April Auto Sales: Hero MotoCorp Sales Fall Over 17%

TVS Motor Company Ltd. sold 3.18 lakh units last month an increase of 5 percent from April 2018, the Chennai-based company said in a stock exchange filing.

Key Sales Highlights (YoY)

• Two-wheeler sales rose 4 percent to 3.05 lakh units.
• Domestic two-wheeler sales rose 3 percent to 2.48 lakh units.
• Scooter sales rose 9 percent to 97,323 units.
• Motorcycle sales rose 9 percent to 1.43 lakh units.
• Three-wheeler sales rose 15 percent to 13,104 units.
• Two-wheeler exports rose 11 percent to 57,377 units.
• Overall exports rose 13 percent to 69,565 units.

Shares of TVS Motor recovered from day’s low. The stock traded 2.9 percent lower at Rs 477.65 after the sales announcement. It fell 8.2 percent intraday.

Ashok Leyland’s sales rose 7 percent to 13,626 units in April, according to its stock exchange filing.

Key Sales Highlights (YoY)

• Domestic medium and heavy commercial truck sales rose 7 percent to 7,517 units.
• Domestic medium and heavy commercial bus sales rose 13 percent to 1,401 units.
• Total domestic medium and heavy commercial vehicle sales rose 8 percent to 8,918 units.
• Domestic light commercial vehicle sales rose 14 percent to 4,223 units.
• Total domestic vehicle sales rose 10 percent to 13,141 units.

Sales Including Exports (YoY)

• Total medium and heavy commercial truck sales rose 2 percent to 7,645 units.
• Total medium and heavy commercial bus sales rose 17 percent to 1,701 units.
• Total medium and heavy commercial vehicle sales rose 4 percent to 9,346 units.
• Total light commercial vehicle sales rose 15 percent to 4,280 units.

The shares pared opening losses and gained 4.1 percent intraday to Rs 90.50 apiece.

Shares of M&M reversed opening losses and rose as much as 2.4 percent to Rs 660.70 after the sales announcement.

Bajaj Auto Ltd.'s total sales rose a meagre 2 percent to 4.23 lakh vehicles in the month of April, despite achieving their highest ever sales in exports.

That's primarily because of a 13 percent drop in commercial vehicle sales to 57,047 units, the company's exchange filing showed. The segment's sales within the country fell 9 percent to 26,229 vehicles while those exported fell 16 percent to 30,818.

Key Sales Highlights (YoY)

• Domestic motorcycle sales rose 3 percent to 2.06 lakh units.
• Motorcycle exports rose 8 percent to 1.60 lakh units.
• Total motorcycle sales rose 5 percent 3.66 lakh units.
• Domestic commercial vehicles sales declined 9 percent to 26,229 units.
• Commercial vehicles’ exports fell 16 percent to 30,818 units.
• Total commercial vehicle sales fell 13 percent to 57,047 units.
• Total domestic sales rose 1 percent to 2.32 lakh units.
• Total exports rose 3 percent to 1.91 lakh units.

Shares reversed opening losses and gained as much as 1.3 percent to Rs 3,022.10 per share.

The maker of Royal Enfield motorcycles reported a 17 percent dip in sales on a yearly basis to 62,879 units in April. Sales of models with engine capacity up to 350cc fell 21 percent to 55,522 units while the sales of models with engine capacity exceeding 350cc grew 21 percent to 7,537 units.

• The company exported 3,742 units last month— a 140 percent rise from the year-ago period.
• The company also said that its manufacturing facilities at Oragadam and Vallam Vadagal in Tamil Nadu underwent scheduled maintenance activity between April 22-30 and have resumed normal operations from May 1.

The company sold 1.43 lakh units last month, a decline of 17.2 percent from the year-ago period, India’s largest carmaker said in an exchange filing.

Key Sales highlights (YoY)

• Sales of mini segment fell 39.8 percent to 22,766 units.
• Sales of compact segment fell 13.9 percent to 72,146 units.
• Sales of Ciaz fell 45.5 percent to 2,789 units.
• Sales of utility vehicles rose 5.9 percent to 22,035 units.
• Sales of vans fell 26.7 percent to 11,649 units.
• Sales of Super Carry rose 50.2 percent to 2,319 units.
• Sales to original equipment manufacturers stood at 364 units.
• Total domestic passenger vehicle sales fell 19.6 percent to 1.31 lakh units.
• Total domestic sales* declined 18.7 percent to 1.34 lakh units.
• Total exports rose 14.6 percent to 9,177 units.

The sales of new WagonR are reported under compact segment and the the sales number of old discontinued WagonR are however, reported in the mini sub-segment effective February 2019, the company said.
* Effective April 2019, sales to other OEMs have commenced and are reported as ‘Sales to other OEM’. Total domestic sales and total sales includes this figure.