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Jul 6, 2016

TRUCKS MARKET * India: A temporary blip?

* Mumbai - Truck sales hit a roadblock; a temporary blip?
--- Post-monsoon trends in sales and freight rates would be key to chart out the earnings trajectory for truck makers such as Ashok Leyland, Tata Motors... Amid these worrying signs, light commercial vehicles sales growth has been more stable, perhaps because the recovery in that segment was delayed when compared with trucks... Stock prices of Ashok Leyland and Tata Motors have been wobbly in the last couple of months, although they had outperformed the other auto segments through the recovery...
(Photo: Mint - Stock prices of Ashok Leyland and Tata Motors have been wobbly in the last couple of months, although they had outperformed the other auto segments through the recovery) -- Mumbai, India - Live Mint, by Vatsala Kamat - Jul 04 2016

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