The auto companies came out with their sales numbers, commenting on the same, Amar Ambani, Head of Research, IIFL, said, “The two wheeler segment showed good performance in October 2015 on account of the festive season. TVS Motors saw a robust volume growth of 13.9% yoy during the month. While, passenger vehicles like Maruti Suzuki, reported 24.7% yoy growth in domestic sales. Commercial vehicles growth moderated, Tata Motors reported 20.8% yoy increase in its M&HCV volumes, Ashok Leyland saw a 22.9% yoy growth in volumes. Tractors showed dismal trend, sales were under pressure owing to weak rural demand. M&M saw 12%yoy decline in tractor sales for the month.”
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