Auto Sales In May 2024 Live: Maruti Suzuki, Tata Motors, Hyundai Clock Muted Numbers
Auto Sales in May 2024: India's top-three carmakers—Maruti Suzuki, Hyundai India and Tata Motors—have grown in low single digits in the month gone by, amid inflating inventory.
Indian automakers are reporting their sales figures for May 2024. Here's a look at which automaker sold how much in the month gone by.
Auto Sales In May 2024: Bajaj Auto
- Total vehicle sales at 3.55 lakh units, flat YoY
- Total 2-wheeler sales at 3.05 lakh units vs 3.07 lakh units, down 1% YoY
- 2-wheeler exports at 1.17 lakh units vs 1.13 lakh units, up 4% YoY
- Total CV sales at 49,841 units vs 47,452 units, up 5% YoY
- Domestic CV sales at 36,747 units vs 33,590 units, up 9% YoY
Auto Sales In May 2024: Hero MotoCorp
Total sales of Hero MotoCorp Ltd. fell last month as a scorching summer wilted sales at India's largest two-wheeler maker.
In May 2024,
Motorcycle sales fell 3.71% YoY to 4,71,186 units.
Scooter sales fell 10.6% YoY to 26,937 units.
Exports rose 67.24% YoY to 18,673 units.
In the first two months of Fiscal 2025, Hero MotoCorp has sold 10,31,708 units as against 9,15,581 units in the year-ago period, registering a growth of 12.6% year-on-year.
Auto Sales In May 2024: Royal Enfield
Sales of Royal Enfield plunged nearly 10% from the year earlier as its 350 cc range of motorcycles found fewer takers.
In May 2024, the motorcycling unit of Eicher Motors Ltd. sold 71,010 units in India, as against 77,461 units a year ago—a decline of 8% year-on-year, according to an exchange filing on Saturday.
Sales of models with engine capacity up to 350 cc fell 13% year-on-year to 59,852 units, as against 69,038 units a year ealier.
Sales of models with engine capacity exceeding 350 cc surged 32% year-on-year to 11,158 units on the back of the new Himalayan 450.
In international markets, Royal Enfield sold 7,479 units—12% higher than the 6,666 sold in the corresponding period a year ago.
The gains were still not enough to arrest the slide in volumes.
Auto Sales In May 2024: Tata Motors
Total domestic sales of Tata Motors Ltd. rose 2% year-on-year to 75,173 units in May 2024, as against 73,448 units in the year-ago period, according to an exchange filing on Saturday.
Total sales at 76,766 units vs 74,973 units, up 2% YoY
Domestic sales at 75,173 units vs 73,448 units, up 2% YoY
Total CV sales at 29,691 units vs 28,989 units, up 2% YoY
Domestic CV sales at 28,476 units vs 27,570 units, up 3% YoY
Total PV sales at 47,075 units vs 45,984 units, up 2% YoY
Domestic PV sales at 46,697 units vs 45,878 units, up 2% YoY
Auto Sales In May 2024: Kia India
Kia India Pvt. Ltd. has reported 3.9% year-on-year growth in May 2024 to sell 19,500 units in the domestic market. At the same time, the company achieved an exports milestone of 2.5 lakh units since inception in 2017.
In May 2024,
Local sales rose 3.9% YoY at 19,500 units vs 18,766 units in May 2023.
Exports stood at 2,304 units in May 2024.
Production capacity stood at 21,804 units in May 2024.
