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TVS Motor Company Ltd. sold 3.07 lakh units last month a fall of nearly 1 percent from May 2018, the Chennai-based company said in a stock exchange filing.
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Shares of TVS Motor rose as much as 4.2 percent to Rs 499.50 after the announcement.
Ashok Leyland’s sales fell 4 percent to 13,172 units in May, according to its stock exchange filing.
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Sales Including Exports (YoY)
Shares of the truck and bus maker rose as much as 1.7 percent to Rs 90.40 after the announcement.
Shares of Bajaj Auto pared opening losses and rose as much as 1.5 percent to Rs 2,970 after the company announced its May sales data.
The company's total sales rose 3 percent year-on-year to 4.19 lakh vehicles last month, according to its stock exchange filing.
Key Sales Highlights (YoY)
Hyundai Motor India said its domestic sales declined 5.6 percent in May this year to 42,502 units compared to 45,008 units in May 2018, the company said in a statement. However, the company's total sales (domestic and exports) grew by 5.5 percent helped by strong exports. Hyundai exported 16,600 units in May 2019 as against 11,008 units in the same month last year, an increase of 50.8 per cent.
Total sales stood at 59,102 units in May 2019 as compared with 56,016 units in the year-ago period, the statement said.
Hero MotoCorp May sales fell 7.7 percent year-on-year basis to 6,52,028 units. The company sold 7,06,365 units in May 2018. Sales for the motorcycle and scooter manufacturer though rose 13.5 percent sequentially in May. The sales rose above six-lakhs unit mark for the first time since February 2019. The company launched three premium motorcycles and two scooters in the month of May.
Tata Motors sales continued to decline in May as market sentiment remained muted, the company said in a statement.
SML Isuzu sold 1,689 units in May, a rise of 17.1 percent from corresponding month in 2018, according to its exchange filing.
Escorts Ltd. sold 6,827 tractors last month, a fall of 18 percent from the year-ago period, according to its exchange filing.
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VE Commercial Vehicles Ltd., a subsidiary of Eicher Motors Ltd. sales fell 19.7 percent on a yearly basis to 4,801 units last month, according to its stock exchange filing.
Mahindra & Mahindra Ltd.'s auto sales fell 3 percent on a yearly basis to 45,421 units in May, due to subdued purchases of vehicles in the election season, according to tis stock exchange notification. Its tractor sales fell 16 percent year-on-year to 24,704 units.
“While consumer sentiment and demand continued to be subdued during the pre-election phase, our focus has been on correcting the channel inventory,” Rajan Wadhera, president of Automotive Sector, at M&M.
“Now, with a stable government at the centre and the forecast of a near normal monsoon, we hope to see an improvement in consumer sentiment over the next few months.”
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Maruti Suzuki's total May sales decline 22%, year-on-year. pic.twitter.com/KC2kXjvWgU
— BloombergQuint (@BloombergQuint) June 1, 2019
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