Aviation
Aviation
SECTOR | 11 Jul 2016
HDFC Securities
In 1QFY17, MHCV volume growth moderated to ~10% YoY following a ~30% YoY growth in FY16. LCV volumes recovered steadily at ~15% YoY. PV sales saw moderation (3% YoY) as car sales were lower in the quarter. UVs witnessed a strong uptick backed by new launches. 2W sales growth recorded a strong pick-up (14% YoY) on account of the wedding season, improvement in motorcycle demand (on expectation of better monsoon), and continued demand for scooters.
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