September Auto Sales: Bajaj Auto Reports Record Sales; Maruti Suzuki Disappoints Again
The Pulsar motorcycle, one of Bajaj Auto’s bestselling vehicle, parked outside a company showroom in Mumbai, India (Photographer: Adeel Halim/Bloomberg)

September Auto Sales: Bajaj Auto Reports Record Sales; Maruti Suzuki Disappoints Again

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Escorts Sales Rise Marginally

The Faridabad-based company rose sold 10,617 tractors in September, a 2.5 percent rise from corresponding month last year.

“We already had a high base last year because of GST and also the festive season started in September,” said Bharat Madan, group financial controller at Escorts Ltd, in an interaction with Bloombergquint. “This year it has shifted to October-November, so you will have a strong growth happening in third quarter.”

Key sales highlights (year on year):

  • Domestic sales rose 2.5 percent to 10,396 units.
  • Exports rose 5.7 percent to 221 units.

Watch the full interaction here:

Eicher Motors Sales Stagnate

The Royal Enfield manufacturer saw two wheeler sales rise by 2 percent to 71,662 units in September. The company reported a loss of production to the tune of 10,000 motorcycles last month. Eicher Motors said in a filing that a section of its workforce had not reported to work since Sept. 24 at its Oragadam factory near Chennai.

Key sales highlights (year on year):

Models with engine capacity up to 350cc saw sales rose 2 percent to 67582 units.

  • Models with engines over 350cc saw a 6 percent dip in sales to 4,080 units.
  • Exports grew 54 percent to 1,597 units.

Hero MotorCorp Posts Highest-Ever Monthly Sales

Hero MotorCorp sold 7.69 lakh units in September, its highest-ever sales in any single month, according to its exchange filing.

“The long term macro fundamentals of the two-wheeler industry continue to remain strong and we are optimistic of a good festival season.” the company said in a press statement.

TVS Sales Rise 18%

TVS Motors sales rises 18 percent to 4.24 lakh units compared to corresponding month last year.

Key sales highlights (year-on-year)

  • Two-wheeler sales rose 17 percent to 4.11 lakh units.
  • Scooter sales rose 17 percent to 1.43 lakh units.
  • Three-wheeler sales rose 48 percent to 13,282 units.
  • Exports was up 20 percent to 61,192 units.

Tata Motors Sales Rise 20%

Tata Motors Ltd. sold 64,250 units last month, an increase of 20 percent from the year-ago period, according to its stock exchange notification.

Key sales highlights (year-on-year)

  • Domestic passenger vehicle sales up 7 percent at 18,429 units.
  • Domestic commercial vehicle sales up 26 percent at 46,169 units.
  • Medium and heavy commercial truck sales up 32 percent at 16,239 units.
  • Exports up 35 percent at 5,250 units.

The stock rose as much as 3 percent to Rs 230.50 after the monthly sales numbers were announced.

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