tractors and two-wheelers in the month of February. The problem of chip shorts continues to create difficulties in the dispatch of premium motorcycles.
Jefferies India says that it is expected that in the month of February, the sales of Bajaj Auto may decline by 2 percent year-on-year, TVS Motor’s sales by 9 percent year-on-year and Hero MotoCorp’s sales by 19 percent. Is. However, there can be an increase in their sales on a quarterly basis.
Emkay says that considering the high base of last year, it is expected that in the month of February, M&M’s tractor sales may see a decline of 30 percent year-on-year and Escorts’ sales may decline by 35 percent.
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