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

• 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

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 India	November 2020 (expectations)	November 2019	YoY (%)
Domestic sales	160,978	143,686	12%
Exports	8,333	6,944	20%
Total sales	169,311	150,630	12.4%

Source: Nirmal Bang


M&M - November auto sales expectations

Mahindra & Mahindra	October 2020 (expectations)	October 2019	YoY (%)
Automotive	44,991	41,235	9.1%
Farm Equipment	30,496	21,032	45%
Total Sales	75,488	62,267	21.2%

Source: Nirmal Bang

Bajaj Auto - November auto sales expectations

Bajaj Auto	November 2020 (expectations)	November 2019	YoY (%)
Three-wheeler	46,892	59,777	-21.6%
Motorcycle	394,040	343,446	14.7%
Total	440,932	403,223	9.4%

Source: Nirmal Bang

Ashok Leyland - November auto sales expectations

Ashok Leyland	November 2020 (expectations)	November 2019	YoY (%)
MHCV	5,924	5,966	-0.7%
LCV	5,893	4,209	40%
Total sales	11,816	10,175	16.1%

Source: Nirmal Bang

Eicher Motors - November auto sales expectations

Eicher Motors	November 2020 (expectations)	November 2019	YoY (%)
VECV	3,989	3,450	15.6%
Royal Enfield (RE)	70,000	60,411	15.9%

Source: Nirmal Bang

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 Motor	November 2020 (expectations)	November 2019	YoY (%)
Three-wheeler	297,972	249,350	19.5%
Two-wheeler	17,639	17,232	2.4%
Total	315,611	266,582	18.4%

Source: Nirmal Bang

Hero MotoCorp - November auto sales expectations

Hero MotoCorp	November 2020 (expectations)	November 2019	YoY (%)
Motorcycle	700,230	516,775	35.5%

Source: Nirmal Bang

SEE ALSO: $4

From WhiteHat Jr, Big Basket, and Unacademy to Dunzo — these are the Indian startups that reported data leaks over the past few months>$4