Tata Motors reports highest passenger vehicle sales in 9 years — Maruti, Ashok Leyland, outperform street expectations

Tata Motors reports highest passenger vehicle sales in 9 years — Maruti, Ashok Leyland, outperform street expectations
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  • The actual numbers in the case of Maruti and Ashok Leyland have outperformed the street estimates. However, it failed to meet the expectations for Bajaj Auto.
  • The country's largest carmaker Maruti Suzuki India reported a 11.8% increase in wholesales to 1.64 lakh units in February.
  • Despite the two-wheelers segment being under pressure, Bajaj Auto saw its two-wheeler sales up 7% compared to the same period last year.
  • Check out the latest news and updates on Business Insider.
Indian auto-manufacturers reported a mixed bag of sales in February as the slowing demand and supply chain constraints continued to keep two-wheeler sales under pressure.

The brokerages had already expected two-wheelers sales to see a gradual slowdown. However, the commercial vehicle segment saw a positive turnaround after a long time. The actual numbers in the case of Maruti and Ashok Leyland have outperformed the street estimates. However, it failed to meet the expectations for Bajaj Auto.

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

Maruti Suzuki reported a 11.8% rise in February sales

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The country's largest carmaker Maruti Suzuki India reported a 11.8% increase in wholesales to 1.64 lakh units in February.

Although the company's entry-level cars, Alto and S-Presso, declined by 12.9% compared to the same month last year — Sales of compact segment vehicles, including models Swift, Celerio, Ignis, Baleno and Dzire, increased by 15.3% year-on-year.

Maruti Suzuki IndiaFebruary 2021 February 2020YoY (%)
Domestic sales1,52,983136,84911.8%
Exports11,48610,26111.9%
Total sales1,64,469147,11011.8%

Bajaj Auto sales up 6% to 3.75 lakh units in February

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Despite the two-wheelers segment being under pressure, the company saw its two-wheeler sales up 7% compared to the year-ago month. The sales growth was led by strong demand in the international market. Bajaj’s total exports rose 13% to 2.10 lakh units.

Bajaj AutoFebruary 2021 February 2020YoY (%)
Motorcycle3,32,563310,2227%
Three-wheeler42,45444,691-5%
Total3,75,017354,9137%

Ashok Leyland sales jump 19% to 13,703 units

The Hinduja group flagship firm Ashok Leyland reported an increase of 19% in total vehicle sales in February as the commercial vehicles segment showed positive signs after recovering from the coronavirus slowdown.
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The medium and heavy commercial vehicles (M&HCV) sales in the domestic market were up 5%, and the light commercial vehicle (LCV) sales in the domestic market were up 46%.

Ashok LeylandFebruary 2021 February 2020YoY (%)
MHCV7,1146,7455%
LCV5,6623,86746%
Total sales13,70311,47519%

Mahindra & Mahindra sales grow 3.3% in February

The Tractor sales continued marching in a positive trajectory, with M&M posting double-digit growth in February. The farm equipment segment recorded 19.8% growth leading to the overall growth of 3.3%.
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The shares of M&M were trading 3% higher at 1:40 pm on Monday, after the company reported its monthly sales.

Mahindra & MahindraFebruary 2021 February 2020YoY (%)
Automotive28,77732,476-11.3%
Farm Equipment28,14622,56119.8%
Total Sales56,92355,0373.3%

Tata Motors reports highest passenger vehicle sales in nearly 9 years

Tata Motors reported a 54% year-on-year increase in total domestic sales led by strong demand for its passenger car and a revival of the commercial vehicle segment. The company said the car sales were the highest ever in at least 9 years.
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The shares of Tata Motors were trading 3% higher at 3:00 pm on Monday, after the company reported its monthly sales.

Tata MotorsFebruary 2021 February 2020YoY (%)
Total CV33,96628,07121%
Total PV27,22512,430119%

TVS three-wheeler segment continues to bear the brunt

TVS Motors reported 18% year-on-year growth in February-led by strong growth in the two-wheeler segment. The company which sells Apache and Jupiter saw its sales jump nearly 21% in the segment.
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TVS MotorFebruary 2021February 2020 YoY (%)
Three-wheeler13,16617,370-24%
Two-wheeler284,581235,89121%
Total297,747253,26118%

SEE ALSO: SIMPLY PUT: Here is how to register and what documents to carry for the COVID-19 vaccination drive from March 1

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