Auto Sales In August 2023 Live: Hero MotoCorp's Sales Rise 5%, Higher Than Estimates
Here's a look at how India's automakers' sales fared in the month gone by.
Hero MotoCorp's Dispatches Rise 5%, Higher Than Estimates
Hero MotoCorp Ltd.'s sales rose 5.4% year-on-year to 4.89 lakh units in August.
Sales Snapshots (YoY):
Sales of motorcycles rise 4.7% to 4.52 lakh units.
Sales of scooters rise 13% to 36,531 units.
Domestic sales rise 4.7% to 4.73 lakh units.
Exports rise 24.7% to 15,770 units.
Eicher Motors' Royal Enfield Sales Rise 11%
Eicher Motors Ltd.'s total motorcycle sales rose 11% to 77,583 units helped by new launches such as the Hunter 350.
Sales Snapshots (YoY):
Sales of models with engine capacity upto 350cc rise 11% to 69,023 units.
Sales of models with engine capacity expanding 350cc rise 9% to 8,560 units.
Exports rise 13% to 8,190 units.
TVS Motor's Domestic Dispatches Lift Two-Wheeler Sales
TVS Motor Co Ltd.'s total two-wheeler sales grew 5% to 3.32 lakh units helped by the strong dispatches in the domestic market even as exports saw a decline.
The two-wheeler sales rose 7% to 2.57 lakh units in the domestic market, while exports fell nearly 1% to 75,491 units.
Within the two-wheeler segment, scooter sales rose 17% led by electric scooter iQube. The motorcycle sales fell 2.6% to 1.53 lakh units.
Sales Snapshots (YoY):
Total sales rose 4% to 3.46 lakh units.
Total exports fell 6% to 87,515 units.
Three-wheeler sales fell 25% to 13,738 units.
Ashok Leyland's Sales Rise On Strong Heavy Duty Vehicle Dispatches
Ashok Leyland Ltd.'s dispatches to dealerships 10% to 15,576 units as medium and heavy commercial vehicles continued to offset the weakness in the light commercial vehicle category.
Sales Highlights (YoY):
Domestic sales rise 9% to 14,545 units.
Sales of medium and heavy commercial vehicles rose 17% to 9,013 units.
Light commercial vehicle sales fall 2% to 5,532 units.
Tata Motors' CV Sales Rise 2%, PV Sales Fall 3%
Tata Motors Ltd.'s total dispatches to dealerships fell 0.3% to 76,261 units in August as the automaker saw a decline in its passenger vehicle sales.
Sales Snapshots (YoY):
Total commercial vehicle sales rise 1.9% to 32,077 units.
Heavy commercial vehicle sales rise 14.4% to 9,000 units.
Passenger vehicle sales fall 3% to 45,933 units.
Electric passenger vehicle sales up 55% to 6,236 units.
Eicher Motors' Commercial Vehicle Arm's Sales Rise
Eicher Motors Ltd.'s subsidiary VE Commercial Vehicles Ltd.'s dispatches to dealerships rose 29.4% to 6,476 units.
Sales Highlights (YoY):
Domestic sales rose 30.4% to 5,907 units.
Sales of light and medium duty trucks rose nearly 30% to 3,463 units.
Exports fell 8.5% to 332 units.
Maruti Suzuki's Utility Vehicle Sales Drive 14.5% Rise In Overall Dispatches
Maruti Suzuki India Ltd.'s total sales rose 14.5% year-on-year to 1.89 lakh units as dispatches of utility vehicles more than doubled.
However, sales in the mini and compact segment declined 9.7% to 84,660 units.
Sales Snapshots (YoY):
Domestic sales rose 14.5% to 1.64 lakh units.
Exports rose 14.6% to 24,614 units.
Utility vehicle sales grew 118% to 58,746 units.
Hyundai Motor's Dispatches Rise 15% As Exports Jump
Hyundai Motor India Ltd.'s total dispatches to dealerships rose 15% year-on-year to 71,435 units as exports continued to drive the growth.
The company said demand for SUVs contributed more than 60% to the domestic sales in August.
Sales Highlights (YoY):
Domestic sales rose 8.7% to 53,830 units.
Exports rose 38.6% to 17,605 units.
M&M's Passenger Vehicle Sales Jump, Tractor Dispatches Up 1%
Mahindra & Mahindra Ltd.'s passenger vehicle dispatches rose 25% year-on-year to 37,270 units, clocking highest-ever monthly dispatches yet again as the company continues to scale-up production.
"Despite a 9% monsoon deficit at end of August, Kharif sowing is largely on track and has shown an improvement over last year for all key crops except pulses," Hemant Sikka, president of farm equipment sector at M&M, said in a statement.
Sales Snapshots (YoY):
Sales of medium duty light commercial vehicles rose 11% to 18,768 units.
Three-wheeler sales r0se 47% to 7,044 units.
Tractor sales rose 1% to 21,676 units.
Tractor exports fell 26% to 1,029 units.
Bajaj Auto's Domestic Two-Wheeler Sales Fall 31%
Bajaj Auto Ltd.'s total two-wheeler sales fell 20% year-on-year to 2.85 lakh units in August as the domestic dispatches fell nearly one-third. The exports saw a reversal in trend with a growth of 2% in August.
Sales Snapshots (YoY):
Total sales fell 15% to 3.42 lakh units.
Domestic two-wheeler sales fell 31% to 1.61 lakh units.
Two-wheeler exports rose 2% to 1.24 lakh units.
Three-wheeler sales rose 23% to 56,617 units.
Escorts Kubota's Dispatches Fall 8.5% On Uneven Monsoon
Escorts Kubota Ltd.'s overall dispatches to dealerships fell 8.5% year-on-year to 5,593 units as deficient monsoon in some parts of the country.
"With other macro-economic factors remaining intact, if monsoon catches up in September in these regions , tractor demand may witness good pick up in the upcoming festive months," the company said in a statement.
Sales Highlights (YoY):
Domestic sales fell 2% to 5,198 units.
Exports declined 51% to 395 units.
Auto Sales Preview
Indian automakers are announcing their August sales figures on Friday.
Auto dispatches to dealerships got a boost in August as companies looked to build up inventory amid expectations of higher sales during the ongoing festival period.
Passenger vehicle sales are expected to rise on increasing deliveries as supply of semiconductors ease. Two-wheeler sales may benefit from a gradual recovery in the rural markets.
Commercial vehicle sales are also seen higher after a brief period of slow growth during monsoon, while tractor makers are relying on better crop realizations to aid sales.
