2020-03-03-Auto-Total-Sales-Number-feb 2020

2020-03-03-Yoy-and-mom-change-in-auto-sales-numbers

Maruti Suzuki India

Total sales down 1.1 percent year-on-year at 147,110 units in February compared to 148682  units in the month year ago. Total domestic  sales down 1.62 percent at 136,849 units. Exports up 7 percent at 10,261 units.

Tata Motors

Total sales down 32 percent year-on-year at 40634 units in February compared to 60151 units in the month year ago. Total domestic sales down 34 percent at 38002 units. Exports down 10 percent at 2632 units.

Mahindra & Mahindra

Total sales down 42 percent year-on-year at 32476 units in February compared to 56005 units in the month year ago. Total domestic sales down 42 percent at 30367 units. Exports down 40 percent at 1839 units.

Ashok Leyland

Total sales down 42 percent year-on-year at 32476 units in February compared to 56005 units in the month year ago. Total domestic sales down 42 percent at 30367 units. Exports down 40 percent at 1839 units.

Bajaj Auto

Total sales down 10 percent year-on-year at 354913 units in February compared to 393089 units in the month year ago. Total domestic sales down 24 percent at 168747 units. Exports up 9 percent at 186166 units.

Escorts

Total sales up 19 percent year-on-year at 8601 units in February compared to 7240 units in the month year ago. Total domestic sales up 16 percent at 8049 units. Exports up 71 percent at 552 units.

Outlook

February auto sales data from domestic auto companies remain subdued as the industry races towards BS-VI transition as the new fiscal year starts on April 1, 2020. Mahindra and Mahindra Ltd, whose auto sales down by a huge 42% surprised negatively. Mahindra’s management attributed the sales drop to component supply disruption from China that effected billing for the month. Supply disruptions due to the coronavirus outbreak in China could have some impact on technology transition from BS-IV to BS-VI and may be critical to sales and production growth in the next three months.


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