A TVS Motor Company employee works on the vehicle production line at the PT TVS Motor Company Factory. (Photographer: Dimas Ardian/Bloomberg News)

Auto Sales: Hero MotoCorp Sales Up 13%; TVS Motor Gains After Sales Rise

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Hero MotoCorp’s Sales Rise 13%

Hero MotoCorp Ltd.’s sales in June rose 13 percent over the year-ago month to 7.04 lakh units, according to its exchange filing.

“With monsoon already hitting many parts of the country, the positive consumption pattern is expected to continue in the coming months,” the country’s largest two-wheeler maker said.

The company also created a global benchmark by clocking over 2.1 million unit sales in the first quarter of the current fiscal. The automaker consequently raised the prices of its motorcycles and scooters with immediate effect, the release added.

TVS Motor June Sales Up 15%, Shares Rise

TVS Motor Company Ltd. sold 3.13 lakh units in June, an increase of 15 percent from the year-ago month, according to its exchange filing.

Key sales highlights:

  • Two-wheeler sales rose 12.1 percent year-on-year to 3.01 lakh units.
  • Scooter sales rose 13.6 percent year-on-year to 1.02 lakh units.
  • Motorcycles sales rose 14.9 percent year-on-year to 1.28 lakh units.
  • Three-wheeler sales jumped 140.9 percent year-on-year to 12,413 units.
  • Exports rose 48.6 percent year-on-year to 65,971 units.

Shares of TVS Motor rose as much as 3.3 percent to Rs 571 apiece after the results announcement.

Ashok Leyland Sales Rise 28% In June

Ashok Leyland Ltd. sold 15,791 units last month, an increase of 28 percent from June 2017, according to its stock exchange notification.

Key sales highlights:

  • Sales of medium and heavy commercial vehicles rose 22 percent year-on-year to 11,257 units.
  • Sales of light commercial vehicles rose 45 percent year-on-year to 4,534 units.

Escorts Sales Jump 73%

Escorts Ltd. sold 9,983 tractors in June, an increase of 72.8 percent from the year-ago period, according to its stock exchange filing.

Key sales highlights:

  • Domestic sales rose 72.1 percent year-on-year to 9,758 units.
  • Exports rose 110.3 percent to 225 units.

Bajaj Auto Clocks Highest Sales Growth In Over Eight Years

Bajaj Auto Ltd.'s sales rose for the eleventh straight month in June, registering its best monthly sales growth in over eight years.

The two- and three-wheeler maker sold 4.04 lakh units last month, an increase of 65 percent from the year-ago period, the Pune-based company said in a regulatory filing today. Prior to this, the company clocked sales growth of 101 percent year-on-year in January 2010.

Segment-wise sales highlights:

  • Motorcycles sales rose 65 percent year-on-year to 3.37 lakh units.
  • Commercial vehicles rose 66 percent year-on-year to 66,677 units, registering its highest ever monthly sales.
  • Exports rose 44 percent year-on-year to 1.69 lakh units.