Automakers released June auto sales numbers. Major automakers posted a positive trend in sales figures. Tata Motors, Ashok Leyland, M&M, and other companies recorded a significant rise in sales.
The rise is on the back of lower sales figures last year when most of the companies were facing semiconductor shortages and the resulting supply constraints along with macro-economic factors like the Russia-Ukraine war and exchange volatility.
The supply chain-related bottlenecks have relatively eased by now and a few companies have onboarded new vendors to address the shortages.
Here are the major highlights:
Total domestic sales increased by 82% year-on-year to 79,606 units in June 2022.
Passenger vehicle sales in the domestic market increased by 87% to 45,197 units while commercial vehicle sales rose 69% to 37,265 units.
During the same period, total sales (domestic and export) was at 14531 units as compared to 6448 in June 2021, an increase of about 125%.
Domestic vehicle sales accounted for 13469 units in June 2022 as compared to 5851 in June 2021, an increase of 130%.
Mahindra & Mahindra's overall auto sales for the month of June 2022 stood at 54096 vehicles.
The Passenger Vehicles segment (which includes UVs, Cars, and Vans) sold 26880 vehicles in June 2022.
Exports for the month were 2777 vehicles. In the Commercial Vehicles segment, Mahindra sold 20431 vehicles in June 2022.
Maruti Suzuki sold a total of 155,857 units in June 2022 as compared to 147,368 in June 2021.
Total sales in the month include domestic sales of 125,710 units, sales to other OEMs of 6,314 units, and its highest-ever monthly exports of 23,833 units.
The company sold 6185 units of Eicher Trucks and Buses in June 2022 as compared to 2370 in June 2021, an increase of 161.0%.
Total domestic sales for the month stood at 5584 units as compared to 1760 in June 2021.
But the company’s exports fell by 1.5% to 601 in June 2022.
Hero MotoCorp reported total sales of 4.85 lakh units in June, a growth of 3.4% year on year.
TVS Motor Company sales were at 308,501 units in June 2022, a growth of 22% as against 251,886 units in June 2021.
Total two-wheelers sales grew from 238,092 units in June 2021 to 293,715 units in June 2022, a growth of 23%.
Domestic two-wheeler sales grew from 145,413 units in June 2021 to 193,090 units in June 2022. These domestic sales include the highest ever TVS iQube Electric sales of 4,667 units in June 2022.
The Company's total export sales stood at 114,449 units in June 2022 as against 106,246 units in June 2021.
Three-wheelers of the Company grew by 7% from 13,794 units in June 2021 to 14,786 units in June 2022.
The company reported a 2% y-o-y growth in its two-wheeler sales to 3,15,948 units. There was a fall of 13% in the sale of commercial vehicles this month to 31,056 units.
Total sales for the month (two-wheeler + commercial vehicle) stood at 3,47,004 units.
In its commercial vehicle sales, the company reported a decline of 19% y-o-y to 86,488 units.
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Research Analyst: Bavadharini KS