Auto Sales Numbers- April 2013

Hero MotoCorp 

Hero MotoCorp (HMCL) registered slightly lower-than-expected volumes in April 2013 with total sales posting a decline of 9.5% yoy to 499,113 units. Considering the ongoing slowdown in the two-wheeler industry the company lowered its dispatches to the dealers in order to prevent unwarranted build-up in inventory. However, retail sales of the company outpaced the wholesale sales and stood at 550,000 units. Source: Angel Broking

Mahindra and Mahindra 

Mahindra and Mahindra (MM) reported an in-line volume growth of 12.4% yoy to 64,634 units driven by a strong growth of 38.1% yoy (33.9% mom) in the tractor segment. According to the management, the growth in the tractor segment was driven on the back of improved market sentiments in the expectations of a normal 

monsoon. However, the automotive segment (lower-than-expected performance) registered a sluggish growth of 1.8% yoy as the passenger vehicle segment posted almost flat growth during the month. The pick-up segment on the other hand witnessed a healthy growth of 10.4% yoy. Source: Angel Broking

Maruti Suzuki 

Maruti Suzuki (MSIL) reported slightly lower-than-expected volumes for the month on the back of the sharp fall in export volumes (down 33.3% yoy) and also due to the slowing sales momentum in the Utility Vehicle (down 4.9% yoy) and Compact segments. During the month, while the Mini segment registered a growth of 13.7% yoy largely due to the low base of last year, the Super Compact segment posted a strong growth of 25.4% yoy led by Dzire.Source: Angel Broking

Tata Motors 

Tata Motors (TTMT) continued with its poor performance in the passenger vehicle segment (down 48.9% yoy) which resulted in a 14.9% yoy decline in total volumes to 51,160 units in April 2013. The commercial vehicle sales though posted a modest growth of 4% yoy. During the month, the growth in the light commercial vehicle segment slowed down considerably and the company managed to grow at a rate of only 4.9% as against a growth of 18% recorded in FY2013. The medium and heavy commercial vehicle sales posted a flat growth on the back of the low base of last year. Source: Angel Broking

TVS Motor 

TVS Motor (TVSL) reported an in-line volume performance with total volumes posting a decline of 5.3% yoy (1.4% mom) to 165,215 units. The company continued with its weak performance in the two-wheeler segment (down 6.4% yoy) led by sluggish demand in the motorcycle and scooter segments due to which the 

sales in the segments declined by 0.2% and 17.1% yoy respectively. On the positive side, the three-wheeler sales continued its strong momentum and posted a growth of 62.3% yoy driven by exports. The overall exports however, registered a decline of 2.5% yoy during the month. Source: Angel Broking