After raising hopes of a turnaround with a healthy 21 per cent growth in February, car makers, with the exception of Maruti and Mahindra & Mahindra (M&M), saw sales slide in March, dashing hopes of a turnaround in this bellwether industry.
Maruti Suzuki, the country’s largest car maker, continued its three-month dream run by notching up a 15 per cent jump in domestic sales in March. Maruti’s March sales follow a 19 per cent growth in February, when it sold record 70,625 cars — the highest ever by the company. In March 2008, the car maker sold over 64,000 cars.
Hyundai, the country’s second-largest car maker, was unable to maintain the sales momentum of a 45.3 per cent growth in February. March sales fell nearly 16 per cent to just 24,754 cars. Meanwhile, Tata Motors may be gung-ho after the launch of the Nano, the world’s cheapest car, but its sales fell 4 per cent, with the company selling 23,680 units in the domestic market. The company had fared much better in February, with sales growing 1.4 per cent
Unlike February, new models have not been able to halt falling sales for premium car maker Honda Siel. The company saw sales fall over 17 per cent in March, when it sold 7368 units. However the company claims it has grown 32 per cent over the previous month by selling 7,368 units in March 2009 against 5,579 units in February.
Meanwhile, buoyed by the success of the Xylo, M&M saw its passenger utility vehicle sales grow 30 per cent growth over March 2008. Domestic utility vehicles have grown 30 per cent on the back of the highest-ever sales for the Scorpio, Bolero and the Pik-Up. However, sales of Mahindra Renault’s
| Company Name | CMP |
|---|---|
| Maruti Suzuki | 10904.75 |
| Mahindra & Mahindra | 2906.40 |
| Hyundai Motor India | 1764.75 |
| Mercury Metals | 88.11 |
| Hindustan Motors | 25.10 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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