Tata Motors Ltd. sold 57,221 units last month, a fall of 3 percent from the year-ago period, according to its stock exchange notification. The fall in sales was due to continued weak consumer sentiment, the company said in a statement. India’s largest commercial vehicles maker also saw a decline in medium and heavy trucks due to low demand as a result of the revised axle load norms.
Key Highlights (YoY)
Domestic passenger vehicle sales was up 2 percent at 18,110 units.
Domestic commercial vehicle sales down 5 percent at 39,111 units.
Medium and heavy commercial truck sales down 18 percent at 15,241 units.
Exports down 39 percent at 2,930 units due to congestion at Bangladesh border, new regulations and political uncertainty in Sri Lanka and slump in Middle East automotive market, the filing said.
Shares of the truck and bus maker erased gains and fell as much as 2.4 percent to Rs 84.40. Ashok Leyland’s sales were flat at 18,245 units in February, according to its stock exchange filing.
Key Sales Highlights (YoY)
Domestic medium and heavy commercial truck sales fell 4 percent to 11,117 units.
Domestic medium and heavy commercial bus sales rose 16 percent to 1,504 units.
Total domestic medium and heavy commercial vehicle sales declined 2 percent to 12,621 units.
Domestic light commercial vehicle sales rose 9 percent to 4,731 units.
Total domestic vehicle sales rose 1 percent to 17,352 units.
Sales Including Exports (YoY)
Total medium and heavy commercial truck sales fell 4 percent to 11,536 units.
Total medium and heavy commercial bus sales were flat at 1,755 units.
Total medium and heavy commercial vehicle sales fell 3 percent to 13,291 units.
Total light commercial vehicle sales rose 11 percent to 4,954 units.
Shares of Maruti Suzuki India ltd. traded 0.6 percent higher at 6,780.65 after rising 1.4 percent intraday.
The company sold 1.48 lakh units last month, a decline of 0.8 percent from the year-ago period, India’s largest carmaker said in an exchange filing.
Key Sales highlights (YoY)
Sales of mini segment fell 26.7 percent to 24,751 units.
Sales of compact segment rose 11.4 percent to 72,678 units.
Sales of Ciaz fell 37 percent to 3,084 units.
Sales of utility vehicles rose 7.4 percent to 21,834 units.
Sales of Vans rose 17.2 percent to 14,565 units.
Sales of Super Carry rose 74.8 percent to 2,188 units.
Total domestic passenger vehicle sales rose 0.2 percent to 1.36 lakh units.
Total domestic sales rose 0.9 percent to 1.39 lakh units.
Total exports slumped 19.6 percent to 9,582 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.
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