Dec 27, 2006

Sector Update -- Auto Space - 4 Wheelers

In past few year demand for car has been on the rise. Auto companies are coming out with new model in all the segments to attract customer.

Last year Maruti came out with its Swift model which gave a super boost to its sales numbers and thus increasing its profit.

Tata on the other hand where riding high with success of its Indica and posted sales number above market estimates.

Mahindra & mahindra came out with Scorpio Variant & saw good contribution from its tractor business. They are planning to launch Logan,which is in joint venture with french auto maker Renault.

The auto space will outperform in the market in coming year seeing the increasing demand for cars.

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