July Auto Sales: Tata Motors Sales Rise 21%, Royal Enfield Up 7%

Tata Motors Ltd. sold 51,896 units last month, an increase of 21 percent from the year-ago month, according to its stock exchange filing.

Key sales highlights (YoY):

• Domestic passenger vehicle sales up 14 percent at 17,079 units.
• Domestical commercial vehicle sales up 25 percent at 34,817 units.
• Exports up 44 percent at 4,971 units.

Hero MotoCorp Ltd.'s sales grew 9 percent over the year-ago month to 6.79 lakh units, due to underlying demand growth.

“We are confident of carrying the growth trajectory forward and expect to grow at double-digit in the upcoming festive season,” said Chairman Pawan Munjal in a release acompanying the filing.

Going ahead, the automaker has lined up multiple new product launches, ahead of the festive season, such as the Xtreme 200R motorcycle and the 125cc scooters.

Eicher Motors Ltd. sold 69,063 motorcycles in July, an increase of 7 percent from last year, according to its stock exchange filing.

• Sales of models with engine capacity up to 350 cc rose 5 percent to 63,713 units.
• Sales of models with engine capacity exceeding 350 cc rose 37 percent to 5,350 units.
• Exports more than doubled to 2,062 units.

TVS Motor Company Ltd. sold 3.21 lakh units in July, an increase of 18 percent from the year-ago month, according to its stock exchange filing.

Key sales highlights (YoY):

• Two-wheeler sales rose 17 percent to 3.07 lakh units.
• Scooter sales rose 29 percent to 1.18 lakh units.
• Three-wheeler sales rose 70 percent to 13,323 units.
• Exports rose 42 percent to 72,242 units.

Mahindra and Mahindra Ltd. sold 47199 units last month, an increase of 13 percent from the sales clocked in 2016, according to its stock exchange notification.

July sales highlights (YoY):

• Passenger vehicle sales fell 6 percent to 19,781 units.
• Utility vehicles sales fell 7 percent to 17,879 units.
• Commercial vehicles sales rose 28 percent to 19,284 units.
• Medium and heavy commercial vehicle sales rose 32 percent to 866 units.
• Three wheeler sales rose 47 percent to 5,540 units.
• Total domestic sales rose 12 percent to 44,605 units.
• Total exports rose 31 percent to 2,594 units.

Farm equipment sales highlights (YoY):

• Overall farm equipment sales rose 20 percent to 18,957 units.
• Farm equipment sales in domestic market rose 21 percent to 17,804 units.
• Exports fell 4 percent to 1,153 units.

Shares of the Mumbai-based automaker swung between gains and losses after the announcement.

Ashok Leyland Ltd.'s sales rose 27 percent in July on a yearly basis after it sold 15,199 units, according to its stock exchange filing.

July sales highlights (YoY):

• Sales in medium and heavy commercial vehicle segment rose 22 percent to 10,996 units.
• Sales in light commercial vehicle segment rose 42 percent to 4,203 units.

Shares of the Chennai-based commercial vehicle maker rose as much as 4.3 percent to Rs 17.70 apiece after the announcement.

Maruti Suzuki sales declined marginally last month. This was the first sales decline since December 2016.

The country's largest automaker sold 1.64 lakh units last month, a decline of 0.6 percent from the sales clocked in July 2017, according to its stock exchange notification.

July sales highlights (YoY):

• Sales in mini segment vehicles fell 10.9 percent to 37,710 units.
• Sales in Compact segment rose 17.8 percent to 74,373 units.
• Sales in Utility vehicles segment fell 4..9 percent to 24,505 units.
• Sales in Vans segment rose 0.5 percent to 15,791 units.
• Overall domestic sales rose 0.1 percent to 1.54 lakh units.
• Overall exports fell 9.9 percent to 10,219 units.

Shares of Maruti Suzuki fell as much as 2.3 percent to Rs 9,301.40 apiece after the announcement. The stock was the second-worst performer on Sensex.

July sales highlights (YoY):

• Motorcycle sales rose 25 percent to 3.32 lakh units.
• Commercial vehicle sales rose 59 percent to 67,663 units.
• Overall domestic sales rose 27 percent to 2.37 lakh units.
• Overall exports rose 34 percent to 1.62 lakh units.

Shares of Bajaj Auto rose as much as 2.5 percent to Rs 2,768. The stock was the best performer on Sensex and Nifty.

Tractor maker Escorts Ltd. sold 5,610 tractors in July, an increase of 3.5 percent from the corresponding month previous year, the company said in its regulatory filing.

Key highlights:

• Domestic sales rose 3.9 percent to 5,843 units.
• Exports fell 11.2 percent to 127 units.

Shares of Escorts fell as much as 3.4 percent to Rs 896.65 apiece.