Indian automakers today announced their February sales figures. Maruti Suzuki’s sales have increased while exports have declined. At the same time, there has been a sharp decline in the 2-wheeler sales of Bajaj Auto. At the same time, the performance of Escorts Kubota tractor sales has been better.
Maruti Suzuki’s total sales up by 5%
Maruti Suzuki’s total sales in February increased by 5% to 1.72 lakh units. Exports fell by 28.4% to 17,207 units. At the same time, the mini and compact segment has increased by 4.4% to reach 1.01 lakh units.
Feb Auto Sales: Maruti Suzuki (YoY)
- Total sales up 5% at 1.72 lakh units
- Mini & Compact segment grew by 4.4% to 1.01 lakh units
- Utility Vehicles up 32.3% to 33,550 units
- Exports fell 28.4% to 17,207 units
Bajaj Auto’s two-wheeler sales down 16%
Bajaj Auto’s February sales figures have been poor. Total sales fell 11% to 2.80 lakh units in February. The performance of the company’s two-wheeler segment has not been great with sales falling by 16% to 2.35 lakh units.
Feb Auto Sales: Bajaj Auto (YoY)
- Total sales fell 11% to 2.80 lakh units
- 2-wheeler sales down 16% to 2.35 lakh units
- Commercial vehicle sales up 22% to 44,870 units
- Exports fell 38% to 1.26 lakh units
- Domestic sales up 36% to 1.53 lakh units
Escorts Kubota tractor sales up 27.8%
Escorts tractor sales grew by 27.8% in the month of February. Tractor sales have increased by 27.8% to 7,811 units on an annual basis. At the same time, domestic tractor sales increased by 27.4% to 7,245 units.
Feb Auto Sales: Escorts Kubota
- Total tractor sales up 27.8% (YoY)
- Tractor sales up 27.8% to 7,811 units (YoY)
- Exports up 32.2% to 566 units (YoY)
- Domestic tractor sales up 27.4% to 7,245 units
- Construction equipment sales up 21.8% to 470 units
Ashok Leyland’s total sales grew by 27%
Ashok Leyland’s total sales in February increased by 27% to 18,571 units. At the same time, heavy commercial vehicle sales have increased by 35% to 12,668 units.
Feb Auto Sales: Ashok Leyland (YoY)
- Total sales up 27% to 18,571 units
- Heavy commercial vehicle sales up 35% to 12,668 units
- Light commercial vehicle sales up 12% to 5,903 units
Analysts expect passenger vehicle sales to show signs of moderation and two-wheeler demand to see a gradual recovery, while rural markets remain weak. Commercial vehicles are expected to remain in strong demand, while tractors may also see it double.