Automobiles & Auto Components share price target

The automobile industry's overall retail sales rose by 15% YoY in January 2024 to 21.3 lakh units. Two-wheeler retail sales were up 15% YoY to around 14.6 lakh units, while car retail sales increased by 13.3% YoY to 3.9 lakh units. All segments of the industry observed a YoY rise during this period.

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Automobile wholesales of listed companies rose 17.7% YoY to 13.8 lakh units in January. Exports went up 17.3% YoY to 2,10,359 units. The problems in the Red Sea have limited freight movement, resulting in lower exports across all categories

Domestic two-wheeler wholesales of listed companies increased 22.8% YoY to 9.5 lakh units, and that of passenger vehicles rose 15.4% YoY to 2.6 lakh units.

The automobile industry’s overall retail sales rose 21.1% YoY in December 2023 to 19.9 lakh units. Two-wheeler and car retail sales also went up by 27.6% YoY to around 14.5 lakh units and 2.7% YoY to 2.9 lakh units, respectively.

All segments of the industry observed a YoY rise during this period.

Automobile wholesales of listed companies rose 7.8% YoY to 11.5 lakh units in December. Exports were up 5.4% YoY to 2,37,723 units.

Domestic two-wheeler wholesales of listed companies increased by 11% YoY to around 8.1 lakh units and passenger vehicles rose by 1.6% YoY to 1.8 lakh units.

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Passenger vehicle demand healthy across segments (UVs and compact cars) and is expected to continue