InvestorQ : How were the automobile sales numbers for the month of September across key players like Maruti, Bajaj, Tata Motors, M&M and Hero Moto?
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How were the automobile sales numbers for the month of September across key players like Maruti, Bajaj, Tata Motors, M&M and Hero Moto?

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vidhya Laxmi answered.
2 years ago
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Auto sales for the month of September continued to disappoint on the back of weak consumption and tight financing. Higher cost of funds has also had an impact on the demand for autos. With petrol again inching above Rs.80/litre, autos could continue to have a tough time. Here is a quick rundown on the key players in the auto industry and their performance in the month of September 2019.

· Maruti Suzuki saw its domestic passenger vehicle (PV) sales fall by 27% last month to over 1.1 lakh units. Sales of mini cars viz. Alto, Old Wagon-R and the newly launch S-Presso, stood at 20,085 units, down 42.65%. Compact segment fell 22.7%. Utility vehicles like Vitara Brezza, S-Cross and Ertiga was flat.

· Hyundai domestic sales fell 14.8% to 40,705 units in September. Others like Honda Motors and MG Motors also saw a steep fall in sales. Sales were tepid across the board despite attractive offers during the festival season.

· M&M sold 14,333 passenger vehicles in September down 33% on a YOY basis. M&M commercial vehicles segment sales were also 18% lower at 18,872 units and the sales of the medium and heavy commercial vehicles (MHCVs) were down 62%.

· Tata Motors domestic sales fell sharply by 50% to 32,376 units in September with domestic passenger vehicle sales taking the deepest cut. In most cases, the dealer stock has also been sharply down. Ashok Leyland reported a 57% dip in domestic sales to 7,851 units during September 2019. During this period, HCVs fell by 74% while medium vehicles also fell by 26%.

· Two wheelers also came under pressure. Consider the following numbers. Bajaj Auto sales fell 20% to 4,02,035 units in September. Among other two-wheelers makers, TVS Motor sales dropped 25% to 3.16 lakh units, which also includes some planned rationalization. However, the export market for two wheelers has remained robust.

· Among other major wheeler manufacturers, Eicher Motors which makes Royal Enfield motorcycles reported 17% dip in domestic sales to 59,500 units. Exports were sharply higher but on a much lower base. The leader, Hero Moto sold 20% less vehicles during the month of September at just 6.12 lakh units.

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