Thread by @BeatTheStreet10

The domestic automobile sales volumes grew by 20% y-o-y in November 2022. The growth momentum
continued due to wedding season, offers, a low base.

On the other hand, exports are expected to decline by 12-15% in FY23 on account of ongoing geopolitical
tension, globally high inflationary and interest rate environment.

lets see the trends of autos in last month -
2-Wheeler - The 2W segment grew by 17% on a y-o-y basis during November 2022 amidst the ongoing wedding season and low base of last year.

Passenger Vehicles - Domestic sales in the PV segment showed strong growth of 30% on a y-o-y basis in November 2022.

Commercial Vehicles -The CV segment grew by 15% on a y-o-y basis, supported by strong 56% growth in Medium and Heavy Commercial Vehicle (M&HCV), while Light Commercial Vehicle (LCV) subsegment growth remained subdued at 2% in the same period.

Tractors - Domestic tractor volumes grew by 7% on a y-o-y basis on account of favourable rural sentiments led by improved Rabi sowing and healthy reservoir levels.

3-Wheeler : The domestic 3W sales grew 102% on a YoY basis primarily on account of the low base of last year. This segment is the highest growth across all segments due to +ve sentiment with the opening up of the economy.
Src- Careedge

Nov Month sales- except Bajaj auto which is more dependent on exports, most of the companies have double digit growth on YoY sales.
#Auto #Trends #Autosales