Automobiles & Auto Components share price target

In June, automobile wholesales of listed companies grew by 8.7% YoY to 14 lakh units. However, exports declined by 2.5% YoY to 2.3 lakh units. Domestic two-wheeler wholesales of listed companies increased by 11% YoY to 9.9 lakh units, while passenger vehicles rose by 3.7% YoY to 2.2 lakh units.

Retail sales in the automobile industry rose by 2.8% YoY in May 2024, reaching 20.9 lakh units. Two-wheeler retail sales increased by 2.5% YoY to around 15.3 lakh units, while car sales declined by 1% YoY to 3 lakh units.

Top Sector Ideas - Auto and Auto Ancillaries - Q4FY24

In May, automobile wholesales of listed companies grew marginally by 0.4% YoY to 14.1 lakh units. However, exports rose by 15.9% YoY to 2.5 lakh units. Domestic two-wheeler wholesales of listed companies declined by 2.4% YoY to 10 lakh units, while passenger vehicles rose by 5.1% YoY to 2.4 lakh units.

Retail sales in the automobile industry rose by 26.7% YoY in April 2024, reaching 22.1 lakh units. Two-wheeler retail sales surged by 33.2% YoY to around 16.4 lakh units, while car sales increased by 15.9% YoY to 3.5 lakh units.

In April, automobile wholesales of listed companies grew by 20.8% YoY to 15 lakh units. Exports also rose by 23.1% YoY to 2.4 lakh units. Domestic two-wheeler wholesales of listed companies increased by 27.2% YoY to 11.1 lakh units, while passenger vehicles rose by 3.6% YoY to 2.3 lakh units.

Auto Monthly Volume April 2024

Retail sales in the automobile industry as a whole rose by 3.1% YoY in March 2024 to 21.3 lakh units. Two-wheeler retail sales increased by 5.4% YoY to around 15.3 lakh units, while car retail sales decreased by 6.2% YoY to 3.2 lakh units.

All segments of the industry, except the 2&3 wheeler segments, observed a YoY decline during this period.