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Stocks of major automobile manufacturers are likely to take cues from unveiling of new products at the 12th Auto Expo starting next week. The January sales numbers are also expected to drive the counter in the beginning of the week. The much-awaited Auto Expo has many an expectation to meet as companies are slated to launch a record 70 vehicles during the event, which will open for the media and traders Feb 5-6, and general public Feb 7-11.
Maruti Suzuki India Ltd, Hyundai Motor India, Tata Motors Ltd, Honda Cars India, and the Volkswagen Group are likely to showcase entire range of offerings. India's largest two-wheeler maker Hero MotoCorp is set to display as many as a dozen concept models, as well as the ones ready for commercial production soon.
Stocks of Tata Motors Ltd will track its earnings for the quarter ended December, to be declared on Feb 10. Net sales of the company are likely to grow 33% on year at 610 bln rupees during the reporting quarter. Tata Motors' sales for January are expected to be along its performance in the past few quarters--poor in the domestic market, good in the international market on the back of its subsidiary Jaguar Land Rover's performance. The sales numbers for January will be declared on Saturday. That will help some stocks move at the beginning of the week.
Stocks of major automobile manufacturers are likely to take cues from unveiling of new products at the 12th Auto Expo starting next week. The January sales numbers are also expected to drive the counter in the beginning of the week. The much-awaited Auto Expo has many an expectation to meet as companies are slated to launch a record 70 vehicles during the event, which will open for the media and traders Feb 5-6, and general public Feb 7-11.
Maruti Suzuki India Ltd, Hyundai Motor India, Tata Motors Ltd, Honda Cars India, and the Volkswagen Group are likely to showcase entire range of offerings. India's largest two-wheeler maker Hero MotoCorp is set to display as many as a dozen concept models, as well as the ones ready for commercial production soon.
Stocks of Tata Motors Ltd will track its earnings for the quarter ended December, to be declared on Feb 10. Net sales of the company are likely to grow 33% on year at 610 bln rupees during the reporting quarter. Tata Motors' sales for January are expected to be along its performance in the past few quarters--poor in the domestic market, good in the international market on the back of its subsidiary Jaguar Land Rover's performance. The sales numbers for January will be declared on Saturday. That will help some stocks move at the beginning of the week.
