November Auto Sales Live: TVS Motor Sales Rise 27%; M&M Farm Equipment Up 13%
TVS Motor November Sales Rise 27%
TVS Motor Company Ltd. sold 31.9 units last month, an increase of 27 percent from the year-ago period.
Key sales highlights (YoY)
- Two wheelers sales up 26 percent to 3.06 lakh units.
- Scooter sales up 43 percent to 1.11 lakh units.
- Motorcycle sales up 29 percent to 1.19 lakh units.
- Exports sales up 24 percent to 58,476 units.
- Three-wheeler sales up 48 percent to 8,642 units.
M&M Extends Decline After Declaring November Tractor Sales
Shares of the country's largest utility vehicle maker fell 1.3 percent to Rs 780 after it announced tractor sales for the month of November.
- Total tractor sales stood at 25,949 units versus 22,994 units (YoY)
Ashok Leyland Declines After Sales Drop In November
Shares of Ashok Leyland fell as much as 4.5 percent to Rs 107,25.
The commercial vehicles maker sold 13,121 units in November a decline of 9 percent from the year-ago month, according to its stock exchange notification.
The stock has declined 8 percent so far this year compared to a 0.5 percent advance in the Sensex.
Eicher Motors’ Royal Enfield Sales Decline 6%
Eicher Motors Ltd.’s Royal Enfield division’s sales declined 6 percent on a yearly basis to 65,744 units in November.
Sales of models with engine capacity upto 350cc fell 6 percent year-on-year to 61,890 units while sales of models with engine capacity exceeding 350cc fell 12 percent to 3,854 units. Its Exports fell 69 percent during the period.
Hero MotoCorp Sales Rise 0.8% In November
Hero MotoCorp Ltd. sold 6.1 lakh units in last month, an increase of 0.8 percent from the year ago period, according to its stock exchange filing.
Shares of Hero MotoCorp fell as much as 1.3 percent to Rs 3,015 apiece.