Auto Sales In November 2023: Hero MotoCorp's Sales Jump 25% On Low Dealer Inventory
Here's a look at how India's automakers' sales fared in the month gone by.
Hero MotoCorp's Sales Jump 25% On Low Dealer Inventory
Hero MotoCorp Ltd.'s total sales jumped 25% to 4.91 lakh units as the company dispatched higher vehicles to dealerships.
The higher dispatches are to build-up inventory at dealerships that hit a three-year low after strong sales during festival season.
Sales Snapshots (YoY):
Domestic sales grew 25.4% to 4.76 lakh units.
Motorcycle sales rose 25% to 4.41 lakh units.
Scooter sales up 30.6% to 49,774 units.
Exports grew 33% to 14,764 units.
Eicher Motors' Royal Enfield Dispatches Up 13%
Eicher Motors Ltd.'s total motorcycle sales rose 13% to 80,251 units in November.
Sales Highlights (YoY):
Sales of models with engine capacity upto 350cc rose 13% to 74,275 units.
Sales of models with engine capacity exceeding 350cc rose 24% to 5,976 units.
Exports grew 2% to 5,114 units.
TVS Motor's Two-Wheeler Sales Jump 34%
TVS Motor Co.'s total two-wheeler sales rose 34% to 3.52 lakh units in November with strong growth in the domestic business.
The company sold 16,782 units of its electric scooter iQube, up from 10,056 units in November last year.
Sales Highlights (YoY):
Total sales rose 31% to 3,64,231 units.
Domestic two-wheeler sales rose 50% to 2,87,017 units.
Two-wheeler exports fell 9.5% to 65,086 units.
Three-wheeler sales fell 10% to 12,128 units.
Hyundai Motor Sales Growth Moderates In November
Hyundai Motor India's sales growth moderated to 2.8% at 65,801 units in November on last year's high base. The company's sales dispatches to dealerships had grown 18.5% in October.
Sales Snapshots (YoY):
Domestic sales rose 3% to 49,451 units.
Exports rose 2.2% to 16,350 units.
Ashok Leyland's Dispatches Fall As Heavy Duty Vehicle Sales Decline
Ashok Leyland Ltd.'s total dispatches to dealerships fell 3% to 14,053 units, with fall in the sales of medium and heavy commercial vehicles.
Sales Highlights (YoY):
Total medium and heavy commercial vehicles sales fell 10% to 8,500 units.
Light commercial vehicle sales rose 9% to 5,553 units.
Maruti Suzuki's Total Dispatches Rise 3.4%
Maruti Suzuki India Ltd.'s total dispatches to dealerships rose 3.4% year-on-year to 1.64 lakh units in November.
The growth was yet again driven by utility vehicle sales, while dispatches in the mini and compact segment continued to decline.
Sales Highlights (YoY):
Total domestic sales rose 1.6% to 1.41 lakh units.
Sales in mini and compact segment fell 18% to 74,638 units.
Utility vehicle sales surged 50.5% to 49,016 units.
Exports rose 16.3% to 22,950 units.
Eicher Motors Commercial Vehicles Arm's Sales Rise
Eicher Motors Ltd.'s subsidiary VE Commercial Vehicles Ltd.'s dispatches to dealerships rose 5.9% to 5,194 units.
Sales Highlights (YoY):
Domestic sales rose 4.5% to 4,686 units.
Exports rose 27.8% to 303 units.
Tata Motors' Car Sales Fall 1%, Truck Dispatches Down 4%
Tata Motors Ltd.'s total dispatches to dealerships fell 1% to 72,647 units in November as both passenger vehicles and commercial vehicles witnessed a decline in sales.
Sales Snapshots (YoY):
Passenger vehicles sales fell 1% to 46,143 units.
Electric passenger vehicle sales rose 7% to 4,761 units.
Total commercial vehicles sales fell 4% to 28,029 units.
Heavy commercial vehicle sales rose 1% to 8,253 units.
Small commercial cargo and pickup vehicle sales fell 9% to 11,811 units.
M&M Utility Vehicle Sales Rise 32%, Tractor Dispatches Up 5%
Mahindra & Mahindra Ltd.'s utility vehicle sales rose 32% to 39,981 units in November.
"While we saw a healthy festive season, we faced supply challenges on select parts during the month," Veejay Nakra, president of the automotive division, said in a press release.
Commenting on the tractor sales, president of farm equipment sector Hemant Sikka said the festive season saw high demand pull in the domestic market, with retails being strong during Dhanteras and Diwali.
Sales Snapshots (YoY):
Sales of medium duty light commercial vehicle rose 7% to 17,284 units.
Three-wheeler sales rose 26% to 6,568 units.
Tractor sales rose 5% to 32,074 units.
Bajaj Auto's Domestic Two-Wheeler Dispatches Surge 77%
Bajaj Auto Ltd.'s two-wheeler dispatches jumped 33% year-on-year to 3.49 lakh units as domestic dispatches surged after channel inventories inched lower during festival season.
Sales Snapshots (YoY):
Total sales rose 31% to 4.03 lakh units.
Overall, three-wheeler sales rose 21% to 53,955 units.
Domestic two-wheeler sales rose 77% to 2.19 lakh units.
Two-wheeler exports fell 6% to 1.30 lakh units.
Escorts Kubota's Dispatches Rise 4% On Higher Domestic Sales
Escorts Kubota Ltd.'s total dispatches to dealerships rose 3.7% year-on-year to 8,258 units, driven by higher sales in the domestic market.
"Overall festive demand has been good barring a few states, where demand was marginally impacted due to scanty and/or unseasonal rainfall," the company said in a release.
Sales Highlights (YoY):
Domestic sales rose 6.7% to 7,855 units.
Exports fell 32.9% to 403 units.
Auto Sales Preview
Indian automakers are announcing their November sales figures on Friday.
Auto dispatches to dealerships may have maintained momentum in two-wheelers even after festival, but passenger vehicle sales are expected to have entered slow lane.
While dispatches of commercial vehicles and tractors are likely to rise in the month, analysts expect the retails sales to fall in both categories due to moderating demand.
