Hero MotoCorp Ltd. Impulse motorcycles are displayed at a Pashupati Motors dealership in New Delhi, India (Photographer: Prashanth Vishwanathan/Bloomberg)
7 years ago
Jan 02, 2019
Auto sales are likely to remain muted in December due to a slowdown that began during the festive season even as analysts continue to remain optimistic about a recovery in the new year, according to BloombergQuint poll of three brokerages.
Hyundai Motor India sold 40,158 units in December, an increase of 4.8 percent from the year-ago period, according to Bloomberg report. The company sold a total of 7.1 lakh units last year.
Eicher Motors Ltd.'s motorcycle segment—Royal Enfield reported a 13 percent slump in sales on a yearly basis to 58,278 units in December, according to its stock exchange filing.
Sales of models with engine capacity up to 350cc fell 15 percent to 53,790 units while the sales of models with engine capacity exceeding 350cc rose 21 percent to 4,488 units. The company exported 2,252 units last month, an increase of 41 percent from December 2017.
Eicher Motors Ltd. sold 6,236 units of commercial vehicles last month, an increase of 2.4 percent from December 2017, according to its stock exchange notification.
Escorts Ltd. sold 4,598 tractors in December, an increase of 27.5 percent from the corresponding month previous year, the company said in its regulatory filing.
M&M’s farm equipment sales declined 6 percent on a yearly basis. The company sold 17,404 units in December. The domestic tractor sales fell 2 percent to 16,510 units and exports fell 45 percent to 894 units.
Maruti Suzuki India Ltd.’s sales fell for the second straight month and declined the most since August.
The country’s largest automaker’s sales dropped 1.3 percent on year-on-year basis to 1.28 lakh units last month, according to its exchange filing. It was the lowest monthly sales figure for the carmaker in 2018.
August sales highlights (YoY):
Sales in mini segment vehicles fell 14 percent to 27,661 units.
Sales in compact segment fell 3.8 percent to 51,334 units.
Sales of its new Ciaz model stood at 4,734 units.
Sales in utility vehicles segment rose 4.9 percent to 20,225 units.
Sales in vans segment rose 38.8 percent to 15,850 units.
Overall domestic sales rose 1.8 percent to 1.21 lakh units.