This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

India Autos Report Q1 2013









NEW YORK, Jan. 17, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

 

India Autos Report Q1 2013

http://www.reportlinker.com/p0178048/India-Autos-Report-Q1-2013.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Passenger_Car

 

 

 

Includes 3 FREE quarterly updates

BMI believes new forecasts released by the Society of Indian Automotive Manufacturers (SIAM) in

October 2012 are too bearish. SIAM now expects passenger car sales to grow by 1-3% for FY2013 from a

previous forecast of 10%. According to S Sandilya, the President of SIAM, the slowdown in economic

growth coupled with high interest rates will further decelerate growth.

However, we agree with the headwinds seen by SIAM for the Indian auto market and are also revising

our FY2013 forecasts for the overall passenger vehicle sales market downwards to come in at 2.86mn

units, a growth rate of 6.8% from 9.1% previously. On the whole though, we are more bullish on India's

auto industry than SIAM.

 

While SIAM citied the recent diesel price hike as one of the reasons to downgrade growth in passenger

car sales to 1-3%, we do not believe that the hike will have such a huge negative impact on this segment.

We do not expect the spread between diesel and petrol to narrow much further going forward due to

political pressures to maintain diesel subsidies. Although the price of diesel has increased, it is still much

cheaper than petrol. Therefore, the strong demand for diesel vehicles is expected to continue.

Moreover, while sales of passenger cars and vans have stagnated recently, utility vehicles (UVs) such as

MUVs have enjoyed very strong year-on-year (y-o-y) growth for the past few months. It is our view that

this segment will outperform the overall passenger vehicle market going forward and we expect this

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs