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Passenger vehicle sales rose 35 percent over last year to 17,157 units. Growth was driven by demand for Tata’s new compact SUV Nexon, the statement said. The company said that it ramped up production at its Ranjangaon facility for that particular model.
Pickup sales too rose 53 percent over last year to 4,685 units.
Exports, however, fell 12 percent to 4,927 units as the automaker saw a drop in CV sales volume in key international markets like Nepal and Sri Lanka, the statement added.
TVS Motor Company Ltd.’s sales grew 12 percent to 2.52 lakh units in November from last year, led by strong export growth.
Exports of the automaker surged 43.8 percent to 32,892 units. Sales of two-wheeler vehicles advanced 11.1 percent to 2.43 lakh units aided by 37.3 percent jump in motorcycle sales to 93,202 units from the year-ago period.
Mahindra & Mahindra Ltd.'s sales grew 21 percent to 36,039 vehicles in November on the back of higher sales of cars and heavy commercial vehicles.
Passenger vehicle sales rose 21 percent to 16,030 units driven by a 37 percent rise in sale of cars and vans, the automaker said in an exchange filing. Utility vehicle sales rose 20 percent.
Commercial vehicles grew 22 percent with medium-to-heavy commercial vehicle sales more than doubling to 792 units. Sale of light commercial vehicles, that have a capacity of less than 3.5 tones, rose 20 percent to 14,262 while sale of bigger LCVs rose 11 percent to 500.
"We expect our growth momentum to continue on the back of some recent refresh launches as well as the positivity of our product portfolio,” said Rajan Wadhera, president of M&M’s automotive sector.
Sale of three-wheeler vehicles rose 13 percent to 4,455 units.
Farm equipment maker Escorts Ltd.’s sales rose 6.5 percent year-on-year in November, driven by exports.
The tractor maker sold 4,941 units in the domestic market, an increase of 5.2 percent, while exports jumped 64.8 percent to 178 units, according to its stock exchange notification.
Total units sold during the month jumped to 5,119 units from 4,806 units a year ago.
Ashok Leyland Ltd.’s sales rose for the sixth straight month in November.
Sales of the truck maker increased 51 percent to 14,460 units compared to Nov. 2016, it said in an exchange filing.
Medium and heavy commercial vehicle sales rose 54 percent to 10,641 units, while volumes of light commercial vehicles rose 44 percent to 3,819 during the period.
Shares of the Chennai-based firm snapped its three-day losing streak and rose 3.55 percent to Rs 121.5 apiece after the company announced its sales numbers. The stock risen 52.4 percent so far this year, against a 25 percent gain in the S&P BSE Auto Index.
Shares of Maruti Suzuki rose as much as 1.8 percent to Rs 8,695 apiece, after the announcement.
Bajaj Auto shares rose as much as 1.2 percent to Rs 3,344 in early trading.
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.jpg?downsize=1080:540 "Tata Motors, M&M, Maruti Suzuki, Bajaj Auto Report Strong November Sales")
