Auto Sales In February 2024: Maruti Suzuki's Dispatches Rise 15% Led By SUVs, Exports
Here's a look at how Indian automakers' sales fared in February.
Maruti Suzuki's Dispatches Rise 15% Led By SUVs, Exports
Maruti Suzuki India Ltd.'s dispatches rose 15% to 1.97 lakh units in February as exports jumped and utility vehicle sales maintained a healthy momentum.
Sales Snapshots (YoY):
Total domestic dispatches rose 9% to 1.69 lakh units.
Sales in mini and compact segment fell 15% to 86,409 units.
Utility vehicle sales grew 83% to 61,234 units.
Exports jumped 68% to 28,927 units.
Eicher Motors' Commercial Vehicle Arm's Sales Rise
Eicher Motors Ltd.'s subsidiary VE Commercial Vehicle Ltd.'s dispatches to dealerships rose 1.9% to 7,424 units.
Sales Highlights (YoY):
Domestic sales rose 1.9% to 6,930 units.
Exports grew 5% to 316 units.
TVS Motor's Two-Wheeler Sales Rise Across Markets
TVS Motor Co.'s two-wheeler sales rose 34% year-on-year to 3.58 lakh units in February as local dispatches jumped and exports nearly doubled.
Sales Highlights (YoY):
Total sales rose 33% to 3.68 lakh units.
Domestic two-wheeler sales grew 21% to 2.68 lakh units.
Two-wheeler exports jumped 98% to 90,308 units.
Three-wheeler sales rose 16% to 10,614 units.
Ashok Leyland's Dispatches Fall On Lower Truck Sales
Ashok Leyland Ltd.'s dispatches fell 6% to 17,464 units in February as sales of trucks fell with orders slowing down before general elections.
Sales Highlights (YoY):
Total medium and heavy commercial vehicle sales fell 10% to 11,369 units.
Light commercial vehicle sales rose 3% to 6,095 units.
Tata Motors' Car Sales Jump, Truck Sales Fall 4%
Tata Motors Ltd.'s total dispatches to dealerships rose 9% to 84,834 units in February with rise in passenger vehicle sales offsetting the decline in commercial vehicle dispatches.
Sales Highlights (YoY):
Passenger vehicle sales grew 19% to 51,321 units.
Electric passenger vehicle sales rose 30% to 6,923 units.
Total commercial vehicle sales fell 4% to 35,085 units.
Heavy commercial vehicle sales fell 15% to 10,091 units.
Small commercial cargo and pickup vehicle sales declined 4% to 13,701 units.
