Its true that Indias auto export surges 63%

Carmakers may have failed to enthuse domestic customers, but the thrust of many global auto majors turning India into an export hub has led to a rise of over 63%, year-on-year (y-o-y), in passenger car sales in the overseas markets during the April-January period of the current financial year, at almost 272,000 units.

According to the Society of Indian Automobile Manufacturers (SIAM), for the month of January, car exports from India grew by 12.5%, to over 21,500 units.

The export growth in the 10-month period was led by Hyundai Motor India, whose exports increased 91%, to almost 215,000 units. - MyIRIS

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BNP Paribas maintains ‘buy’ rating on Maruti Suzuki India

Maruti Suzuki India 

CMP: Rs 511.35 

TARGET PRICE: Rs 760

BNP Paribas has maintained a ‘buy’ rating on Maruti Suzuki India even while lowering the target price from the earlier Rs 840 to Rs 760. The foreign broking firm expects the company to regain market share with the launch of A-Star. “We believe the new A-Star will help Maruti regain most of its 230bp market share loss in the compact car segment,” says the report. 

The report also explains that the newly-launched A-Star has “focused on value, with feature-rich offerings and high fuel efficiency, rather than on performance.” The A-Star and the impending launch of the Splash in 1QFY10 will improve Maruti’s position in the A2 segment, where it has a 57% market share but had not launched any new products in the past two years, the report goes on to add.

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Automobile manufacturers now feel a pinch of recession.

Most of the Automobile manufacturers are now in a puzzle. Let it be India or let it be the whole world.
Recession is the only thing affecting the auto sales , due to feel of recession people have cut their expenses on luxury items or more expensive items.
In two wheeler segment Both Bajaj Moters and TVS showed negative sales , while Hero Honda showed a positive sales figure.
In four wheeler segment all of the scrips have tumbled. Sales have reduced.
Sales on Diwali day were marginally lower compared to last year.
(Last year 17,000 units in one day this year 15,000 units in a day)
Ashok Leyland has already felt the pinch as it has reduced the days of production.
Today Ford Motor Co posted a $2.98 billion quarterly operating loss and shares in world No. 1 automaker Toyota Motor Corp plunged on Friday after it warned this year's profits would hit a 13-year low.
So is it all the Recession Effect ?

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