Auto Sales LIVE Updates:
Automobile manufacturers such as Maruti Suzuki, Tata Motors, Hyundai, Hero MotoCorp, Bajaj Auto, TVS Motor, and Toyota, among others, are set to report their January 2024 sales numbers on the day Finance Minister Nirmala Sitharaman is set to present the interim budget or vote-on-account.
Here are the latest auto sales numbers from major companies so far today:
Hero MotoCorp
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 433,598 lakh units in January 2024. This translates into a robust 22% growth over the corresponding month (January 2023), when it had sold 356,690 units.
#JanuaryAutoSales | Hero MotoCorp total sales up 21.6% at 4,33,598 units vs 3,56,690 units (YoY)#AutoSales #BudgetWithCNBCTV18 #CNBCTV18LIVE pic.twitter.com/zjku59Gebu
— CNBC-TV18 (@CNBCTV18Live) February 1, 2024
Honda Cars India
Honda Cars India registers 11% growth with 8681 units of domestic sales in January 2024. Clocks highest ever monthly export volume of 4,531 units. Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India, registered monthly domestic sales of 8,681 units in January 2024. The export numbers for HCIL stood at 4,531 units in Jan’24.
TVS Motor Company
TVS Motor Company recorded monthly sales of 339,513 units in January 2024 with a growth of 23% as against 275,115 units in the month of January 2023. Total two-wheelers registered a growth of 25% with sales increasing from 264,710 units in January 2023 to 329,937 units in January 2024. Domestic two-wheeler registered growth of 24% with sales increasing from 216,471 units in January 2023 to 268,233 units in January 2024. Motorcycle registered a growth of 29% with sales increasing from 121,042 units in January 2023
to 155,611 units in January 2024. Scooter registered a growth of 24% with sales increasing from 106,537 units in January 2023 to 132,290 units in January 2024. EV sales registered a growth of 34% with sales increasing from 12,169 units in January 2023 to 16,276 units in January 2024.
Ashok Leyland
Ashok Leyland January total sales at 15,939 units
#AutoSales | Ashok Leyland 👇
>> January total sales at 15,939 units Vs Nomura estimate of 16,800 units>>Total sales down 7% at 15,939 units Vs 17,200 units (YoY) pic.twitter.com/q2E2C6mnAu— CNBC-TV18 (@CNBCTV18Live) February 1, 2024
Eicher Motors
Eicher Motors (Motorcycles) total sales are up 2% at 76,187 units vs 74,746 units (YoY).
#JanuaryAutoSales | Eicher Motors (Motorcycles) total sales up 2% at 76,187 units vs 74,746 units (YoY)#AutoSales #BudgetWithCNBCTV18 #CNBCTV18LIVE pic.twitter.com/L4O3l1ovKx
— CNBC-TV18 (@CNBCTV18Live) February 1, 2024
Maruti Suzuki
In January 2024, Maruti Suzuki India Limited sold a total of 199,364 units, which is its highest-ever monthly sales volume. Total sales in the month include domestic sales of 170,214 units, sales to other OEMs of 5,229 units and exports of 23,921 units.
#AutoSales | @Maruti_Corp Total Jan Sales At 1.99 Lk Units Vs Nomura Est Of 1.96 LK Units
Alert: Maruti Suzuki Reports Highest-ever Monthly Sales Of 1.99 Lk Units In Jan 2024🚗Total Domestic Sales Up 13.1% At 1.7 Lk Units Vs 1.55 Lk Units (YoY)🚗Total Exports Up 37.5% At… pic.twitter.com/yfyAbcBSfX— CNBC-TV18 (@CNBCTV18Live) February 1, 2024
Tata Motors
Tata Motors Ltd sales in the domestic and international markets for January 2024 stood at 86,125 vehicles, compared to 81,069 units during January 2023.
#AutoSales | @TataMotors Total Sales At 86,125 Units Vs Nomura Est Of 82,800 Units
🚗Total Sales Up 6.2% At 86,125 Units Vs 81,069 Units (YoY)🚗Total Domestic Sales Up 6% At 84,276 Units Vs 79,681 Units (YoY)🚗Total PV Sales (Including EV) Up 12% At 54,033 Units Vs 48,289… pic.twitter.com/79n0l3bN00— CNBC-TV18 (@CNBCTV18Live) February 1, 2024
Mahindra & Mahindra
Mahindra & Mahindra Ltd's total automotive dispatches rose 15% on year to 73,944 vehicles in January, according to an exchange filing. The automaker's wholesale volumes were driven by strong growth in utility vehicle sales and an uptick in commercial vehicle sales.
The company sold 43,068 utility vehicles in India in January, accounting entirely for passenger vehicle sales for the month. In the year-ago period, the company had sold 32,915 utility vehicles and 125 cars and vans.
On the commercial vehicle front, the automaker sold 23,481 units in India in January, compared to 21,724 units in the year-ago period. In comparison, its three-wheeler volumes fell 14% on year to 5,649 units.
Compared to the 15% growth in total automotive sales in India in January, the company's exports fell 42% on year to 1,746 units. It dispatched 798 utility vehicles to international markets during the month.
In the farm equipment segment, M&M's sales fell 17% on year to 23,948 tractors on account of a decline in both domestic and international sales. Its India dispatches declined 17% on year to 22,972 units, and exports slumped 25% to 976 units.
In January, "retail momentum slowed down on account of the tapering of agricultural activities," said Hemant Sikka, president of farm equipment sector, Mahindra & Mahindra. "Rabi crop output is expected to be good with prevailing cold conditions helping the key crop of wheat. The government announcement of a good estimate of horticultural production, and continued support to boost the rural economy will aid positive sentiments and support tractor demand in the coming months."
Escorts Kubota
The company reported total tractor sales down 7% at 6,185 units as against 6,649 units on a year-on-year basis.
Domestic tractor sales in January this year were at 5,817 tractors as against 6,235 tractors sold in January 2023. The delay in Rabi sowing and lower water reservoir levels especially in Central and Southern regions, has negatively impacted rural sentiments and affected tractor sales in the current month.
However, with overall improved Rabi sowing and as we move towards harvest season, we anticipate demand momentum to improve in the upcoming months.
Export tractor sales in January 2024 were at 368 compared to 414 tractors sold in January 2023.
January Auto Sales | Escorts Kubota reports total tractor sales down 7% at 6,185 units vs 6,649 units (YoY) #JanuaryAutoSales #EscortsKubota #AutoSales #BudgetWithCNBCTV18 pic.twitter.com/PGTdhRHnqo
— CNBC-TV18 (@CNBCTV18Live) February 1, 2024
Bajaj Auto January sales
Bajaj Auto Ltd's total sales rose 24% year-on-year in January to 356,010 units, while those of two-wheelers were up 27% on-year. The company's commercial vehicles sales rose 6% in January compared with the year-ago period. The Pune-based automaker dispatched 287,935 units in the year-ago period. Domestic sales in January were up 31% on year at 230,043 units, and exports were at 125,967 units compared with 112,725 units in the year-ago period.
#JanuaryAutoSales | Bajaj Auto reports total sales at 3.56 lk units vs Nomura est of 3.63 lk units
Domestic sales up 31% at 2.30 lakh units vs 1.75 lakh units (YoY)#BajajAuto #AutoSales #MonthlyAutoSales #BudgetWithCNBCTV18 pic.twitter.com/rUXUlICpK4— CNBC-TV18 (@CNBCTV18Live) February 1, 2024
Total two-wheeler sales rose 27% on year to 308,248 units. Domestic two-wheeler sales rose 36% on year to 193,350 units, and exports rose 14% to 114,898 units. Bajaj Auto dispatched a total of 47,762 commercial vehicles in January, up 6% on year. Domestic commercial vehicle sales rose to 36,693 units from 32,842 units, but exports declined 8% to 11,069 units.
—With inputs from agencies
First Published: Feb 1, 2024 9:20 AM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Congress appeals to EC to increase voting duration, says media report
Apr 28, 2024 4:04 PM
Loud echoes of Maratha reservation issue in Maharashtra
Apr 28, 2024 3:44 PM
Delhi Congress chief Arvinder Singh Lovely resigns
Apr 28, 2024 10:54 AM
Lok Sabha polls: Voter turnout in Rajasthan over 62%, down by 4% since 2019
Apr 28, 2024 8:49 AM