Auto Sales In September 2023 Live: Bajaj Auto Two-Wheeler Sales Fall 6% On Higher Base
Here's a look at how India's automakers' sales fared in the month gone by.
Bajaj Auto Two-Wheeler Sales Fall 6% On Higher Base
Bajaj Auto Ltd.'s two-wheeler dispatches to dealerships fell 6% year-on-year to 3,27,712 units in September on a higher base of last year.
In the same month last year, the company raised dispatches to build-up dealer inventory after a severe shortage of semiconductors depleted its channel inventory in the earlier months.
Sales Snapshots (YoY):
Total sales fell 1% to 3,92,558 units.
Domestic two-wheeler sales fell 9% to 2,02,510 units.
Two-wheeler exports flat at 1,25,202 units.
Sales of commercial vehicles rise 40% to 64,846 units.
Escorts Kubota's Dispatches Fall On Uneven Monsoon
Escorts Kubota Ltd.'s sales fell 11% year-on-year to 10,861 units as uneven monsoon across regions hit demand.
Sales Highlights (YoY):
Domestic sales fell 11.2% to 10,114 units.
Exports fell 11.9% to 747 units.
Ashok Leyland's Sales Rise On Higher Heavy Duty Vehicle Dispatches
Ashok Leyland Ltd.'s total dispatches to dealerships rose 9% year-on-year to 19,202 units in September as strong growth momentum continued in the medium and heavy commercial vehicle segment.
Sales Highlights (YoY):
Total M&HCV sales rose 13% to 12,752 units.
Light commercial vehicle sales rose 3% to 6,450 units.
Domestic sales rose 10% to 18,193 units.
Hero MotoCorp's Sales Rise 3%, Beat Estimates
Hero MotoCorp Ltd.'s total two-wheeler dispatches to dealerships rose 3.2% to 5,36,499 units in September, beating analysts' estimates of flat or a decline in sales.
Sales Highlights (YoY):
Sales of motorcycles rose 3% to 4,94,270 units.
Sales of scooters rose 6% to 42,229 units.
Domestic sales rose 2.4% to 5,19,789 units.
Exports rose 36% to 16,710 units.
TVS Motor's Two-Wheeler Dispatches Rise 7%
TVS Motor Co Ltd.'s total two-wheeler dispatches to dealerships rose 7% year-on-year to 3.62 lakh units in September as sales grew in both domestic and overseas markets.
The company sold 20,356 units of iQube electric scooter in the month, as compared with 4,923 units last year.
Sales Highlights (YoY):
Total sales rose 6% to 4.03 lakh units.
Domestic two-wheeler sales rose 6% to 3 lakh units.
Two-wheeler exports grew 11% to 86,462 units.
Three-wheeler sales fell 15% to 15,598 units.