Hero MotoCorp registered a growth of 18% in sale of motorcycles and scooters in October 2024 over the corresponding month of the previous fiscal.
"This significant growth was primarily driven by robust demand from key urban and rural areas, particularly in the 100cc and 125cc segment during the festive period," the company said.
Here's a breakup (YoY):
Total sales up 18% at 6.79 lakh units .
Scooter sales down 5% at 43,304 units.
Domestic sales up 17% at 6.57 lakh units.
Exports up 43% at 21,688 units.
Diwali Muhurat Trading 2024: Nifty, Sensex Snap Two–Day Fall In Samvat 2081 Session
Total two-wheeler sales of TVS Motor grew by 14%, rising from 4,20,610 units in October 2023 to 4,78,159 units in October 2024. Domestic two-wheeler sales increased by 13%, from 3,44,957 units to 390,489 units.
Motorcycle sales also saw a 14% increase, climbing from 201,965 units in October 2023 to 230,822 units in October 2024. Meanwhile, scooter sales registered a growth of 17%, rising from 165,135 units in October 2023 to 193,439 units in October 2024.
Three-wheeler registered sales of 10,856 units in October 2024 as against 14,104 units in October 2023, TVS Motor said.
TVS Motor Q2 Results: Profit At Record High Yet Misses Estimates
Hyundai India Says Small Cars Not Forgotten Amid SUV Overdrive
Hyundai Motor India To Invest Rs 6,000 Crore In Talegaon Facility For Growth Expansion
Also read why Emkay Global sees potential in Escorts Kubota stock here.
VE Commercial Vehicles Ltd, a joint venture between the Volvo Group and Eicher Motors Ltd, saw a 5% decline in sales at 7,112 units in October.
Domestic sales fell 6.6% to 6,611 units of Eicher trucks and buses.
Royal Enfield Himalayan 450 Gets Tubeless Spoked Rims, Finally
Maruti Suzuki's RC Bhargava Claims Inventory Issues Resolved To Meet 30-Day Target
Maruti Suzuki's EV Foray: RC Bhargava Reveals Production, Launch Timeline
Pick Of Picks: Tata Motors, RIL, SBI Among Top Stocks For 'Pivotal' Samvat 2081
Mahindra & Mahindra Ltd. clocked its highest ever monthly SUV sales in October 2024 as the company continued to make more to keep up with the demand.
Sales of India's largest SUV maker by revenue rose 25% year-on-year to 54,504 units as against 43,708 units in the year-ago period, according to a media statement on Friday. Including exports, that figure stood at 55,571.
“We are excited to have clocked the highest-ever SUV sales of 54,504 units in October, a growth of 25% and highest ever total volume of 96,648 units, a growth of 20%," Veejay Nakra, president (automotive division) at M&M, said in the statement. "The month began on a fantastic note with Thar ROXX garnering 1.7 lakh bookings in the first 60 minutes. The momentum continued across the SUV portfolio through the festive season.”
In the commercial-vehicle space, including three-wheelers, sales rose 5% year-on-year to 9,826 units as against 9,402 units last year.
India's automobile industry in October saw some pockets of growth and lacklustre performance elsewhere as sticky inventory and depressed urban demand weighed on sales during the crucial festive season.
Auto wholesales—or dispatches to dealerships from the factory floor—rose for the wider industry. A return of rural demand likely aided two-wheeler volumes while carmakers continued to align production with demand on the ground. Commercial vehicles are still stuck in the loop of cyclicality, but tractor sales are likely to see an upswing in the aftermath of a healthy monsoon.
Against that backdrop, here's a look at which automaker sold how much in the month gone by.