October Auto Sales Live: Hero MotoCorp Sales Drop 19%; Tata Motors Declines 32%
Catch live updates on how Indian automakers fared in the month of October.
KEY HIGHLIGHTS
Retail Auto Sales See Some Spark In October
Retail sales of cars and two-wheelers rose, and inventory fell in October as deep discounts lured buyers to showrooms during the festive season, according to a BloombergQuint survey.
Demand mainly picked up from the second half of Navratri, or the nine days leading to Dussehra, considered auspicious for buying, the survey of nine large dealerships across India revealed.
Read more here:
Escorts Sales Rise 2%
Escorts Ltd. sold 13,353 tractors last month, an increase of 1.6 percent from the year-ago period, according to its exchange filing.
Key Highlights (YoY)
- Domestic sales rose 1.3 percent to 13,034 units.
- Export jumped 16.8 percent to 319 units.
Bajaj Auto Sales Fall 9% In October; Shares Swing
Shares of Bajaj Auto fluctuated between gains and losses to trade little changed at Rs 3,272 after the company announced its October sales data.
The company's total sales fell 9 percent year-on-year to 4,63,208 vehicles last month, according to its stock exchange filing. That, however, was the highest monthly sales so far this year.
Key Sales Highlights (YoY)
- Domestic motorcycle sales fell 14 percent to 2,42,516 units.
- Motorcycle exports rose 3 percent to 1,56,397 units.
- Total motorcycle sales fell 8 percent to 3,98,913 units.
- Domestic commercial vehicles sales declined 5 percent to 36,260 units.
- Commercial vehicles’ exports fell 21 percent to 28,035 units.
- Total commercial vehicle sales fell 13 percent to 64,295 units.
- Total domestic sales fell 13 percent to 2,78,776 units.
- Total exports fell 1 percent to 1,84,432 units.
Ashok Leyland Sales Fall 35%
Ashok Leyland Ltd.’s sales fell 35 percent to 9,857 units in October, according to its stock exchange filing.
Key Sales Highlights (YoY)
- Domestic medium and heavy commercial truck sales fell 59 percent to 3,335 units.
- Domestic medium and heavy commercial bus sales rose 31 percent to 1,230 units.
- Total domestic medium and heavy commercial vehicle sales declined 50 percent to 4,565 units.
- Domestic light commercial vehicle sales fell 15 percent to 4,509 units.
- Total domestic vehicle sales fell 37 percent to 9,079 units.
Sales Including Exports (YoY)
- Total medium and heavy commercial truck sales fell 59 percent to 3,526 units.
- Total medium and heavy commercial bus sales rose 31 percent to 1,600 units.
- Total medium and heavy commercial vehicle sales fell 48 percent to 5,126 units.
- Total light commercial vehicle sales fell 35 percent to 9,857 units.
Shares of the truck and bus maker fell as much as 1.4 percent to Rs 75.70 after the announcement.
Maruti Suzuki Sales Rise The Most In 16 Months In October
Maruti Suzuki India Ltd.’s sales rose the most in 16 months during October.
The company sold 1.22 lakh units last month, an increase of 4.5 percent from October 2018, India’s largest carmaker said in a stock exchange filing.
Key sales highlights (YoY)
- Sales of mini segment fell 13.1 percent to 28,537 units.
- Sales of compact segment rose 15.9 percent to 75,094 units.
- Sales of Ciaz fell 39 percent to 2,371 units.
- Sales of utility vehicles rose 11.3 percent to 23,108 units.
- Sales of Vans fell 26.8 percent to 10,011 units.
- Sales of Super Carry rose 12.9 percent to 2,429 units.
- Total domestic passenger vehicle sales rose 2.3 percent to 1,39,121 units.
- Total domestic sales rose 4.5 percent to 1,44,277 units.
- Total exports rose 5.7 percent to 9,158 units.
The sales of new WagonR are reported under compact segment and the sales number of old discontinued WagonR are however, reported in the mini sub-segment effective February 2019, the company said.
M&M Sales Fall 11%
Mahindra & Mahindra Ltd.'s total sales fell 11 percent to 51,896 units in October, according to the exchange filing.
Key Highlights:
- In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra's sales fell 23 percent year-on-year to 18,460 vehicles
- Commercial vehicle sales fell 3 percent to 23,582 units
- Three-wheeler segment's sales rose 4 percent to 7,151 units
- Total domestic sales fell 11 percent to 49,193 units
- Total exports fell 12 percent to 2,703 units
Shares of the Anand Mahindra-led company fell 4 percent to 582 apiece after the announcement.
Tractor Sales Fall 4%
Its tractor sales fell 4 percent year-on-year to 45,433 units.
- Domestic tractor sales declined 4 percent to 44,646 units.
- Tractor exports fell 26 percent to 787 units.
SML Isuzu Sales Fall By A Third
Number of vehicles sold by busmaker fell 28 percent to 515 units, according to its exchange notification.
Shares of the company surged nearly 3.4 percent intraday to Rs 567 apiece after the sales announcement.
TVS Sales Decline 19%
TVS Motor Company Ltd. sold 3.23 lakh units last month a fall of 19 percent from October 2018, the Chennai-based company said in a stock exchange filing.
Key Sales Highlights (YoY)
- Two-wheeler sales fell 20 percent to 3.08 lakh units.
- Domestic two-wheeler sales fell 25 percent to 2.52 lakh units.
- Scooter sales fell 20 percent to 1.21 lakh units.
- Motorcycle sales fell 17 percent to 2.53 lakh units.
- Three-wheeler sales rose 8 percent to 15,207 units.
- Two-wheeler exports rose 22 percent to 55,477 units.
- Overall exports rose 20 percent to 69,339 units.
The stock traded 4.8 percent lower at Rs 463.20 after the announcement.
Eicher Motors VECV Sales Fall Over 37%
Eicher Motors Ltd.’s VE Commercial Vehicles’ sales stood at 3,755 units, a drop of 37.5 percent from the same period last year, according to its stock exchange filing.
Eicher Motors' Royal Enfield Sales Up 2%
Motorcycle sales rose 2 percent to 71,964 units for the month of October, according to its exchange filing.
- Sales of models with engine capacity up to 350cc fell 5 percent to 64,257 units.
- Sales of models with engine capacity over 350cc more than doubled to 7,707 units.
- Exports shot up 10-fold to 4,426 units.
The shares closed 2.5 percent down at Rs 21,976.15 each.
Tata Motors Sales Fall 32%
Tata Motors Ltd. sold 41,354 units last month, a fall of 33 percent from the year-ago period, according to its stock exchange notification. The company will continue its focus on system stock reduction as we prepare for the BS-VI transition, the firm said in an exchange filing. “Overall system stock is now at a multi-quarter low, which coupled with increasing enquiries, and the government's thrust on infrastructure investments, will help firm-up volumes and realisations in the coming month.”
Key Highlights (YoY)
- Total passenger vehicle sales fell 28 percent to 13,169 units.
- Total commercial vehicle sales down 36 percent to 28,002 units.
- Commercial vehicle exports fell 54 percent to 2,019 units.
- Domestic medium and heavy commercial truck sales fell 63 percent to 4,893 units.
Shares declined 3 percent to close at Rs 172.40 each ahead of the sales update.
Hero MotoCorp Sales Fall 19%
Hero MotoCorp sales fell 19 percent to 599,248 units, according to its exchange filing. The company also reported 12.84 lakhs in terms of retail sales clocked last month, the filing said.