May Auto Sales Live: Hero Slumps By 50%, Bajaj & TVS Falls By 30%
Royal Enfield's Sales Fall 49% In May
Royal Enfield, the maker of India's cult cruiser motorcycles, saw its sales fell to 27,294 units in May compared to 53,298 units it sold in April. Year-on-Year, the sales are not comparable.
Sales snapshot (M-o-M)
Sales of models with engine capacity up to 350 cc fell to 22,734 unit from 46,651 units in April.
Sales of models with capacity over 350cc fell to 4,560 units from 6,737 units.
Exports however rose by 60% to 7,221 units.
Ashok Leyland Sells 3,199 Units In May
Ashok Leyland Ltd. reported an overall sales of 3,199 units in May, according to the company’s exchange filings.
The automaker's sales fell by 62% over the last month as demand takes a hit amidst second wave of coronavirus. Year-on-Year, the sales are not comparable due to nationwide lockdown last year.
Domestic sales fell sharply to 2,738 units from 7,961 units last month.
Domestic medium and heavy commercial vehicle sales tanked 62% to 1,513 units in May.
Domestic Light commercial vehicle sales too fell to 1,225 units in May from 3,978 units last month.
Hero MotoCorp Sales Falls 51% In May
India's largest two-wheeler manufacturer, Hero MotoCorp Ltd. sold 1,83,044 units in May, the company said in an exchange filing on Tuesday evening.
Hero MotoCorp's sales fell 51% over the last month due to the closure of plant operations amid second wave of Coronavirus. Year-on-Year, the sales are not comparable due to lockdown last year.
The Company said it continues to monitor the situation closely and will move to double-shift production gradually.
"With the vaccination drive gaining pace and a sharp decline in the number of Covid-positive cases, markets across the country are expected to open up gradually. This will aid in the swift recovery of businesses in the coming weeks," the company added.
Sales Snapshot (M-o-M) -
Motorcycle sales fell by 47% to 1,78,706 units in May
Scooter sales too declined to 4,338 units in May from 32,956 units in April.
TVS Motor Company sells 1.6 lakh units in May
TVS Motor Company reported a 30.16% fall in total sales to 1,66,869 units in May over last month due to lockdowns in many states, the company said in a statement.
The Chennai-based two and three-wheeler maker had sold a total of 2,38,983 units in April. Year-on-Year, the sales are not comparable because of lockdown last year.
"We have reduced dealer stocks to support our dealers and channel partners and will produce to maintain adequate inventories for customer demand. We expect that pent up demand will return as markets begin to reopen," the company said in statement.
Other Highlights (M-o-M)
The total two-wheeler sales during the month stood at 1,54,416 units as against 2,26,193 units last month.
The domestic two-wheeler sales stood at 52,084 units in May
Motorcycles sales fell by 6% to 1,25,188 units in May
Total exports stood at 1,14,674 units in May up from 1,07,185 units last month.
Three-wheeler sale stood at 12,473 units in May.
Maruti Suzuki's total sale plunges 71% in May
Maruti Suzuki India Ltd. posted total sales of 46,555 units in May, the country’s largest automaker said in a statement. This is a de-growth of 71% over the 1,59,691 units it sold last month.
Year-on-year the domestic sales are not comparable because of lockdown due to covid-19 last year.
Total passenger vehicle sales fell 76% to 32,903 units in May from 1,35,879 units last month.
Exports rose to 34% to 11,262 units in May.
Mini and compact vehicle segment fell 79% to 25,103 units in May over last month.
Utility vehicle sales fell 75% to 6,355 units in May over last month.