Here’s what to expect from Maruti and M&M to Hero Moto and Bajaj in monthly auto sales in June

Here’s what to expect from Maruti and M&M to Hero Moto and Bajaj in monthly auto sales in June
BCCL
  • The two-wheeler segment is expected to see sharper recovery due to the strong rural sentiments and rise in preference for personal mobility to follow social distancing norms.
  • Tractor sales might outperform other segments given the good Rabi-crop procurement, early monsoon leading to better Kharif sowing and farm labour shortage.
  • However, the pressure would continue on commercial vehicles as it is one of the worst-affected segments due to “excess capacity and limited drive availability.”
After the historic zero sales in April and weak consumer demand in May, the Indian automobile sector is now set to rebound. Post the ease of the lockdown more than 80% of dealerships have opened across India, according to the Federation of Automobile Dealers Associations of India.

Analysts at Nirmal Bang said the two-wheeler segment is expected to see sharper recovery due to the strong rural sentiments and rise in preference for personal mobility to follow social distancing norms. It also said the retail demand is expected to witness higher demand, especially in non-metro cities and rural areas, which are said to be less impacted by the coronavirus.

The broking firm expects tractor sales to outperform other segments given the good Rabi-crop procurement, early monsoon leading to better Kharif sowing and farm labour shortage.

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However, it said the pressure would continue on commercial vehicles as it is one of the worst-affected segments due to “excess capacity and limited drive availability.”

Here’s what to expect from Maruti and M&M to Hero Moto and Bajaj in monthly auto sales in June
BCCL

“The retail sales are expected to be better than wholesales as Original equipment manufacturer (OEM) dispatches have been relatively lower. Dispatches from OEMs are likely to improve sequentially on the gradual ramp-up in plant utilization levels on the back of the recovery in supply chain and labour issues but are expected to be lower on YoY basis,” according to a report from Nirmal Bang, a broking firm.

Maruti Suzuki India June 2020 sales June 2019 sales Drop in sales %
Domestic sales 48,502 114,861 57.80%
Exports 5,416 9,847 45%
Total sales 53,918 124,708 56.80%
Mahindra & Mahindra June 2020 sales June 2019 sales Drop in sales %
Automotive 14,417 42,547 66.10%
Farm Equipment 32,000 33,094 3.30%
Total Sales 46,417 75,641 38.60%
Bajaj Auto June 2020 sales June 2019 sales Drop in sales %
Motorcycle 213,633 351,291 39.20%
Three-wheeler 21,218 53,333 60.20%
Exports 129,204 175,399 26.30%
Total 234,851 404,624 42%
Hero MotoCorp June 2020 sales June 2019 sales Drop in sales %
Motorcycle 388,411 616,526 37%
TVS Motor Company June 2020 sales June 2019 sales Drop in sales %
Two-wheeler 170,077 283,461 40%
Three-wheeler 5,184 13,641 62%
Total 175,260 297,102 41%
Ashok Leyland June 2020 sales June 2019 sales Drop in sales %
MHCV 843 8,427 90%
LCV 1,753 4,383 60%
Total sales 2,596 12,810 79.70%
Eicher Motors June 2020 sales June 2019 sales Drop in sales %
VECV 1,801 4,502 60%
Royal Enfield (RE) 35,003 58,339 40%

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