AUTO STOCKS OUTLOOK FOR THE WEEK – 15 TO 19.09.2014
( www.rupeedesk.in )
Stocks of automobile manufacturers are seen outperforming broader markets as sales in
certain key vehicles segments have been growing steadily, and also because of a positive
sentiment about the industry among investors.
As the automobile industry recovers, investors are feeling confident in investing in these
stocks. Passenger car sales have been growing on year for the past four months. Twowheeler
sales are growing at a fast pace, propelled by scooter sales.
Tractor sales have also been growing, and commercial vehicles, led by medium and
heavy commercial vehicles, are also staging a recovery.
Last month, medium and heavy commercial vehicle sales grew 9.6% and the extent of
fall in sales of light commercial vehicles was also arrested. Manufacturers have realised
that new launches are attracting customers. Therefore, a slew of new launches are
expected to keep sales volume high and customers interested.
