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Car Sales Surge in India – Analyst Blog

Source: http://www.zacks.com/stock/news/18231/Car+Sales+Surge+in+India+-+Analyst+Blog
 Posted on Monday, March 16th, 2009 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -

Highlights include Honda Motor Co., Ltd. (HMC), Toyota Motor Corp. (TM), Nissan Motor Co., Ltd. (NSANY) and General Motors Corp. (GM).

Indian Car Sales Surge, European Sales Drop – But Not as Fast as U.S.

More car sales indicate that growth in India and China is continuing, while sharp drops are being seen in the U.S., Europe and Japan. European registrations dropped 18%, following a 27% drop in January.

Indian sales increased 22%, following 4 months of declines. This is due to some easing of credit in India (interest rates are still 10%), tax cuts aimed to increase car ownership, new models launched that spurred some interest and strong personal income growth.

Both India and China are starting to see improvements in the auto market. Perhaps the rest of the world can start to follow. Honda Motor Co., Ltd. (HMC), Toyota Motor Corp. (TM) and Nissan Motor Co., Ltd. (NSANY) are set to most benefit from the India/China trends, followed by General Motors Corp. (GM).

Read the full analyst report on “HMC”
Read the full analyst report on “TM”
Read the full analyst report on “NSANY”
Read the full analyst report on “GM”
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No Responses to “Car Sales Surge in India – Analyst Blog”

  1. KnowYourProfit Says:
    April 13th, 2009 at 6:57 am

    This blog is nice and informative,its our pleasure to post a comment on this blog created by the webmaster

    Now as such we had seen in the month of Feb’09 that volitality was very much there considering the various factors deciding the movement of the Indian Stock Market

    Now in the coming Month of March’09 which is also the year’s closing period,also the important Policies would might be declared around the world will be deciding the movement of Indian Stock Market

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