Fairval

Notes on Indian equities, sectors and economy

FY14: 3rd sub-par year for passenger vehicle sales

Posted by fairval on January 10, 2014

FY14 is likely to see passenger vehicle sales end negative. Sale growth has been pretty anemic in the previous 3 years also, making it the third year in a row where volume growth will be less than the long term trend rate of 12%.

Since 1996, this has happened only once before, in the FY01-FY03 period; that time the bite was more vicious. Never have we seen 4 years of sub par sales. Will FY15 revert to > 12% volume growth?

Image

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: