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Seasonality hits auto sales

Eastern Financiers | 05 May, 2011  | Follow Author | Add to my Favourites 
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Auto: April sales updates

Automobile sales on monthly basis has moderated during the month on seasonality factor. Given the current stressed interest rate scenario and economic growth forecast the outlook for the industry appears dubious. Growth forecast for the fiscal ahead has been moderated at 8% against prior years anticipation growth of around 8.6%.

Automobile sales that perceived healthy growth last month with most leaders setting new records at the end of the fiscal such as Maruti Suzuki, Hero Honda, Mahindra & Mahindra, TVS Motors and Bajaj Auto, buckled its trend towards moderate growth in the first month of FY12 with companies reporting murky set of numbers equated to prior month and restrained on an yearly basis.

Maruti Suzuki: Maruti Suzuki sales for April nudged up by a tad 4.4% at 97155 units, compared to 93,058 vehicles sold in the corresponding period of 2010. Its total sales has declined by 20.33%, while exports dipped by 13.16% and domestic sales dropped almost 21% on monthly basis.

Tata Motors: Tata Motors total sales (including exports) of Tata commercial and passenger vehicles in April 2011 stood at 64383 units, growth of 12.56% over 57199 units sold in April 2010. The company's domestic sales for April 2011 grew by 11.21% at 60125 units over 54062 units sold in April 2010 with Nano documenting its highest ever sales at 10012 units.

Mahindra & Mahindra: Mahindra & Mahindra announced a 19.54% rise in its auto sales numbers, which stood at 50620 units during April 2011 as against 42345 units during April 2010, including the farm equipment segment.

Ashok Leyland: Ashok Leyland has posted dismal set of numbers for the first month of the fiscal after posting an all time high annual and monthly sales for the fiscal ending March 2011. The company has registered de-growth of 14.72% and 54.45% on y-o-y and m-o-m basis respectively at 5543 units for April 2011.

Hero Honda: Hero Honda surpassing its highest ever monthly sales of 515,852 units in March 2011, registered new high of 517099 units during April 2011. This is a growth of 39.14% over the corresponding month in 2010 when the company had sold 371652 units.

TVS Motors: TVS Motors overall growth in sales has been reported at 167744 units against 147172 units in April 2010 reflecting growth of 13.98%. The growth was led by the company's scooter sales and international business. The company’s April 2011 sales decelerated by 23.12% on a month-on-month basis.

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

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