The Motilal Oswal report believes that in the Indian automobile industry, 6-7 per cent of the growth rate of the financial year will be testified.
The report has shown that there is an important challenge in the two -wheeler section, where there is a risk of decreasing the current growth estimate if the demand is not accelerated in the near future.
Currently, the main auto departments are getting weakness on demand, which has reduced the passenger vehicles by 1.4 percent, while the two -wheeler ICE has recorded a decrease in volumes by 8 percent. In addition, there was a minor decline in the commercial vehicle department.
Especially in the two -wheeler section, the sale of motorcycles declined by 9 percent, scooter ice sales declined by 5 percent and mopeds declined 11 percent.
In addition, the report also shows that the car segment has reduced 11 percent yois in Q1, and all the players have seen a decrease in volume. Exactly, small car sections showed significant decrease in volumes: Alto (-36 percent), Spaceo (-38 percent) and Celerio (-43 percent). With a growing 7.6 percent and the LCV bus has increased by 8.8 percent.
In the commercial vehicle department, Tata Motors Limited has done low performance in all four CV sections, while VECV VE professional vehicles are limited to most CV sections in Q1. (Ani)
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