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| India Infoline Research Team / 14:46 , Sep 02, 2010 |
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- Maruti reported a 23.6% yoy and 3.9% mom volume growth on the back of a 32.5% yoy jump in domestic volumes. Models such as Eeco and Dzire drove volumes in C and A3 categories. In the A2 segment Maruti reported a 25.7% yoy jump despite rising competition. Exports were lower by 18.4% yoy owing to a marked slowdown in demand from Europe.
- M&M’s automotive segment registered a 31% yoy and 4.7% mom jump in volumes. Growth was seen across all categories most notably being 23.4% higher UV sales and 38.9% jump in 3-wheeler volumes. Logan sales at 801 units were the highest since April 2009. Farm equipment segment witnessed 24.9% higher volumes driven by 23% higher domestic volumes and 52% jump in exports.
- On a yoy basis, Tata Motors saw strong growth in volumes across all categories with total CV sales growing 19.6% yoy. Substantially higher Nano sales resulted in 51.2% jump in domestic passenger car volumes. Total domestic volumes were higher by 29%, while exports leaped 92.1%.
- Amongst two-wheeler players, Hero Honda reported a muted 2.3% yoy growth, while TVS Motors reported strong set of volume numbers with a 31.7% yoy growth. For TVS, Motorcycle volumes rose 30.2%, while combined scooters and moped volumes rose 32.8% yoy. Exports jumped 62% yoy.
August 2010 sales performance
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Aug-10 |
Aug-09 |
yoy (%) |
mom (%) |
YTD FY11 |
YTD FY10 |
yoy (%) |
| Hero Honda |
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| Total |
424,617 |
415,137 |
2.3 |
(0.7) |
2,086,342 |
1,900,432 |
9.8 |
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| TVS Motors |
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| Motorcycles |
66,574 |
51,127 |
30.2 |
9.0 |
328,073 |
246,903 |
32.9 |
| Scooters & mopeds |
100,535 |
75,715 |
32.8 |
(1.5) |
458,183 |
348,074 |
31.6 |
| Exports |
19,028 |
11,747 |
62.0 |
(5.2) |
93,139 |
56,164 |
65.8 |
| Total |
167,109 |
126,842 |
31.7 |
2.5 |
786,256 |
594,977 |
32.1 |
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| Maruti |
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| A1 |
1,919 |
2,734 |
(29.8) |
14.2 |
10,505 |
12,649 |
(16.9) |
| C |
14,157 |
6,601 |
114.5 |
4.0 |
61,295 |
36,136 |
69.6 |
| A2 |
65,953 |
52,473 |
25.7 |
2.9 |
300,545 |
247,321 |
21.5 |
| A3 |
10,479 |
7,821 |
34.0 |
1.2 |
49,789 |
36,869 |
35.0 |
| Total Passenger cars |
92,508 |
69,629 |
32.9 |
3.1 |
422,134 |
332,975 |
26.8 |
| MUV |
166 |
332 |
(50.0) |
(57.0) |
3,541 |
1,929 |
83.6 |
| Domestic |
92,674 |
69,961 |
32.5 |
2.8 |
425,675 |
334,904 |
27.1 |
| Export |
12,117 |
14,847 |
(18.4) |
12.8 |
63,297 |
54,707 |
15.7 |
| Total |
104,791 |
84,808 |
23.6 |
3.9 |
488,972 |
389,611 |
25.5 |
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| M&M |
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| Utility Vehicles |
20,527 |
16,631 |
23.4 |
22.8 |
91,195 |
82,039 |
11.2 |
| LCV's |
873 |
658 |
32.7 |
(13.3) |
4,858 |
4,170 |
16.5 |
| Logan |
801 |
469 |
70.8 |
6.5 |
2,869 |
2,391 |
20.0 |
| Total 4-wheelers |
22,201 |
17,758 |
25.0 |
20.1 |
98,922 |
88,600 |
11.7 |
| 3- Wheelers |
5,074 |
3,652 |
38.9 |
(35.1) |
32,974 |
16,490 |
100.0 |
| Domestic |
27,275 |
21,410 |
27.4 |
3.7 |
131,896 |
105,090 |
25.5 |
| Exports |
1,628 |
653 |
149.3 |
25.6 |
6,199 |
2,304 |
169.1 |
| Total (A) |
28,903 |
22,063 |
31.0 |
4.7 |
138,095 |
107,394 |
28.6 |
| Tractors |
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| Domestic |
12,453 |
10,110 |
23.2 |
(8.0) |
73,705 |
64,201 |
14.8 |
| Exports |
982 |
646 |
52.0 |
(7.2) |
4,472 |
2,965 |
50.8 |
| Total (B) |
13,435 |
10,756 |
24.9 |
(7.9) |
78,177 |
67,166 |
16.4 |
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| Total (A+B) |
42,338 |
32,819 |
29.0 |
0.3 |
216,272 |
174,560 |
23.9 |
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| Tata Motors |
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| M&HCV |
14,851 |
11,118 |
33.6 |
(2.7) |
72,263 |
48,402 |
49.3 |
| LCV |
20,734 |
18,644 |
11.2 |
1.4 |
96,245 |
81,824 |
17.6 |
| Utility |
2,884 |
2,609 |
10.5 |
(11.3) |
15,785 |
13,328 |
18.4 |
| Cars |
22,312 |
14,755 |
51.2 |
(9.3) |
109,514 |
68,269 |
60.4 |
| Total domestic |
60,781 |
47,126 |
29.0 |
(4.4) |
293,807 |
211,823 |
38.7 |
| Total exports |
5,157 |
2,684 |
92.1 |
21.6 |
21,641 |
10,059 |
115.1 |
| Total |
65,938 |
49,810 |
32.4 |
(2.7) |
315,448 |
221,882 |
42.2 | Source: Company, India Infoline Research
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