January 01, 1970 5:30 IST | India Infoline News Service
Hero Motocorp
Hero Motocorp reported a disappointing 11.9% yoy fall in volumes to 443,801 units, lowest since November 2010 and third consecutive month of yoy decline.
TVS Motors
TVS Motors too saw continued pressure with total volumes declining by 20.7% yoy on the back of 17.1% and 40.2% yoy fall in domestic and export volumes respectively. Amongst segments, motorcycles registered the steepest fall at 30.9% yoy closely followed by the scooters segment which reported 26.9% yoy slump.
Maruti
Maruti sold a total of 54,154 vehicles during the month of August 2012, down by 40.8% yoy. The sales figures were predictably low in the backdrop of a lockout at the Manesar plant which lasted for 20 days of the month (from July 18, 2012 to August 20, 2012). Super compact segment (Dzire) volumes contracted by 73% mom and the compact segment (Majorly swift) volumes declined by 61.6% mom. Both Swift and Dzire models are manufactured at the Manesar facility. The only highlight was the growth in UV segment wherein the Ertiga continued to show good volume traction. UV segment volumes were recorded at 6,883 vehicles for the month. A sequential surge in volumes in the Vans category (up 68.5% mom) was also encouraging even though the volumes were down 7.3% on yoy basis.
M&M
M&M reported its total auto sales for the month at 45,836 units indicating a growth of 21.6% yoy. The passenger UV segment (including Verito) continued to drive the volume growth as it grew by a healthy 39.4% yoy. Verito volumes got a boost from the refreshed version of the car which was launched towards the end of July 2012. 3W volumes declined 6.1% yoy but the sequential growth of 16.6% was encouraging (volumes highest since Jan 2012). On the auto-exports front, the performance was robust with volumes surging 56.1% yoy. Disappointment came in on the LCV and tractor volumes. LCV category sharply de-grew by 36.2% yoy and 24% qoq. The tractor segment also indicated of a slowdown with the volumes contracting by 17.3% yoy and 20% over July 2012 mainly on the back of a weak monsoon.
Tata Motors
Tata Motors reported an in line with expectations performance for the month of August 2012. Total volumes increased 12.1% yoy driven by robust performance in the passenger cars and the UV segments with an increase of 31.2% and 38% yoy respectively. Amongst the passenger cars while Nano sales were at a three month high (August 2011 Nano sales were 1,202 units), Indica sales rose 5.3% yoy but Indigo volumes declined by 28.8% yoy. Amongst CVs, while M&HCV saw a decline of 12.1% yoy, LCV segment continued to witness a strong growth at 15.6% yoy. Exports saw a muted growth of 4% yoy.
Bajaj Auto
Bajaj Auto total volumes for the month of August 2012 were at 344,906 units, a decline of 9.9% yoy. The 10% yoy decline in motorcycle volumes reflected the headwinds the industry is facing. Although the motorcycle volumes declined, but the acceptance of new Pulsar 200 NS and Discover 125 ST in domestic markets was encouraging.
In the 3W segment, the sharp improvement on sequential basis (up 15% mom) was a healthy sign and the volumes at 40,554 units were highest since February 2012. 3W exports constituted 22,300 units (7,500 units in Sri-Lanka; in line with guidance) which indicated restoration of normalcy in Sri-Lanka and Egyptian markets.
