July Auto Sales Live: Bajaj, TVS Sales Rise, Hero Falls 3%

TVS Motor Company Ltd., reported a 10.7% rise in total sales to 2,78,855 units in July over last month, the company said in a statement.

The Chennai-based two and three-wheeler maker had sold a total of 2,51,886 units in June.

The company said the demand in export market continues to be robust, and the container availability is improving.

Other Highlights (M-o-M)

• The total two-wheeler sales during the month stood at 2,62,728 units as against 2,38,092 units last month.

• The domestic two-wheeler sales stood at 1,75,169 units in July.

• Motorcycles sales stood at 1,38,772 units in July.

• Scooter sales rose to 74,351units from 54,595 units in June.

Ashok Leyland Ltd. reported an overall sales of 8,650 units in July, an increase of 34% over June, according to the company’s exchange filings.

• Domestic sales rose to 8,129 units from 5,851 units in June.

• Domestic medium and heavy commercial vehicle sales rose to 3,473 units from 2,364 units in June.

Mahindra & Mahindra Ltd., auto segment posted an overall sales of 42,983 units in July, an increase of 30% over June.

• M&M’s passenger car sales rise 24.43% over June to 21,046 units in July.

• Commercial vehicle sales rise 47.4% over June to 19,814 units in July.

"We have seen significant increase in activity levels, enquiries and as a result, sales across our product portfolio," Veejay Nakra, CEO of Automotive Division at M&M, added.

Nakra said supply of semiconductors continues to be a global issue and the firm is doing everything to address it on priority.

The Farm Equipment segment however saw a drop as the tractor sales fell 43.53% over July to 27,229 units.

"We continue to stay bullish on tractor demand in the coming months owing to revival of monsoon, hike in MSP of key Kharif crops & upcoming festival season," Hemant Sikka, President of the Farm Equipment sector at M&M added.

India's largest two-wheeler manufacturer, Hero MotoCorp Ltd. sold 4,54,398 units in July, the company said in an exchange filing.

Hero MotoCorp's sales fell 3% over the last month led by decline in sales of the motorcycle segment. The company in the statement added that localised lockdowns imposed by certain states due to second wave continues to restrict the customer movement.

"India’s rural economy and semi-urban market is expected to bounce back on the hopes of good monsoon and customers’ preference for personal mobility," company said in the statement.

Hero MotoCorp added that it continues to monitor the situation closely and remain optimistic about continuously improving consumer sentiment in the coming months with the onset of the festive season.

Sales Snapshot (M-o-M) -

• Motorcycle sales fell 4% to 4,24,126 units in July

• Scooter sales however rose to 30,272 units in July from 27,624 units in June.

Bajaj Auto Ltd. reported a pickup in July sales as it sold 3,69,136 units, an increase of 6.6% over June, according to its exchange filing.

Sales snapshot (M-o-M)

• Total domestic two-wheeler sales rose 0.3% to 1,56,232 units.

• Total two-wheeler exports rose 12.5% to 1,74,337 units.

• Total commercial vehicle sales rose 8.40% to 38,547 units.

Escorts Ltd.’s tractor sales fell in July amid slowdown in monsoon activity.

Tractor sales dropped 47.6% month-on-month to 6,564 units, the company informed the exchanges. "The three-week slowdown in monsoon activity from mid-June to mid-July temporarily affected sowing of Kharif crops leading to some slowdown in sales in July," it said.

The company sold 6,055 units and 509 units in the domestic and overseas markets, respectively.

Escorts, however, said things should get better from here on as monsoon activity has returned to normal, and sowing has picked up in the last few days.

"Most of the dealerships are now open and are able to fully serve customers," the company said, adding commodity inflation continues to put pressure on its margin even as it implemented three price hikes in the last nine months.

Tata Motors Ltd.’s passenger vehicle division sold 30,185 units in July, a 25% rise over the preceding month.

Passenger vehicle sales rose for the second straight month as demand recovers following the easing of lockdown restrictions across the country.

Sales Snapshot (MoM)

• Overall Tata Motors’ domestic sales rose 19% to 51,981 units.

• Total domestic commercial vehicle sales increased 8% to 23,848 units.

Maruti Suzuki India Ltd. total sales increased, led by demand growth in utility vehicle segment and as lockdown restrictions were eased across the country.

Sales rose 10.2% month-on-month to 1,62,462 units in July, the company said in a statement.

Sales Snapshot (MoM)

• Exports rose 24% to 21,224 units.

• Mini and compact vehicle segment sales fell 8.2% to 89,953 units.

• Utility vehicle sales rose 26.6% to 32,272 units.