Auto Sales In October 2023: Royal Enfield's Sales Rise 3% Despite Fall In Exports

Here's a look at how India's automakers' sales fared in the month gone by.

<div class="paragraphs"><p>Eicher Motors Ltd.'s Royal Enfield bike. (Source: pexels /Akash Talan)</p></div>
Eicher Motors Ltd.'s Royal Enfield bike. (Source: pexels /Akash Talan)
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Eicher Motors' Royal Enfield Sales Rise 3%

Eicher Motors Ltd.'s total motorcycle sales rose 3% to 84,435 units even as shipments to overseas markets fell in the month.

Sales Snapshots (YoY):

  • Sales of models with engine capacity upto 350cc rose 2% to 76,075 units.

  • Sales of models with engine capacity exceeding 350cc rose 13% to 8,360 units.

  • Exports fell 39% to 3,477 units.


Ashok Leyland's Dispatches Rise With Uptick In Light Duty Vehicle Sales

Ashok Leyland Ltd.'s total sales rose 13% year-on-year to 16,864 units with growth across categories.

While the medium and heavy commercial vehicle segment did the heavy lifting to boost company's sales in the past few months, the light commercial vehicle sales showed a uptick in October.

Sales Snapshots (YoY):

  • Total medium and heavy commercial vehicle sales rose 12% to 10,185 units.

  • Light commercial vehicle sales rose 15% to 6,679 units.

TVS Motor's Two-Wheeler Sales Rise 22%, Beat Estimates

TVS Motor Co.'s two-wheeler sale rose 22% to 3.44 lakh units, beating analysts' consensus )estimates that projected a growth of 17%.

The company sold 20,153 units of iQube electric scooter, as against sales of 8,103 units last year.

Sales Snapshots (YoY):

  • Total sales rose 21% to 4.35 lakh units.

  • Domestic two-wheeler sales rose 25% to 3.45 lakh units.

  • Two-wheeler exports grew 10% to 75,653 units.

  • Three-wheeler sales fell 11% to 14,104 units.


Hero MotoCorp's Dispatches To Dealerships Jump 26.5% 

Hero MotoCorp Ltd.'s total dispatches to dealerships rose 26.5% to 5.75 lakh units in October.

Sales Highlights (YoY):

  • Sales of motorcycles rose 26% to 5.29 lakh units.

  • Scooter sales rose 30% to 45,589 units.

  • Domestic sales rose 26% to 5.60 lakh units.

  • Exports grew 29% to 15,164 units.

Maruti Suzuki's Sales Near 2-Lakh Mark

Maruti Suzuki India Ltd.'s total dispatches to dealerships jumped 19% to 1.99 lakh units, which is the highest-every monthly sales for the company.

The decline in dispatches of cars in the mini and compact segment moderated in the month, boosting the overall sales.

Sales Snapshots (YoY):

  • Total domestic sales rose 20.5% to 1.77 lakh units.

  • Sales in mini and compact segment fell 3.4% to 98,621 units.

  • Utility vehicle sales surged 91% to 59,147 units.

  • Exports rose 7.4% to 21,951 units.