Sector Update INDIA AUTOMOBILES 18 March 2016 India Automobiles: Model Watch UV, motorcycle sales zoom on new launches PV sales for the month of Feb’16 rose 2% YoY as UV volumes jumped 21% YoY on a slew of new launches in the compact UV segment (Creta, KUV100, TUV300). Car sales however fell 4% amid a slowdown in the compact segment (-5% YoY). In 2Ws, REPORT AUTHORS motorcycle sales grew 11% off a low base and new 125-150cc segment launches. Scooters grew 18% YoY as Honda’s new Mihir Jhaveri +91 22 6766 3459 Gujarat plant went on-stream in January. Picks: HMCL, EIM, AL.
[email protected] Siddharth Vora UVs surge 21%; momentum to improve further: PV sales for Feb’16 +91 22 6766 3435 grew 2% YoY aided by a 21% growth in UV volumes, while car volumes
[email protected] declined (-4% YoY) for the second month in a row (Jan’16: -1 YoY) after 14 months of growth. The sub-4.4m UV segment grew 39% YoY/4% Model-wise market share change YoY/MoM TTM share Feb-16 YoY MoM Segment MoM during Feb’16 with Hyundai Creta leading the pack at 8.2k units, (%) share (%) (bps) (bps) followed by Mahindra Bolero at 7.4k units (-13% YoY/21% MoM) and Mini Maruti Ertiga at 5.6k units (+3% YoY/-3% MoM). Mahindra’s new Alto 49.6 43.8 -1,044 -322 Wagon R 31.7 29.2 -100 132 compact UVs KUV100/TUV300 sold 4.5k/2.6k units. KWID 5.9 15.5 1,553 241 Compact The mood has swung in favour of UVs amid a slew of new launches, Swift 31.1 32.6 -4 401 Grand i10 19.8 18.8 424 -146 while cars are seeing a lull – a situation paradoxically opposite six Celerio 13.2 10.8 -49 -371 months ago.