Tuesday, 2 January 2018

Maruti Suzuki, Tata Motors, Bajaj Auto ahead in December Auto Sales

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Year 2017 marked a significant move for auto sales, aided by the continued growth in the Auto sector by the sales figures of Dec 2017.  The primary reason for the growth on Y-o-Y basis was the effects of demonetization on Dec 2016.

India’s largest carmaker Maruti Suzuki India Limited clocked a 10.3% jump in sales for Dec driven by demand for its vans and compact cars. The car maker sold a little over 1.3 lakh units v/s to 1.17 lakh in the same month a year ago, as per the company’s exchange filing. Total domestic sales rose 12.1% to 1.19 lakh units while export sales fell 6.2% to 10,780 units.

Mahindra & Mahindra Limited’s (M&M) sales grew 8% percent to 39,200 vehicles in Dec 2017, led by strong demand for its commercial vehicles.

In the 2-wheeler segment, TVS Motors Limited reported a significant growth of 35% in total sales, in which exports surged to 55% during the period, whereas Eicher Motors Limited, reported 17% growth led by spike in demand for its two-wheelers, aided by stellar growth in their exports. 


Bajaj Auto sales grew by 30% in December on Y-o-Y basis, on account of strong exports. Sale of commercial vehicles rose 187% to 63,785 units compared to that a year ago. Sale of motorcycles also grew 13%. Motorcycle sales within India grew only 6% while two-wheeler exports rose 20%

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