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Automobile monthly volume update - June 2012

Automobile monthly volume update

January 01, 1970 5:30 IST | India Infoline News Service

M&M – June 2012 Volume update

  • While M&M has not declared its tractor segment volumes, its auto segment volumes continued to show a robust trend.
  • Total automotive segment volumes were higher by 21.3% yoy with strong gains across most categories except 3-wheeler (de-growth of 6.1% yoy). Passenger UVs and Verito registered 35.1% yoy growth while LCV segment grew by 20.8% yoy. 
  • The total domestic volumes were higher by 20.7% yoy and export volumes were higher by 30.8% yoy.
  • On sequential basis, the total auto volumes dipped by 5.9%, led by 6% fall in passenger UVs + Verito segment and a sharp decline of 41.5% in exports.
  • For Q1 FY13, total volumes were higher by 23.6% yoy at 126,029 vehicles.
M&M June 2012 volume

 Jun-12 Jun-11 yoy (%) May-12 mom (%) YTD FY13 YTD FY12 yoy (%)
Passenger Uvs + Verito 21,012 15,553 35.1 22,364 (6.0) 60,003 44,407 35.1
4W pick ups 13,103 11,560 13.3 13,254 (1.1) 39,411 31,056 26.9
3W 4,836 5,149 (6.1) 4,320 11.9 13,815 14,058 (1.7)
Total M&M Auto 38,951 32,262 20.7 39,938 (2.5) 113,229 89,521 26.5
LCV 1,220 1,010 20.8 1,210 0.8 3,458 2,952 17.1
Total Auto (domestic) 40,171 33,272 20.7 41,148 (2.4) 116,687 92,473 26.2
Exports 2,371 1,812 30.8 4,050 (41.5) 7,841 5,717 37.2
Total Auto 42,542 35,084 21.3 45,198 (5.9) 124,528 98,190 26.8
Source: Company, India Infoline Research


Maruti Suzuki – June 2012 Volume update

  • Maruti Suzuki June 2012 volumes were slightly ahead of our estimates. Total volumes jumped 20.3% yoy owing to low base effect which was due to the labour strike at Manesar plant in June 2011 for 13 days.
  • Total domestic volumes were higher by 19.3% yoy. Yoy growth was driven by sharp jump in Swift and Dzire volumes as the production of these models were the most impacted during the strike. Also the new variants of both these models have been well accepted in the markets. Successful launch of Ertiga also helped the company gain traction in volumes with total UV sales at 5,638 units vis-à-vis 185 in June 2011. However, performance of vans segment was disappointing with a 43.2% yoy fall. Mini segment volumes were lower by 10.4% yoy.
  • On a sequential basis, Mini segment saw a jump of 14.4% on the back of increasing discounts the company has been offering recently. However, compact and super compact segment saw declines of 6.9% and 22.4% respectively as the weak consumer sentiment caught up with the demand for Swift and Dzire models. Total sales were down 2.3% on mom basis.
  • Export sales were at 13,066 (an increase of 27.1% yoy and 39% mom), which was ahead of our expectations.
Maruti Suzuki June 2012 volume
  Jun-12 Jun-11 yoy (%) May-12 mom (%) YTD FY13 YTD FY12 yoy (%)
A: Mini 34,198 38,183 (10.4) 29,895 14.4 94,813 122,052 (22.3)
A: Compact 22,624 16,239 39.3 24,290 (6.9) 72,986 55,651 31.1
A: Super Compact 13,741 2,486 452.7 17,707 (22.4) 46,958 25,095 87.1
A: Midsize 408 713 (42.8) 405 0.7 1,447 5,517 (73.8)
A: Executive 6 32 (81.3) 12 (50.0) 21 117 (82.1)
Total Pass cars 70,977 57,653 23.1 72,309 (1.8) 216,225 208,432 3.7
Uvs 5,638 185 2,947.6 7,734 (27.1) 18,965 1,502 -
Vans 6,916 12,182 (43.2) 9,435 (26.7) 28,074 40,749 (31.1)
Total Domestic 83,531 70,020 19.3 89,478 (6.6) 263,264 250,683 5.0
Exports 13,066 10,278 27.1 9,406 38.9 32,632 30,843 5.8
Total volumes 96,597 80,298 20.3 98,884 (2.3) 295,896
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