Auto Sales In June 2020: Bajaj Auto Sales Fell 31% Year-On-Year To 278,097 Units
Indian automakers are reporting their sales numbers for June today, amid supply-chain constraints due to the recent India-China border conflict and lingering effects of a lockdown.
Factory-gate shipments of passenger cars, two-wheelers and commercial vehicles fell in the range of 6%-79% year-on-year in June, data compiled from the reports of three brokerages—Nomura, Emkay Global and Motilal Oswal—showed. There, however, was a significant uptick compared to the previous month on improving rural demand and preference for personal vehicles amid the pandemic.
That improving rural sentiment is likely to reflect in tractor sales, which likely normalised to pre-pandemic levels in June, analysts said. Rural India also led the recovery in car and two-wheeler sales, as urban demand remained muted.
Here’s a look the auto sales in June 2020 (company data):
Bajaj Auto Sales Fell 31% Year-On-Year To 278,097 Units
Total sales of Bajaj Auto Ltd. fell 31% year-on-year to 278,097 units in June, the Pune-based two-wheeler maker said in a statement on Thursday.
- Domestic sales down 34% to 1,51,189 units
- Exports down 28% to 1,26,908 units
- Two-wheeler sales down 27% to 2,55,122 units
- Commercial Vehicle sales down 57% to 22,975 units
Hyundai India Sales Declined 54.39% Year-On-Year To 26,820 Units In June
Sales of Hyundai Motor India Ltd. fell 54.39% year-on-year to 26,820 units in June, the South Korean carmaker said in a statement on Wednesday. The company had sold 58,807 units in June last year.
- Domestic sales stood at 21,320 units vs 42,007 units a year ago.
- Exports stood at 5,500 units as against 16,800 units a year ago.
The company’s updated models have received encouraging response, Hyundai India’s Sales Director Tarun Garg said in the statement, adding that it is committed to support country's objective of reviving the economy at the earliest, he added.
Tata Motors' Total Sales Dip 82% Year-On-Year In Apr-Jun Period
Total domestic sales of Tata Motors Ltd. fell 82% year-on-year to 23,845 units in the April-June quarter, the Mumbai-based automaker said in an exchange filing on Wednesday. The company had sold 1,31, 879 units a year ago.
- Total commercial-vehicle sales fell 90% year-on-year to 10,476 units.
- Total passenger-vehicle sales fell 61% year-on-year to 14,571 units.
As on June 30, 2020, Tata Motors had cash and cash equivalents of more than Rs 5,000 crore and undrawn committed facilities of Rs 1,500 crore.
TVS Motor Sales Fell 33.2% Year-On-Year To 198,387 Units In June
Sales of TVS Motor Co. Ltd. fell 33.2% year-on-year to 1,98,387 units in June. The firm, which primarily makes two-wheelers and three-wheelers, had sold 2,97,102 units in June 2019.
- Total two-wheeler sales stood at 1,91,076 units
- Domestic two-wheeler sales stood at 1,44,817 units
- Total exports declined to 53,123 units
TVS Motor said it resumed operations in a graded manner across its factories in Hosur in Tamil Nadu, Mysuru in Karnataka, and Nalagarh in Himachal Pradesh. "The market is opening up gradually post the lockdown, and we are witnessing a positive uptake in both domestic retail as well as exports,” the Chennai-based firm said in an exchange filing on Wednesday.
The company faced supply chain constraints in June. However, it has undertaken various countermeasures, some of which have started yielding results in June itself. TVS Motor expects to overcome these issues in the month of July.
Hero MotoCorp Sales Quadrupled Month-On-Month In June
Sales of Hero MotoCorp Ltd. quadrupled month-on-month to 4,50,744 units in June, in an indication of revival of consumer demand, India’s largest two-wheeler maker said in a statement on Wednesday.
According to the company, the majority of the demand emanated from rural and semi-urban markets. It sees the momentum persisting over the next few months due to a normal monsoon, a bumper rabi crop and upcoming festive season.
Pawan Munjal, chairman and chief executive at Hero MotoCorp, saw the resurgence in sales as a clear signal of the resilience of the Indian economy. “This has vindicated our strong belief in the robust fundamentals of the Indian economy,” he said.
Sales are now at 90% of pre-pandemic levels, Hero MotoCorp said, adding that more than 95% of its customer touch points are operational.
The company has also commenced dispatches of its newest product—the Hero Xtreme 160R—to dealerships across the country. The 160-cc motorcycle will be available in two trims priced at Rs 99,950 and Rs 1.03 lakh (ex-showroom Delhi).