In terms of Value, the company has achieved gross turnover of Rs 107.75 Crs in May 2017 Vs 125.47 Crs in May 2016, there by recording a drop of 17% and achieved Net turnover of Rs.94.49 Crs in May 2017 Vs Rs. 112.61 Crs in May 2016, recording a drop of 16%. The drop was only due to the adjustment in commercial vehicle volume adjustment for BS-IV, which is expected to pick up in June 2017 onwards the production started picking up from mid May end 2017.
Segment wise Breakup of growth
|Segment||May Growth (YoY)|
|2 & 3 Wheelers||+17%|
Passenger car segment grew 3% in May 2017 YoY. The PV volumes grew by 3% with PV segment and are expected to grow at moderate pace till GST implementation is done in June End due to taxation impact.
Domestic Tractor segment volumes grew by 13% in May 2017 YoY. The tractor segment saw highest sales ever for the company and is expected to be extremely robust going into normal monsoon conditions.
LCV & MHCV segment volumes dropped by 56% YoY in May 2017. The CV segment saw a drop in May 2017 due to BS-IV migration issue which happened in March 2017 due to part unavailability from engine side. The conversion is taking time due to engine part shortage and is expected to be over by now and normalization has come into June schedule.
2&3 wheelers segment grew by 17% in May 2017 YoY. This segment saw the rebound as expected in May 2017 post demonetization and we expect good double digit growth in this segment in coming months on the back of volume surge from electric vehicles.
Exports volumes dropped by 24% in May 2017. Exports shipments were down 24% in May 2017. The exports fell due to holiday season starting in European region and will resume from July 2017 .