Monday, January 5, 2009

Q3FY2009 Auto earnings preview: Sharekhan Special dated January 05, 2009


Q3FY2009 Auto earnings preview

The macro-economic factors affecting the industry are not showing any signs of recovery. However, the government and the automobile companies are undertaking quite a few measures to improve automobile sales. Interest rates have started declining but banks are still reluctant to lend to the sector. In all probability, the third quarter of FY2009 is going to be the worst quarter for the industry and things should start improving from the fourth quarter onwards. The decline in commodity prices should provide some relief from the next quarter onwards. We prefer four-wheelers and two-wheelers, and maintain our cautious view of the CV segment.

Click here to read report:  Sharekhan Special

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