News, Scrip Scan

From Hero MotoCorp to TVS, two-wheeler sales remain in reverse gear

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

From Hero MotoCorp to TVS, two-wheeler sales remain in reverse gear

Auto companies in India count dispatches to dealers as sales

Reflecting the broad-based slowdown in consumption, two-wheeler sales in India for scooters and motorcycles, showed no signs of turning the corner in June, as most companies crimped dispatches to align demand to supply. Combined sales of top six makers skidded 11% to 1,608,395 units during the month over the same period a year ago, showed monthly sales data released by companies.

Auto companies in India count dispatches to dealers as sales. The overall volumes were dragged down by top two manufacturers, Hero MotoCorp and Honda Motorcycle and Scooter India (HMSI) as the firms pared dispatches sharply to address stock pile at their dealerships. While deliveries to Hero dealers dropped 12% year-on-year, it contracted 15% at HMSI’s.

TVS Motor, the third largest two-wheeler maker, too, snipped deliveries by 8 per cent over last June. Bajaj Auto, which so far had managed to buck the slowing trend, corrected deliveries, albeit, marginally. The company cut dispatches by 1% over last year.

https://www.business-standard.com/article/companies/from-hero-motocorp-to-tvs-two-wheeler-sales-remain-in-reverse-gear-119070300055_1.html

Excerpts from Gaurav’s Blog

  Rest in Peace now Gerela Saab  ! Mr S T Gerela ex GM of BSE passed away peacefully this morning We

Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! Promoter Group of  Vedanta Ltd has

This is a Riskless Reliance Industries Rights Investment Strategy for those over 2.3 Million Shareho

 Wealth is negotiable, Health is not Your Personal Well Being is more important that the Stock Mark

Yes Bank ~ Has the RBI & MOF lost it !? SEBI really is a bystander here Controversial Lock In Cl