International Journal of Management (IJM)

Source ID:00000011
Volume 9, Issue 4,July - August 2018, Pages 14-23, Page Count - 10

FINANCIAL PERFORMANCE OF SELECTED AUTOMOBILE COMPANIES

G. Kanagavalli (1) R. Saroja Devi (2)

(1) Assistant Professor, Department of Commerce, Alagappa University, Karaikudi, Tamilnadu, India.
(2) Ph.D Research Scholar, Department of Commerce, Alagappa University, Karaikudi, Tamilnadu, India.

Manuscript ID:- 00000-51033
Access Type : Open Access
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Cite this article:G. Kanagavalli,R. Saroja Devi,  Financial Performance Of Selected Automobile Companies, International Journal of Management(IJM), 2018, 9(4), PP.14-23

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Abstract

The Indian auto industry became the fourth largest in the world with sales increasing 9.5 per cent year-on-year to 4.02 million units (excluding two wheelers) in 2017. It was the 7th largest manufacturer of commercial vehicles in 2017. The Two Wheelers segment dominates the market in terms of volume owing to a growing middle class and a young population. Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector. India is also a prominent auto exporter and has strong export growth expectations for the near future. Overall automobile exports from India grew at 6.86 per cent CAGR between FY13-18. The present paper measures the financial performance of major selected automobile companies for the period of 5 years from 2013-2017 by using ratio analysis. The purpose of the study is to evaluate and compare the financial performance of selected three companies to rate their financial performances. The aim of the study is to analyze by comparing the risk of different companies, on their strengths and weaknesses.
Author Keywords
Financial performance Automobile Industry Ratios.
Index Keywords
Profit level utilization fixed assets working capital.


ISSN Print: 0976-6502 ISSN Online: 0976-6510
Source Type: Journals Document Type: Journal Article
Publication Language: English DOI:
Abbreviated Journal Title: IJM Access Type: Open Access
Publisher Name: IAEME Publication Resource Licence: CC BY-NC
Major Subject:Social Sciences and Humanities Subject Area classification: Economics, Econometrics and Finance
Subject area: Finance Source: SCOPEDATABASE