November Auto Sales Live: Bajaj Auto Falls 1%, Hero MotoCorp Slumps 15.3%
Carmakers are reporting their auto sales data for November. A look at how the numbers stack up against an auto slowdown in India.
Toyota Car Sales Down 19% At 9,241 Units In November
Toyota Kirloskar Motor Pvt. Ltd. on Monday said its car sales fell 18.86 percent year-on-year to 9,241 units in November 2019. The company had sold 11,390 units in the same month last year.
The carmaker’s domestic sales stood at 8,312 units as against 10,721 units in the year-ago month, a decline of 22 percent. Exports were up 38.86 percent at 929 units in November as compared to 669 units in the same month a year ago.
The company is working towards liquidating stocks by December and a smooth transition to Bharat Stage VI emission norms, Toyota Kirloskar said.
"We have consciously lowered the volume of vehicles sold to dealers to ensure lean inventory/avoid high market offers, we are adjusting our production to ensure we do not put any excess burden on our dealerships before the shift to BS-VI in April 2020," N Raja, deputy managing director of Toyota Kirloskar Motor, said in a statement.
TVS Motor Company Falls 17% To 266,582 Units
TVS Motor Company Ltd.'s sales fell 17 percent to 2,66,582 units in November as against sales of 3,19,965 units in the month year ago.
Key Sales Highlights (YoY)
- Total two-wheeler registered sales dropped 18 percent to 249,350 units in October 2019 as against sales of 3,07,142 units in the same period last year.
- Three-wheeler sales of the company grew by 34 percent to 17,232 units registered in the period.
- Total exports grew 27 percent to 74,060 units in September.
- Two-wheeler exports rose 24 percent to 58,128 units.
Hero MotoCorp Sales Slump 15.3% To 516,775 Units
Sales of India’s largest two-wheeler maker Hero MotoCorp Ltd. fell 15.3 percent year-on-year to To 516,775 units. The maker of Splendor motorcycles had sold 610,252 units in November 2018.
In November 2019, Hero MotoCorp sold 479,200 motorcycles while the rest were scooters. Exports for the month stood at 10,781 units.
Escorts Tractor Sales Fell 5% To 7,642 Units
Sales of Escorts tractors fell 5 percent year-on-year to 7,642 units in November, the farm equipment maker said in an exchange filing on Monday.
Escorts Ltd.’s domestic sales declined 3.4 percent to 7,379 units while exports fell 27.7 percent to 263 units, the filing showed.
Ashok Leyland's November Sales Down 25% At 9,377 Units
Ashok Leyland Ltd. on Monday said its sales fell 25 percent year-on-year to 9,377 units in November as the festive season failed to provide a respite from the auto sector slowdown in India. Total sales, domestic and exports, fell 22 percent to 10,175 units.
The commercial-vehicles maker sold 5,321 heavy-duty trucks and buses in the domestic market during the month, a 36% decline from 8,260 units sold a year ago. Sales of light commercial vehicles fell 6 percent year-on-year to 4,056 units in November 2019.
