Auto Sales In August 2023 Live: Hero MotoCorp's Sales Rise 5%, Higher Than Estimates
Here's a look at how India's automakers' sales fared in the month gone by.
Hero MotoCorp's Dispatches Rise 5%, Higher Than Estimates
Hero MotoCorp Ltd.'s sales rose 5.4% year-on-year to 4.89 lakh units in August.
Sales Snapshots (YoY):
Sales of motorcycles rise 4.7% to 4.52 lakh units.
Sales of scooters rise 13% to 36,531 units.
Domestic sales rise 4.7% to 4.73 lakh units.
Exports rise 24.7% to 15,770 units.
Eicher Motors' Royal Enfield Sales Rise 11%
Eicher Motors Ltd.'s total motorcycle sales rose 11% to 77,583 units helped by new launches such as the Hunter 350.
Sales Snapshots (YoY):
Sales of models with engine capacity upto 350cc rise 11% to 69,023 units.
Sales of models with engine capacity expanding 350cc rise 9% to 8,560 units.
Exports rise 13% to 8,190 units.
TVS Motor's Domestic Dispatches Lift Two-Wheeler Sales
TVS Motor Co Ltd.'s total two-wheeler sales grew 5% to 3.32 lakh units helped by the strong dispatches in the domestic market even as exports saw a decline.
The two-wheeler sales rose 7% to 2.57 lakh units in the domestic market, while exports fell nearly 1% to 75,491 units.
Within the two-wheeler segment, scooter sales rose 17% led by electric scooter iQube. The motorcycle sales fell 2.6% to 1.53 lakh units.
Sales Snapshots (YoY):
Total sales rose 4% to 3.46 lakh units.
Total exports fell 6% to 87,515 units.
Three-wheeler sales fell 25% to 13,738 units.
Ashok Leyland's Sales Rise On Strong Heavy Duty Vehicle Dispatches
Ashok Leyland Ltd.'s dispatches to dealerships 10% to 15,576 units as medium and heavy commercial vehicles continued to offset the weakness in the light commercial vehicle category.
Sales Highlights (YoY):
Domestic sales rise 9% to 14,545 units.
Sales of medium and heavy commercial vehicles rose 17% to 9,013 units.
Light commercial vehicle sales fall 2% to 5,532 units.
Tata Motors' CV Sales Rise 2%, PV Sales Fall 3%
Tata Motors Ltd.'s total dispatches to dealerships fell 0.3% to 76,261 units in August as the automaker saw a decline in its passenger vehicle sales.
Sales Snapshots (YoY):
Total commercial vehicle sales rise 1.9% to 32,077 units.
Heavy commercial vehicle sales rise 14.4% to 9,000 units.
Passenger vehicle sales fall 3% to 45,933 units.
Electric passenger vehicle sales up 55% to 6,236 units.