Auto Sales In January 2024: Hero MotoCorp's Sales Rise 22% On Strong Domestic Market
Here's a look at how Indian automakers' sales fared in the month gone by.
Hero MotoCorp's Sales Rise 22% On Strong Domestic Market
Hero MotoCorp Ltd.'s total sales rose 22% to 4.34 lakh units in January as dispatches in domestic market remained strong amid a gradual recovery in demand.
Sales Snapshots (YoY):
Domestic sales rose 20.5% to 4.21 lakh units.
Motorcycle sales grew 20.5% to 4.02 lakh units.
Scooter sales 37% to 31,542 units.
Exports surged 75% to 12,664 units.
TVS Motor's Two-Wheeler Sales Grow 25%, Three-Wheeler Dispatches Dip
TVS Motor Co.'s total two-wheeler dispatches to dealerships rose 25% to 3.30 lakh units with growth in both domestic and overseas markets.
Sales Highlights (YoY):
Total sales rose 23% to 3.40 lakh units.
Domestic two-wheeler sales rose 24% to 2.68 lakh units.
Two-wheeler exports grew 28% to 61,704 units.
Three-wheeler sales fell nearly 1% to 9,576 units.
Eicher Motors' Royal Enfield Sales Rise 2%
Eicher Motors Ltd.'s total motorcycle sales rose 2% even as the dispatches of the comparatively affordable models dipped.
Sales Snapshots (YoY):
Sales of models with engine capacity up to 350cc fell 1% to 67,620 units.
Sales of models with engine capacity exceeding 350cc rose 31% to 8,567 units.
Exports fell 20% to 5,631 units.
Ashok Leyland's Dispatches Fall On Lower Truck Sales
Ashok Leyland Ltd.'s total dispatches to dealerships fell 7% to 15,939 units as truck sales fell sharply.
Sales Highlights (YoY):
Total medium and heavy commercial vehicle sales fell 8% to 10,218 units.
Light commercial vehicle sales fell 7% to 5,721 units.
Eicher Motors' Commercial Vehicle Arm's Sales Fall
Eicher Motors Ltd.'s subsidiary VE Commercial Vehicle Ltd.'s dispatches to dealerships fell 1.6% to 7,066 units in January.
Sales Highlights (YoY):
Domestic sales fell 4% to 6,503 units.
Exports grew 77% to 355 units.
