August Auto Sale Report
Indian Automotive Industry
August Auto Sale Report Source: BSE, NSE, RBI, Mint Newspaper, Business Standard, Financial Express.
Table of Contents
OVERVIEW
Demand Surge, Production Expansion, and Enhanced Chip Supply: Fueling Growth in the Industry
During August, the Indian automotive industry experienced a significant milestone by recording its highest-ever monthly sales figures for domestic passenger vehicles (PV).
This achievement saw a remarkable total of 360,897 PV units being sold, signifying a notable year-on-year (Y-o-Y) growth of 10.4 percent. This impressive surge in PV sales is indicative of the industry’s resilience and the strong demand for passenger vehicles in the Indian market.
The graph reflects the continued enthusiasm of consumers for new cars and the efforts of automakers to meet these demands, underlining the industry’s robust performance and growth potential.
The domestic sales for the leading 2-wheeler manufacturers in the country experienced a modest year-on-year growth of 1.3%, reaching a total of 1.49 million units. It’s worth noting that Bajaj Auto faced challenges in the 2-wheeler market and did not perform as strongly as other companies, but Overall, most companies in the sector reported favorable sales figures during this period.
COMPANY SPECIFIC PERFORMANCE
MARUTI SUZUKI
MARUTI SUZUKI
MAHINDRA AND MAHINDRA
MAHINDRA AND MAHINDRA PV Sales
TATA MOTORS
TATA MOTORS PV Sales
TOYOTA KIRLOSKAR
The Toyota Urban Cruiser Hyryder and Toyota Innova Hycross remain in high demand, displaying consistent strength in their sales performance. Meanwhile, the Innova Crystal, Fortuner, and Legendary models continue to maintain their leadership positions within their respective segments. Furthermore, the Camry Hybrid and Glanz are also making significant contributions to the overall success of the Toyota lineup.
Sales for the month were up at 20970 units in August, as against
14959 units sold in the year-ago period.
Toyota Domestic Sales
HERO MOTO CORP
HERO MOTO CORP Domestic Sales
BAJAJ AUTO
BAJAJ AUTO Domestic Sales
ATUL AUTO
ATUL AUTO
TVS MOTORS
TVS DOMESTIC Sales
EICHER MOTORS
Export numbers rose to 8,090 units compared to the August 2022 of 7,220 units. Eicher Motors reported a substantial growth in their total commercial vehicle (CV) sales, with a 29.4% increase, reaching 6,476 units as compared to 5,003 units in the previous year. Eicher Motors manufactures commercial vehicles, including buses and trucks, as well as motorcycles. Their prominent brand, Royal Enfield, specializes in classic and retro mid-sized motorcycles. Eicher Motors also collaborates with Sweden’s AB Volvo to produce trucks and buses, known as Volvo Eicher Commercial
Vehicles.
ROYAL ENFIELD Sales
CONCLUSION
In August, the domestic sales of passenger vehicles (PVs) in India set a historic record, reaching an all-time high of 360,897 units. This exceptional achievement was primarily fueled by robust consumer demand, particularly in the aspirational utility segments of renowned automakers like Maruti Suzuki, Tata Motors, and Hyundai. This surge in PV reflects a significant shift in consumer preferences, with buyers showing a clear inclination toward larger vehicles that come equipped with a host of advanced features. Furthermore, the availability of accessible vehicle financing options in urban markets has played a crucial role in sustaining this trend. Indeed, despite only modest growth in 2-wheeler sales, the overall state of the auto industry appears to be healthy. The anticipation of an upcoming festive season could potentially boost demand further, providing a positive outlook for the industry’s future performance.
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DISCLAIMER: I’m not a SEBI registered advisor. No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here. Any reader making decisions based on any information published here does so entirely at its own risk. Investors should bear in mind that any investment in stock markets is subject to unpredictable market-related risks.
Source: BSE, NSE, RBI, Mint Newspaper, Business Standard, Financial Express.
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Tag:AUTO INDUSTRY, AUTO SALES, M&M, MARUTISUZUKI, TATAMOTORS
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