{"id":394,"date":"2019-10-24T12:25:37","date_gmt":"2019-10-24T12:25:37","guid":{"rendered":"http:\/\/www.assetmultiplier.co.in\/blog\/?p=394"},"modified":"2019-10-29T10:54:55","modified_gmt":"2019-10-29T10:54:55","slug":"festive-season-a-hope-for-automakers","status":"publish","type":"post","link":"https:\/\/www.assetmultiplier.co.in\/blog\/2019\/10\/24\/festive-season-a-hope-for-automakers\/","title":{"rendered":"Festive season: A hope for automakers"},"content":{"rendered":"\n<p><strong>Update&nbsp;on the Indian Equity Market:<\/strong><\/p>\n\n\n\n<p>On Wednesday, NIFTY closed 0.1% higher. Among sectoral indices NIFTY PSU Bank (+2.1%), NIFTY Auto (+1.3%), NIFTY IT (+1.0%)\u00a0closed higher while NIFTY Media\u00a0(-1.3%), NIFTY Realty (-0.9%), NIFTY Metal (-0.3%) ended on a negative note.\u00a0The biggest gainers were\u00a0HCL tech (+3.5%), Eicher Motors (+2.5%), Infosys (+2.3%) whereas Adani Ports (-6.1%), Bharti Airtel (-3.7%), Zeel (-3.4%) ended with high losses.<\/p>\n\n\n\n<p><span style=\"text-decoration: underline;\">Excerpts from an interview of Mr Vinkesh Gulati, Vice President FADA (Federation Of Automobile Dealers Association)<\/span><\/p>\n\n\n\n<ul><li>The entire auto sector in our country has shown a downturn. With all major OEM\u2019s showing a decline in number, it is the festive season which gives hope to automakers.<\/li><li>Mr Gulati says sentiment during festive season goes up and enquiries start to come in. Passenger vehicle (PV) segment is showing similar signs this year too.<\/li><li>It is expected that better conversions will happen as compared to the last six months.<\/li><li>He says the two-wheeler market is not showing good signs. The overall situation in the two-wheeler market is grim.<\/li><li>In the past year, the passenger vehicle (PV) segment has shown decline of 8-10 percent. This year the expected decline is less 1-2 percent or similar as last year.<\/li><li>The two-wheeler segment is expected to degrade and continue to decline around 8-12 percent.<\/li><li>Mr Gulati says the reason behind the decline of the 2-wheeler segment is because it is a reflection of rural and semi-urban market sentiment.<\/li><li>2 wheelers segment is majorly based in the rural and semi-urban market and the sentiment there is still not changed. Rural market is still not picking up festive hype.<\/li><li>He says Automakers are offering steep discounts to increase sales and the festive season is the best time to buy.<\/li><li>Speaking on the discount front, he says, discounts are similar to what they were in Navratri. Furthermore, discount is given by dealers on their own to liquidate their inventory.<\/li><li>From December onwards it is expected that all OEM\u2019s will come out with their BS-VI variants and again during December there will be discounts on BS-IV to liquidate inventory.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Update&nbsp;on the Indian Equity Market: On Wednesday, NIFTY closed 0.1% higher. Among sectoral indices NIFTY PSU Bank (+2.1%), NIFTY Auto (+1.3%), NIFTY IT (+1.0%)\u00a0closed higher while NIFTY Media\u00a0(-1.3%), NIFTY Realty (-0.9%), NIFTY Metal (-0.3%) ended on a negative note.\u00a0The biggest gainers were\u00a0HCL tech (+3.5%), Eicher Motors (+2.5%), Infosys (+2.3%) whereas Adani Ports (-6.1%), Bharti Airtel [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[42,136],"_links":{"self":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/394"}],"collection":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/comments?post=394"}],"version-history":[{"count":1,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/394\/revisions"}],"predecessor-version":[{"id":395,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/394\/revisions\/395"}],"wp:attachment":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/media?parent=394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/categories?post=394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/tags?post=394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}