August auto sales a mixed bag —Maruti records 17% jump, Escorts, M&M post strong tractor sales, while CV players continue to feel the pain

• The Indian automobile sector is now showing signs of improvement.
• After 6 months of slowdown, India’s largest car manufacturer Maruti Suzuki registered 17% growth in overall sales led by a 20% jump in domestic sales.
• The shares of Escorts Motors jumped 5% on back of record sales in August. The tractor manufacturer recorded 80% growth in total sales led by a 9% increase in exports.
• Check out the latest news and updates on Business Insider.

The Indian automobile manufactures are seeing signs of a turnaround from the lockdown woes, with sales picture improving amidst positive signs of recovery. The demand normalisation is due to various reasons ranging from — the gradual resumption of the supply chain to strong sentiments in rural and semi-urban markets and rise in preference for personal mobility to the start of the festive season.

Here’s August monthly auto sales number from Maruti Suzuki, M&M, Escorts, Hero MotoCorp, TVS, Bajaj Auto and others:

After 6 months of slowdown, India’s largest car manufacturer Maruti Suzuki registered 17% growth in overall sales led by a 20% jump in domestic sales. However, the export market continues to remain under pressure.

Maruti Suzuki India	August 2020 sales	August 2019 sales	Growth %
Domestic sales	116,704	97,061	20.20%
Exports	7,920	9,352	-15.30%
Total sales	124,624	106,413	17.10%

The shares of Escorts Motors also jumped 5% on back of record sales in August. The tractor manufacturer recorded 80% growth in total sales led by a 9% increase in exports.

Escorts	August 2020 sales	August 2019 sales	Growth %
Domestic	6,750	3,763	79.40%
Exports	518	272	90.40%
Total sales	7,268	4,035	80.10%

Mahindra and Mahindra (M&M) registered 16% de-growth in sales in the month of August despite a positive growth in passenger vehicles and commercial vehicles. The overall sales was dragged down by a whopping drop of 94% in the three-wheeler segment. However, the farm equipment segment of M&M remains the bright spot, recording a 65% growth in the month of August.

Mahindra & Mahindra	August 2020 sales	August 2019 sales	Growth %
Domestic	29257	33564	-13.00%
Exports	1,169	2,521	-54.00%
Total Sales	30,426	36,085	-16.00%

Eicher Motors over all sales plunged 30% with domestic sales taking a massive hit.

Eicher Motors	August 2020 sales (expected)	August 2019 sales	Growth %
VECV Domestic	2,190	3,538	-30%
VEVC Exports	250	318	-21%
Total sales	2,477	3,538	-30.30%

Ashok Leyland also reported a 52% drop in M&HCV sales. The company recorded a 36% drop in track sales, while bus sales were down 93% compared to the same period last year.

Ashok Leyland	August 2020 sales	August 2019 sales	Growth %
M&HCV	2,589	5,348	-52.00%
LCV	3,736	3,882	-4.00%
Total sales	6,325	9,320	-31.00%

The period remained grim for the commercial vehicle as it remains the worst affected segment due to economic slowdown. Along with that, people are still reluctant to use public transport, and the rise in personal mobility can further damage the segment.

Tata Motors also recorded 21.6% growth in overall domestic sales led by 154% growth in the passenger vehicle segment. Meanwhile the domestic commercial vehicles segment saw a decline of 28%.

Tata Motors	Aug-20	Aug-19	Growth
Total PV	18583	7316	154%
Total CV	17,889	24,850	-28%
Total Domestic Sales	35420	29140	21.60%

SEE ALSO: In Unlock 4.0, Maharashtra government allow hotels to reopen, eases travel curbs, but schools and colleges remain shut

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