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Tata Motors’ Car Sales Up 8%, Truck Dispatches Rise 1%
Tata Motors Ltd.’s total dispatches to dealerships rose 4% to 76,138 units as heavy duty commercial vehicles and higher passenger vehicle sales aided volume growth.
Sales Snapshots (YoY):
- Passenger vehicle sales 8% to 43,675 units.
- Electric passenger vehicle sales 29% to 5,006 units.
- Total commercial vehicle sales fell 1% to 32,668 units.
- Heavy commercial vehicle sales rose 10% to 11,199 units.
- Small commercial cargo and pickup vehicle sales fell 14% rto 12,734 units.
Maruti Suzuki’s Total Dispatches Fall On Lower India Sales
Maruti Suzuki India Ltd.’s total dispatches to dealerships fell 1.3% year-on-year to 1.38 lakh units in December as lower India sales dragged the overall tally.
The company’s overall dispatches in 2023 crossed 20 lakh units for the first time ever in a calendar year.
Sales Snapshots (YoY):
- Total domestic sales fell 6% to 1.11 lakh units.
- Sales in mini and compact segment fell 20.5% to 48,298 units.
- Utility vehicle sales surged 39% to 45,597 units.
- Exports rose 23% to 26,884 units.
Eicher Motors Commercial Vehicle Arm’s Sales Rise
Eicher Motors Ltd.’s subsidiary VE Commercial Vehicles Ltd.’s dispatches to dealerships rose 11% to 8,026 units.
Sales Highlights (YoY):
- Domestic sales rose 12% to 7,468 units.
- Exports fell 3.3% to 321 units.
M&M Utility Vehicle Sales Rise 24%, Tractor Dispatches Fall 18%
Mahindra & Mahindra Ltd.’s utility vehicle sales rose 24% to 35,171 units in December. The tractor sales witnessed higher-than-expected fall with decline in both domestic sales and exports.
“Retail momentum slowed down on account of tapering of agricultural activities, which is the norm in the month of December,” Hemant Sikka, president of farm equipment sector, said in statement.
Sales Snapshots (YoY):
- Sales of medium duty light commercial vehicles fell 22% to 12,668 units.
- Three-wheeler sales rose 5% to 5,307 units.
- Tractor sales fell 18% to 19,138 units.
Bajaj Auto’s Two-Wheeler Sales Rise On Robust Domestic Dispatches
Bajaj Auto Ltd.’s total two-wheeler sales rose 15% to 2.83 lakh units in December as robust domestic dispatches offset slower growth in exports.
Sales Snapshots (YoY):
- Total sales rose 16% to 3.27 lakh units.
- Domestic two-wheeler sales rose 26% to 1.58 lakh units.
- Two-wheeler exports rose 3% to 1.25 lakh units.
- Three-wheeler sales rose 27% to 43,805 units.
Escorts Kubota’s Dispatches Fall 19% On Lower Domestic Sales
Escorts Kubota Ltd.’s total dispatches to dealerships fell 19% to 4,536 units due to lower sales in the domestic market.
“Rural sentiments were impacted due to delay in crop harvest, lower rabi sowing, thus affecting both retail and wholesale,” the company said in a statement.
Sales Highlights (YoY):
- Domestic sales fell 17% to 4,131 units.
- Exports fell 32% to 405 units.
Hyundai Motors
MG Motor India
MG Motor recorded an 18 percent boost in retail sales totalling 56,902 units in 2023 of which around 25 percent of the sales were recorded in the electric vehicle segment. The company’s flagship Comet EV has seen sales of 20,000 units to date. The company said that with 18 percent growth, it was a fourth consecutive year of gains.
Toyota Kirloslar Motor
The company reported a 46 percent growth in wholesales with 2,33,346 units sold in 2023. Domestic sales stood at 2,21,356 units in 2023.
Exports in 2023 were at 11,984 units, it added.
“(The) growth of 46 percent compared to last CY (calendar year) came from across the product portfolio. The consistent month-on-month performance, coupled with a year-round upward trend, indicates a growing customer interest in all our line-up of cars,” TKM Vice President of Sales and Strategic Marketing Atul Sood said.
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