>AUTOMOBILE SECTOR (INDIA INFOLINE)

Maruti: Growth across categories except M800
Maruti reported a 8.9% yoy rise in domestic volumes, driven by growth across all categories except for Maruti 800 which registered a fall 0f 47.4% yoy. A3 category lead the growth with 68.8% yoy jump in volumes drven by strong response to Swift DZire. Our channel checks have indicated at 1.5-2 months waiting period for petrol variants of the model. A2 category, which account for about 73% of volumes, reported 8.6% yoy growth owing to continued success of Swift model and pick up in volumes of A-Star Exports jumped 146% backed by robust volumes for A-Star in the European market.

Mahindra & Mahindra: UV volumes remain strong
M&M registered 14.8% yoy growth in total automative volumes during April 2009. The growth was lead by 36% jump UV volumes owing to sales of 3,509 units of its new model XYLO. 3-wheeler volumes fell 11.1% yoy. Volumes of Mahindra Logan continue to fall precpitously and were at 550 units in April'09 as against 1,713 units in April'08. LCV and export volumes declined by 16.5% yoy and 39.3% yoy respectively.

Tata Motors: Domestic volumes rise yoy after 7 months
Tata Motors reported 4.5% yoy rise in its total domestic volumes. On a yoy basis, volumes plunged across all categories except for passenger cars and LCV. While passenger car volumes increased 10.8% yoy, LCV volumes jumped 51.7% yoy. Its M&HCV volumes nosedived by 28.4% yoy, whereas exports and UVs plummeted 45.3% and 39.5% yoy respectively.

Two-Wheelers : Hero Honda continues to rule
Amongst the two wheelers, Hero Honda continued with its dominance with a 29.5% yoy increase in volumes in comparison to 2.9% yoy growth for TVS Motors and 23.8% yoy fall for Bajaj Auto. On a mom basis, Hero Honda reported a 4.9% yoy growth in volumes.

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