Fiat/Peugeot led European Union autos with a 17-month high as Fiat significantly outperformed European Union autos, but this whole space is buoyed by emerging markets demand combined with the model refresh cycle in domestic markets.
Auto manufactures typically run with the herd as auto manufacturers attempt provide consumer what they want or what they didn’t know they wanted. When one auto manufacturer raises prices the herd follows. Not so for Tata Motors (TTM, quote)where many auto manufacturers have raised prices or currently thinking about raising prices Tata motors is setting themselves apart by re-launching its compact car Indica eV2 with a new updated fresh look while lowering the price by 23,000 Rs.
While many other Indian equities have a large, concentrated exposure to either the slowing developing countries or their own domestic economy (INDY, quote), Tata Motors (TTM, quote) offers investors access to the Indian economy without the problems plaguing other stocks thanks to its global diversification.
With the Association of Indonesian Automotive Manufacturers (Gaikindo) projecting auto sales in Indonesia will hit 875,000 units this year, and manufacturers Toyota (TM, quote), Honda (HMC, quote), Nissan (NSANY, quote), Suzuki (SZKMF, quote) and Daihatsu (DHTMY, quote) posting robust sales, tire maker Goodyear Indonesia is coming along for the ride.
Toyota (TM, quote) sells 37.8% share of Indonesia cars and is now looking to turn the country into an export hub. PT Toyota Motor Manufacturing Indonesia, the automaker’s subsidiary in the archipelago, has announced that its exports have nearly doubled during the first half of 2012, riding high on strong demand from the Middle East.