February Auto Sales Live: Hero MotoCorp Falls 19%; Eicher Motors Up 1%
The Royal Enfield logo is displayed on the headlight of a Desert Storm motorcycle on display at the Eicher Motors Ltd. Royal Enfield flagship dealership in Gurgaon. (Photographer: Prashanth Vishwanathan/Bloomberg)

February Auto Sales Live: Hero MotoCorp Falls 19%; Eicher Motors Up 1%

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How Auto Companies Performed In February 2020

Maruti Suzuki India

  • Total sales down 1.1 percent year-on-year at 147,110 units compared to estimated 146,045 units.
  • Total domestic vehicle sales down 3.6 percent at 136,849 units.
  • Exports up 7 percent at 10,261 units.

Mahindra & Mahindra

  • Total sales down 42 percent at 32,476 units compared to estimated 47,050 units.
  • Total domestic sales down 42 percent at 30,637 units.
  • Exports down 40 percent at 1839 units.

Tata Motors

  • Total sales down 32 percent at 40,634 units compared to the estimated 44,772 units.
  • Total domestic sales down 34 percent at 38,002 units.
  • Total commercial vehicle sales down 33 percent at 28,086.
  • Total passenger vehicle sales 31 percent at 12,430 units.

Eicher VECV

  • Total sales down 29 percent at 4586 units.

Escorts

  • Total Sales Up 19 percent at 8,601 units compared to the estimated 7,425 units.
  • Domestic sales up 16 percent at 8,049 units.
  • Exports up 71 percent at 552 units.

Mahindra Tractor

  • Total sales up 19 percent to 22,561 units.
  • Domestic sales up 21 percent to 21,877 units.
  • Exports down 22 percent to 684 units.

Bajaj Auto

  • Total sales down 10 percent to 3,54,913 units.
  • Domestic motorcycle sales fell 21 percent to 1,46,876 units.
  • Motorcycle exports rose 15 percent to 1,63,346 units.

TVS Motor

  • Total sales down 17 percent to 2,53,261 units.
  • Exports rose 25 percent to 82,877 units.

Eicher Motors

  • Total sales rose 1 percent to 63,536 units.
  • Exports declined 8 percent to 2,348 units.

Ashok Leyland

  • Total sales declined 37 percent to 11,475 units.
  • Domestic sales fell 39 percent to 10,612 units.

Hero MotoCorp

  • Total sales down 19 percent to 4,98,242 units.
  • Domestic motorcycle sales fell 20 percent to 4,80,196 units.
  • Exports rose 8 percent to 18,046 units.

Hero MotoCorp Sales Fall 19%

Sales of India’s largest two-wheeler maker Hero MotoCorp Ltd. fell 19 percent year-on-year to To 4,98,242 units. The maker of Splendor motorcycles had sold 6,17,215 units in February 2019.

During the month, Hero MotoCorp sold 4,79,310 motorcycles while the rest were scooters. Exports for the month stood at 18,046 units.

Ashok Leyland Sales Slump

Ashok Leyland Ltd. on Monday said its sales fell 37 percent year-on-year to 11,475 units in February. Total domestic, too, fell 39 percent to 10,612 units.

The commercial-vehicles maker sold 7,368 heavy-duty trucks and buses in the domestic market during the month, a 45 percent decline from the year-ago period. Sales of light commercial vehicles declined 17 percent year-on-year to 4,107 units in the month.

Eicher Motors Sales Rise 1%

The sales of Royal-Enfield parent grew 1 percent year-on-year to 63,536 units.

Models with engine capacity up to 350 cc remained flat at 57,292 while those exceeding 350 cc rose 11 percent to 6,244 vehicles. Exports fell 8 percent to 2,348 units compared to the same period last year.

Shares rose close to 5 percent, the most since October last year, to Rs 17,422.95 each.

TVS Motor's Sales Fall

TVS Motor Company Ltd.'s sales fell 17 percent to 2,53,261 units in November as against sales of 2,99,353 units in the month year ago.

Key Sales Highlights (YoY)

  • Total two-wheeler registered sales dropped 18 percent to 2,35,891 units in February as against sales of 2,85,611 units in the same period last year.
  • Three-wheeler sales of the company grew by 26 percent to 17,370 units registered in the period.
  • Total exports grew 25 percent to 82,877 units in February.
  • Two-wheeler exports rose 23 percent to 66,207 units.

Shares of the Chennai-based firm declined 1.5 percent intraday to Rs 429.15 each.

Bajaj Auto's Sales Decline 10%

Bajaj Auto Ltd.’s shares rose 1.9 percent after it reported a 10 percent slump in its wholesale numbers for February at 3,54,913 units.

  • Domestic motorcycle sales fell 21 percent to 1,46,876 units.
  • Motorcycle exports rose 15 percent to 1,63,346 units.
  • Total motorcycle sales fell 5 percent 3,10,222 lakh units.
  • Domestic commercial vehicles sales declined 38 percent to 21,871 units.
  • Commercial vehicles’ exports fell 24 percent to 22,820 units.
  • Total commercial vehicle sales fell 31 percent to 44,691 units.
  • Total domestic sales fell 24 percent to 1,68,747 units.
  • Total exports rose 9 percent to 1,86,166 units.
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