November auto sales estimates — Here’s what to expect from Maruti, M&M, Hero, Bajaj Auto, and other automakers

November auto sales estimates — Here’s what to expect from Maruti, M&M, Hero, Bajaj Auto, and other automakers
BCCL
  • November is likely to see a gradual ramp in sales, with nearly all auto companies reporting positive sales led by the festive boost
  • According to Nirmal Bang estimates, the recovery in the two-wheeler segment was surprising, but the demand during festive season lagged compared to last year.
  • Here’s what to expect from Maruti, M&M, Hero, Bajaj Auto, and other automakers in November auto sales.
The festive season has led the road to recovery for the Indian automobile sector in November. Nearly all companies have seen a gradual ramp-up and are expected to report positive sales, all thanks to the festive boost. The month saw strong demand for personal vehicles; however, two-wheelers fell short of expectations during the period.

A Nirmal Bang report highlighted that passenger vehicle (PV) dispatches are likely to improve YoY due to good festive demand, upcoming wedding season, and soft base due to the overlapping of Diwali in November this year.

“Retail demand was strong. Enquiries and bookings witnessed continued momentum and were higher YoY. But, retail deliveries were affected due to lower dispatches during the festive season,” the report said

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The recovery in the two-wheeler segment was surprising, but the festive demand lagged compared to last year. “The 2W dealers indicate that retail sales during festivals fell short of expectations and were lower YoY,” the report added.

Here’s what to expect from Maruti, M&M, Hero, Bajaj Auto and other automakers in November auto sales.

Maruti - November auto sales expectations


Maruti Suzuki IndiaNovember 2020 (expectations)November 2019 YoY (%)
Domestic sales160,978143,68612%
Exports8,3336,94420%
Total sales169,311 150,63012.4%
Source: Nirmal Bang


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M&M - November auto sales expectations
Mahindra & MahindraOctober 2020 (expectations)October 2019 YoY (%)
Automotive44,99141,2359.1%
Farm Equipment30,49621,03245%
Total Sales75,48862,26721.2%
Source: Nirmal Bang

Bajaj Auto - November auto sales expectations
Bajaj AutoNovember 2020 (expectations)November 2019 YoY (%)
Three-wheeler46,89259,777-21.6%
Motorcycle394,040343,44614.7%
Total440,932403,2239.4%
Source: Nirmal Bang

Ashok Leyland - November auto sales expectations
Ashok LeylandNovember 2020 (expectations)November 2019 YoY (%)
MHCV5,9245,966-0.7%
LCV5,8934,20940%
Total sales11,81610,17516.1%
Source: Nirmal Bang

Eicher Motors - November auto sales expectations
Eicher MotorsNovember 2020 (expectations)November 2019 YoY (%)
VECV3,9893,45015.6%
Royal Enfield (RE)70,00060,41115.9%
Source: Nirmal Bang
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According to Nirmal Bang, in terms of geography, states like UP, MP, Bihar, Jharkhand, and Odisha saw buoyant demand, whereas Delhi, Haryana, Punjab, and Rajasthan witnessed lower YoY sales.

TVS - November auto sales expectations
TVS MotorNovember 2020 (expectations)November 2019 YoY (%)
Three-wheeler297,972249,35019.5%
Two-wheeler17,63917,2322.4%
Total315,611266,58218.4%
Source: Nirmal Bang

Hero MotoCorp - November auto sales expectations
Hero MotoCorpNovember 2020 (expectations)November 2019 YoY (%)
Motorcycle700,230516,77535.5%
Source: Nirmal Bang
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