Small car segment reports buoyant growth in April - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Small car segment reports buoyant growth in April

May 3, 2000

As per a newspaper article the small car segment has reported a buoyant growth in sales in April'2000 as compared to April'99. Except for Maruti'800 which saw an erosion in sales in April'2000 and reported a decline of 17.1% YoY from 16,400 cars sold in April'99 to 13,596 cars sold in April'2000, other small car brands have performed very well. Maruti Udyog's other brands, the Zen and Wagon R together have reported a 50% growth in volumes in April'2000. This is due to introduction of Wagon R which added an additional 2,364 cars to total volumes sold during this month. Zen sales have gone up from 5,801 cars in April'99 to 6,335 cars in April'2000, a growth of 9.2% YoY.

Daewoo Motors sales in this segment have soared from 1,005 cars in April'99 to 5,067 cars in April'2000, a growth of 404% YoY. Hyundai's Santro sales have also improved to 5,631cars in April'2000 a growth of 59% YoY as compared to 3,531 cars in April'99.

The main reasons for higher growth in this segment can be cited as lower interest rates, availability of attractive car finance schemes, improvement in the economic scenario and pick up in the second hand car market due to professional advice being available. Another factor that could have contributed to the growth is the fact that many new cars models were introduced during the year and price increases have been minimal as competition is intense.


Equitymaster requests your view! Post a comment on "Small car segment reports buoyant growth in April". Click here!

  

More Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

Why We Picked This Small-cap Stock for Our Hidden Treasure Subscribers (Profit Hunter)

Sep 17, 2020

This leading household brand will profit big time in a post covid world.

My Top Stock to Buy in this Market Selloff (Profit Hunter)

Sep 22, 2020

The recent correction offers a great opportunity to buy this high conviction smallcap stock.

What Do the Charts Say About Buying Smallcaps Now? (Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...

How Much Money Do You Need to Be a Professional Trader? (Fast Profits Daily)

Sep 17, 2020

In this video I'll answer a question I get asked often: How much capital do I really need to trade the markets for a living? Let's find out...

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE AUTO


Sep 25, 2020 09:23 AM

COMPARE COMPANY

MARKET STATS