Auto Sales In June 2022 Live: Hero MotoCorp Volumes Rise 3%, Royal Enfield Sales Jump 44%
From Maruti Suzuki to Bajaj Auto, leading automakers are reporting their sales figures for June 2022. Catch all the details here.
Sales in most segments of India's automotive industry is expected to be muted in June, both over the last year and sequentially, even as the chip supply pain starts to ease for automakers.
Factory-gate shipments of carmakers, barring Tata Motors Ltd., fell month-on-month in June, according to data compiled from research reports of Emkay Global, Jefferies, and Motilal Oswal.
Wholesales rose over a year earlier on a low base as the industry was recovering from the second wave of pandemic-induced lockdowns in the country.
Two-wheeler sales volumes in June are expected to rise over the previous month, barring Hero MotoCorp Ltd. In the commercial vehicle segment too, the analysts are seeing subdued demand.
Here's a look at the auto sales in June 2022, as reported by the companies:
Hero MotoCorp Sales Rises 3% In June
Hero MotoCorp's sales rose 3.34% yoy to 4,84,867 units in June.
"The growth in volumes indicate the continuously improving consumer sentiment and the company expects the positive trend to continue in the coming months, on the back of a decent monsoon, and encouraging farm activity," it said in a statement.
Sales Snapshot (YoY)
Domestic motorcycle sales rose 4.5% yoy to 4,61,421 units in June.
Domestic scooter sales fell 15% to 23,446 units in June.
Exports fell 29.3% to 21,657 units in June.
Eicher's Royal Enfield Sales Rises 44%
Eicher Motors' total motorcycle sales rose 44% to 72,594 units in June 2022.
Sales Snapshot (YoY)
Domestic sales rose 43% to 61,407 units
Exports rose 54% to 11,142 units
Mahindra & Mahindra's Passenger Vehicles Rises 59%
Mahindra & Mahindra sold 54,096 vehicles in June 2022.
The domestic passenger car sales grew 59% year-on-year to 26,880 units in June 2022.
Sales Snapshot (YoY)
Domestic commercial vehicles sales grew 61% to 20,431 units.
Domestic three-wheeler sales, including electric three wheeler rose 434% to 4,008 units.
Exports rose 7% to 2,777 units
TVS Motor Company Sales Rises 22% In June
TVS Motor Company registered a growth of 22% in June 2022 with sales of
308,501 units as against 251,886 units in the corresponding month of last year.
"The shortage in the supply of semiconductors has impacted the production and sales of premium two-wheelers," the company said in an exchange filing. "We are working aggressively with alternate sources and taking every effort to improve supplies at the earliest. Some improvement has been seen this month."
Sales Snapshot (YoY)
Exports rose 8% to 114,449 units in June 2022
Total two-wheelers sales grew 23% to 293,715 units
Three-wheeler sales grew by 7% to 14,786 units
Domestic sales includes sales of EV that recorded its highest ever sales of 4,667 units, a 77% growth over May 2022.
Tata Motors Car Segment Sells Record Units In June
Sale of Tata Motors Ltd.'s passenger vehicle segment rose 87% over the same period last year to 45,197 units in June 2022, according to an exchange filing.
"For the month of June’22, sales were highest ever," the company said in a statement, adding that it expects the supply side, including that of critical electronic components to progressively improve going ahead.
Sales Snapshot (YoY)
Overall, Tata Motors' sales rose 82% to 79,606 units.
Tata Motor's commercial vehicle sales rose 69% to 37,265 units.
