Hero MotoCorp Ltd.’s sales in May rose 11 percent over the year-ago month to 7.06 lakh units, according to its exchange filing.
“Sustaining its strong sales momentum, Hero MotoCorp has continued to further consolidate its domestic market leadership with an all‐time high sales for the month of May,” the country’s largest two-wheeler maker said.
TVS Motor Company Ltd.’s sales rose in May, driven by its motorcycle and scooter segment. Total sales increased 10 percent year-on-year to over 3.09 lakh units, the maker of Jupiter scooters said in an exchange filing.
Scooter sales rose 11.9 percent to 95,879 units, while motorcycle numbers rose 7.4 percent to 1.26 lakh units. Three-wheeler sales rose 78.2 percent to 6,587 units.
The company exported 62,218 units last month, a rise of 53.2 percent over the same month last year.
Mumbai-based Tata Motors Ltd. sold 54,295 units in May, an increase of 58 percent form the year-ago month, according to its stock exchange filing. The sales were driven by its commercial and passenger vehicle businesses in the domestic market.
Key sales highlights (May, YoY):
Domestic passenger vehicle sales rose 61 percent at 10,855 units.
Domestic commercial vehicle sales rose 56 percent at 36,806 units.
Medium and heavy commercial vehicle segment’s sales rose 90 percent at 36,806 units.
Ashok Leyland Ltd.’s sales in May rose 51 percent over the year-ago period to 13,659 units, it said in an exchange filing.
The Chennai-based truck and bus maker sold 10,421 medium and heavy commercial vehicles last month, up 70 percent over the year-ago period. Its light commercial vehicle sales rose 10 percent to 3,238 units.
Shares of Ashok Leyland snapped its two-day decline and rose as much as 2.7 percent to Rs 152 apiece after the announcement.
Eicher Motors Ltd.’s Royal Enfield’s sales rose in May, led by an increase in demand for its Royal Enfield motorcycles having an engine capacity of up to 350cc.
Overall sales rose 23 percent over the same month last year to 74,697 units. Sales of two-wheelers having an engine capacity of 350cc increased 23 percent over the year-ago month to 68,813 units, according to its exchange filing. That of models with higher engine capacity rose 21 percent year-on-year to 5,884 units.
Exports rose 7 percent from last May to 2,187 units.
Shares of Eicher Motors fell 1.3 percent to Rs 30,369 apiece as of 11:20 a.m.
Shares of Maruti Suzuki Ltd. gained after the company reported its best May sales growth in over a decade, driven by the compact segment.
The country’s largest carmaker sold 1.72 lakh vehicles, up 26 percent from the year-ago period, it said in an exchange filing.
Reacting to the announcement, the automaker’s shares rose as much as 2.8 percent to Rs 8,780 apiece. The stock was the second-best performer on the NSE Nifty 50 Index.
Bajaj Auto Ltd.’s sales rose for the tenth straight month in May, driven by the healthy performance of the commercial vehicles segment.
Sales of the two- and three-wheeler maker increased 30 percent from the year-ago period to 4.07 lakh units last month, the Pune-based company said in a statement today. Overall motorcycle sales rose 24 percent to 3.42 lakh units. Motorcycle sales in the domestic market rose 23 percent.
Shares of the automaker snapped its two-day decline and rose as much as 2.6 percent to Rs 2,822.95 apiece in early trade. That compares with a 0.8 percent gain in the S&P BSE Auto Index.
The analysts also expect double-digit growth for passenger and commercial vehicles. Tractors and two-wheeler sales are expected to strengthen in May, driven by the rising rural demand and good monsoons. (More details here).
