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Passenger vehicle and two-wheeler manufacturers are likely to see a strong inquiry pipeline. Conversion is expected to continue as a key demand driver following the GST cut. The ongoing wedding season is also expected to contribute to the retail momentum.
Passenger vehicles are expected to grow by 22%. 30% growth is expected in two-wheelers. Commercial vehicles are expected to grow by 12%. According to, tractor sales are expected to grow by 18% Nomura
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In the two-wheeler segment, Bajaj Auto’s sales are expected to grow 15% year-on-year to 3.71 lakh units as compared to 3.23 lakh units. Hero MotoCorp’s sales are expected to grow 26% year-on-year to 4.1 lakh units as compared to 3.25 lakh units.
TVS Motor sales are expected to grow 23% year-on-year to 3.96 lakh units as compared to 3.22 lakh units. According to CNBC-TV18 poll, Royal Enfield sales are expected to grow 24% year-on-year to 98,333 units as compared to 79,466 units.
In the four-wheeler segment, Maruti Suzuki sales are expected to grow 19% year-on-year to 2.12 lakh units as compared to 1.78 lakh units. Hyundai sales are expected to grow 14% year-on-year to 62,667 units compared to 55,078 units.
Mahindra & Mahindra Auto sales are expected to grow 22% year-on-year to 85,067 units as compared to 69,768 units. Tata Motors’ passenger vehicle sales are expected to grow 17% year-on-year to 51,667 units as compared to 44,289 units.
Tata Motors’ commercial vehicle sales are expected to grow 14% year-on-year to 38,550 units as compared to 33,900 units. Ashok Leyland sales are expected to grow 17% year-on-year to 19,767 units compared to 16,957 units.
Mahindra & Mahindra tractor sales are expected to grow 15% year-on-year to 26,433 units as compared to 22,943 units.