Auto Sales In December 2022: M&M Sales Rise, TVS Motor Dispatches Fall On Weak Exports
Auto Sales In December 2022: Here's a look at which automaker sold how much in the month gone by.
TVS Motor Two-Wheeler Dispatches Fall 3%
TVS Motor Co Ltd.'s two-wheeler dispatches rose 3% year-on-year to 2.28 lakh units in December due to lower sales in the overseas markets.
Sales Highlights (YoY):
Total vehicle sales fell 3.6% to 2.42 lakh units.
Motorcycle sales fell 6.7% to 1.25 lakh units.
Scooter dispatches rose 14% to 76,766 units.
Exports fell 23% to 79,402 units.
M&M Car Sales Up 61%, Tractor Dispatches Rise 27%
Mahindra & Mahindra Ltd.'s total passenger vehicle sales jumped 61% year-on-year to 28,445 units in December. The total tractor sales rose 27% to 23,243 units, with 30% growth in the domestic sales.
Sales Snapshots (YoY):
Medium duty light commercial vehicle dispatches rose 29% to 16,170 units.
Three-wheeler sales more than doubled to 5,052 units.
Tractor exports rose 1% to 1,603 units.
The company said it will keep a close watch on the dynamic supply chain situation amid continuing international disruptions and increasing coronavirus cases.
"Rabi crop sowing has progressed very well and is higher than last year acreage and also higher than the average of last 5 years. Wheat and oil seeds are expected to be bumper harvest," Hemant Sikka, president of farm equipment sector at the company, said in a statement.
The strong Rabi sowing, good kharif procurement and likely exports of wheat, is keeping the sentiment upbeat in the farming sector, leading to strong demand for tractors and farm implements, he said.
Hero MotoCorp's Sales Flat In December On Lower Exports
Hero MotoCorp Ltd.'s dispatches to dealerships remained flat at 3.94 lakh units in December due to lower exports.
Sales Highlights (YoY):
Domestic sales rise 1.8% to 3.81 lakh units.
Total motorcycle sales fell 5.3% to 3.57 lakh units.
Scooter sales surged 109% to 37,430 units.
Exports fell 37% to 12,814 units.
The upcoming marriage and festive season in many parts of the country, and with the continuously improving consumer sentiment on account of favorable macro-economic indicators, the company expects a positive momentum to build up from the fourth quarter onwards, it said in a press release.
Weak Exports Remain A Drag On Bajaj Auto's Sales
Bajaj Auto Ltd.'s sales fell 22% year-on-year to 2.81 lakh units as deep cuts in exports remained a drag on the overall tally.
Sales Highlights (YoY):
Total domestic sales rose 2% to 1.49 lakh units.
Two-wheeler dispatches dive 23% to 2.47 lakh units.
CV sales fell 21% to 34,462 units.
Exports decline 39% to 1.33 lakh units.
Ashok Leyland’s Dispatches Surge 45% With Growth Across Segments
Ashok Leyland Ltd.’s dispatches to dealerships jumped 45% year-on-year to 18,138 units in December with strong showing in both truck and bus categories. The sales grew 24.6% compared to the sales in November.
Sales Snapshots (YoY):
Total domestic sales rose 49% to 17,112 units.
Total sales of trucks jumped 54% to 10,143 units.
Dispatches of buses more than doubled to 2,119 units.
Sales of light commercial vehicles rose 20% to 5,876 units.
