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Industry Update Back

Automobiles: Jan-18 dispatch above est at 353k (est. 299k); +46

02-Feb-2018

BJAUT's Jan-18 sales at 353.1k units (above est. of 299k units), were higher by 46% YoY. Domestic volume increased by 49.6% YoY to 202.2k (est. 162k) while exports increased 41.4% YoY to 151k (est. 137k). Overall FY18 volume est. is at 3.92m, asking for a residual monthly run rate of 301.2k units.
Overall motorcycle volumes increased by 36.4% YoY . Domestic motorcycle dispatches increased by ~36% YoY to 163k. Motorcycle exports grew ~37% YoY to 125.8k units.
3W volumes remained strong with overall volume growing 113% YoY. Domestic 3Ws volume continued their positive growth trajectory at 39.1k units, growing 154% YoY. 3W exports at 25.1k units grew 71% YoY.
The company launched the New Discover 110, Discover 125, all new Avenger Cruise 220 and Avenger Street 220 in Jan-18. It expects to improve market share in the domestic market led by these launches.

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