Ashok Leyland
Ashok Leyland (AL) reported poor volumes with total volumes posting a decline of 13.8% yoy to 7,487 units. The weakness in the medium and heavy commercial vehicle segment persisted which led to a 18.8% yoy decline in commercial vehicle sales during the month. Dost volumes too remained flat during the month and recorded sales of 2,236 units. Source: AngelBroking
Bajaj Auto
Bajaj Auto (BJAUT) registered weak volumes in April 2013 led by sluggish sales in the motorcycle segment. Total volumes registered a steep decline of 9.8% yoy to 344,178 units as motorcycle sales witnessed a decline of 12.1% yoy. Thee-wheeler volumes on the other hand registered a strong 10.4% yoy (26.8% mom) growth to 43,351 units during the month. Export volumes too registered a decline of 22.9% yoy primarily due to the weakness in the major exporting countries like Sri Lanka, Bangladesh and Egypt. On a sequential basis, total volumes grew 14.3% primarily due to a 28.6% growth in exports. It should be noted that exports in March 2013 were impacted due to the goods in transit. Source: AngelBroking
No comments:
Post a Comment