Auto Sales Number (December)

Today I am going to talk about the auto monthly sales numbers reported by the companies in India. Overall disappointing set of numbers came out from these Automations primarily because of the liquidity crunch non availability of retail finance higher interest rate and moderate economic activities ahead of election to the power discussing the highlights from individual segment talking about commercial vehicle segment for the initial sign of weakness has started coming in the last month and continued in this month as well all the automation in the commercial vehicle segment reported are disappointing set of number primary because of the liquidity crunch non availability of Finance you know that the rising interest rate. However LCV segment continues to post a very strong growth in Havy commercial vehicle space Tata Motors, Ashok Leyland posted on decline on 14% and 20% respectively in this month as compared to the same month last year. Moving to be passenger vehicle segment consumer sentiments in this segment particularly continue to be subdued primary because of the increase in the total cost of ownership which was given by increase in the oil prices rise in the interest rate and mandatory long term insurance.