Tata Motors, Bajaj Auto, TVS Zoom Ahead In December Auto Sales
Hero MotoCorp Sales Jump 43% In December
Hero MotoCorp Ltd.’s total sales fell to an 11-month low in December despite a 43 percent increase on a year-on-year basis.
The two-wheeler manufacturer sold 4.72 lakh units in December, as per the company in its stock exchange filing. The year-on-year growth was partially due to a low base in the same month last year as sales fell owing an intense cash crunch following demonetisation. Sales in December 2016 stood at 3.3 lakh vehicles.
The company had recorded its highest ever monthly sales figure of 7,20,739 in September last year.
Ashok Leyland December Sales Climb 79%
Ashok Leyland Ltd.’s sales rose for the seventh straight month in December, led by robust demand for its medium and heavy commercial vehicles.
The truck maker's sales increased 79 percent to 19,253 units from the year-ago period, it said in an exchange filing.
Medium and heavy commercial vehicle sales jumped 82 percent to 15,950 units, while light commercial vehicle sales grew 69 percent to 3,303 units in December.
Tata Motors' Sales Jumps On Low Base Effect
Tata Motors Ltd.'s domestic sales jumped 52 percent in December driven by higher demand compared to that in December 2016 - the month after demonetisation. A steady ramp-up in production of Bharat Stage-IV vehicles and continued rise in sales in consumption-driven sectors led the growth, according to the company's statement.
The carmaker sold 54,627 vehicles in total, according to the company's exchange filing. Domestic passenger vehicle sales rose 31 percent to 10,827 units. This was the highest ever domestic passenger vehicle sales since 2012. "Strong performance of Tiago, Tigor, hexa and Nexon drove the growth momentum for Tata Motors," the statement said.
The commercial vehicles segment sold 40,447 units during the month in India, 62 percent higher than that a year ago. "The commercial sector has shown good recovery after the headwinds and regulatory challenges of last year," it noted.
- Medium and heavy commercial vehicle sales rose 83 percent to 15,828 units
- Intermediate and light commercial vehicle sales rose 78 percent over last year to 5,103 units.
- Pickup segment sales rose 43 percent to 4,529 units.
- Utility vehicle sales jumped 406 percent.
- Exports grew 26 percent to 6,044 units.
Tata Motors’ shares rose as much as 4.4 percent to Rs 253 after the announcement.
Bajaj Auto Records Highest Ever Sales In Commercial Segment
Bajaj Auto Ltd.'s sales jumped 30 percent in December on a year-on-year basis on the back of record sales by its commercial vehicles segment. Exports continued to outperform for the company.
Sale of commercial vehicles rose 187 percent to 63,785 units compared to that a year ago.
Sale of motorcycles also grew 13 percent. Motorcycle sales within India grew only 6 percent while two-wheeler exports rose 20 percent.
Overall, the company sold 2.92 lakh units with domestic sales rising 25 percent and exports rising 35 percent, according to the company's exchange filing.
Bajaj Auto’s shares rose as much as 1.79 percent to Rs 3,348 after the announcement.
Eicher Motors Sales Grow 17%
Eicher Motors Ltd.’s sales rose 17 percent in December, led by higher sales of its motorcycles with engine capacity of up to 350cc.
Sales of such motorcycles rose 20 percent year-on-year to 63,269 units while sales of models with higher engine capacity fell 20 percent to 3,699 units in the same period.
The Royal Enfield maker’s exports jumped 48 percent to 1,601 units last month compared to the same period last year, it said in a stock exchange filing. Overall sales for the month stood at 66,968 units.