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The company sold 3.93 lakh units last month, a rise of 17.6 percent from same period last year, the Pune-based automaker said in an exchange filing.
Key Sales Highlights (YoY)
Royal Enfield-maker Eicher Motors Ltd. saw monthly sales in March decline 20 percent to 60,831 units.
TVS Motor Company Ltd.'s monthy sales in March remained flat at 3.2 lakh units.
Tata Motors Ltd. sold 68,709 units in March with sales falling one percent due to weak consumer sentiment.
Commercial vehicle sales in March grew 4 percent over last year, it said in its stock exchange filing. "The market however, continues to exhibit subdued demand on back of lingering effects of liquidity crisis, lag effect of the implementation of revised axle load norms, slowing economy and weak IIP growth index.
Hero MotoCorp Ltd. sold 5.8 lakh units in March, a decline of 20 percent over last year.
India’s largest bikemaker too saw sales decline in March “due to a conscious effort to bring down the inventory levels in the system”.
Honda Cars India Ltd. sold 17,202 units in March compared to 13,574 units in the corresponding month in 2018, according to Bloomberg.
SML ISUZU Ltd.’s sales rose by over 14 percent year-on-year to 2,003 units in March, the automaker said in a stock exchange notification.
The stock rose 3.8 percent to Rs 864.90 per share. The stock had advanced 8 percent intraday.
Mahindra & Mahindra Ltd.’s auto sales rose 1 percent on a yearly basis last month while its tractor sales fell 31 percent, according to its stock exchange filing.
Key Sales Highlights (YoY):
Tractor Sales Highlights (YoY)
Shares of Mahindra & Mahindra Ltd. erased gains to trade a little changed at Rs 675.20.
Escorts Ltd. sold 11,905 tractors in March, an increase of 1 percent from the year-ago month, according to its exchange filing. The stock fell as much as 0.84 percent to Rs 789.35 after the announcement.
Key Highlights (YoY):
Shares of Ashok Leyland fluctuated between gains and losses to trade little changed at Rs 91.85.
The company sold 21,535 units last month, a fall of 4 percent from the year-ago period, the truck and bus maker said in an exchange filing.
Key Sales Highlights (YoY)
Sales Including Exports (YoY)
The local sales of Toyota Kirloskar Motor grew by 7 percent year-on-year , according to Bloomberg.
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