Auto Sales In December 2020: Eicher Sales Rise 37%, Tata Motors’ Passenger Vehicle Sales Nearly Double
Automobile sales in December 2020 are likely to witness healthy growth from the low base due to BS-IV inventory de-stocking last year.
We expect wholesales to witness healthy YoY growth for most segments, barring medium and heavy commercial vehicles and three-wheelers, on a soft base, low/stable inventory levels, rise in preference for personal mobility and continued retail momentum, Nirmal Bang said in a report.
Inventory is lower than normal for passenger vehicles and tractors, leaving headroom for higher inventory filling in the coming months, according to Motilal Oswal Financial Services. The brokerage expects spillover demand from the festive season and inventory refilling to drive demand for passenger vehicles and tractors.
TVS Motor sales up 17.5% in December
TVS Motor Company reported a 17.5% increase in total sales to 2,72,084 units in December.
The company, which primarily makes two-wheelers and three-wheelers, had sold 2,31,571 units in December 2019.
The total two-wheeler sales during the month stood at 2,58,239 units as against 2,15,619 in December 2019, up 20%.
The domestic two-wheeler sales stood at 1,76,912 units last month, as compared to 1,57,244 units in December, up 13%, it added.
The total exports increased by 28% to 94,269 units last month, as against 73,512 in the year-ago period.
Tata Motors Domestic Sales Rise 21%
Tata Motors Ltd. reported a 21% increase in domestic sales as higher car deliveries offset the impact of lower commercial vehicle demand.
- Total sales rose 21% year-on-year to 53,430 units.
- Total commercial vehicle sales declined 5% to 29,885 units mainly due to a drop in sale of passenger carriers and small commercial vehicles.
- Car sales rose 84% to 23,545 units.
“Retail sales were 18% higher than wholesale for the month and pipeline inventory remains thin,” said Shailesh Chandra, President of Passenger Vehicles unit, in the media statement. “We are continuing to debottleneck the supply chain and ramp up our output to meet the increased demand while addressing the availability of electronic components.”
Eicher Motor Sales Rise 37% In December
Eicher Motor Ltd. saw sales of Royal Enfield motorcycles rise 37% in December, led by an increase in deliveries of models with engine capacity up to 350 cc.
- Total sales stood at 68,995 units compared with 50,416 units in December last year.
- Exports rose 82% to 3,503 units
- Sales of models with engine capacity up to 350 cc rose 33% to 63,580 units.
- Sales of models with capacity over 350cc more than doubled to 5,415 units.
Hyundai Registers Record December Sales
Hyundai Motor India Ltd. recorded the highest-ever domestic December sales at 47,400 units last month, a 24.89% growth year-on-year, the company said in a statement.
Exports rose 58.84% at 19,350 units, making up a cumulative sales growth of 33.14%
The car maker also achieved the highest-ever single month production at 71,178 units in December 2020.
With total domestic sales of 4,23,642 units in 2020, Hyundai managed to increase market share for the second year in a row, Hyundai Motor India Managing Director SS Kim said. “Looking towards the future, we are proceeding with cautious optimism and positively anticipate green shoots of recovery in 2021.”
Ashok Leyland Reports 14% Sales Growth
Ashok Leyland Ltd. reported an overall sales growth of 14% year-on-year at 12,762 units in December 2020, according to the company’s exchange filings.
Medium and heavy commercial vehicle sales declined 2% to 6,884 units from 7,025 units. Exports rose 14.5% to 905 units from 790 units.