Automotive companies provide monthly sales updates to Investors and the public to help them monitor the market performance, understand consumer behavior, and ensure transparency, and know about strategic decisions being taken within the automotive Industry.
Listed below are monthly sales updates of the Automotive companies for August 2024
Atul Auto
Atul Auto is engaged in the business of manufacturing and selling three-wheeler automobiles and the sale of spare parts related to them in the domestic and international markets. Its brands include ATUL RIK, ATUL Gem, ATUL Gemini, and many others.
Atul Auto Limited delivered sales of 2,610 units in August 2024 against the sales of 2,834 units in August 2023, following a growth in sales by 9 percent YoY.
With a market capitalization of Rs. 1,847 Crores, the shares of Atul Auto Limited hit a 5 percent upper circuit in the day’s trade at Rs. 665.85 per equity share, from its previous day’s close price of Rs. 634.15.
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TVS Motor Company
TVS Motor Company Limited is engaged in the manufacturing of motorcycles, scooters, mopeds, three-wheelers, parts, and accessories. Some of the well-known brands sold by the company are Apache RTR, TVS Jupiter, TVS IQUBE, TVS Raider, and many more.
Its Two Wheeler division registered a growth of 14 percent with sales increasing from ~3.32 Lakh units in August 2023 to ~3.78 units in August 2024. The Domestic two-wheeler segment registered growth of 13 percent with sales increasing from ~2.56 Lakh units in August 2023 to ~2.89 Lakh units in August 2024
The Electric Vehicle Segment recorded sales of 24,779 units in August 2024, with continued robust demand against 23,887 units sold in April 2023 indicating a 4 percent growth.
Three-wheeler sales registered sales of 12,747 units in August 2024 as against 13,738 units in August 2023 indicating a decline of 7 percent.
Its total exports registered a growth of 14 percent with sales increasing from 87,515 units in August 2023 to 99,976 units in August 2024. Two-wheeler exports registered a growth of 19 percent with sales increasing from 75,491 units in August 2023 to 89,768 units in April 2024.
With a market capitalization of Rs. 1,32,546 Crores, the shares of TVS Motors Company Limited were trading at Rs. 2,790 per equity share, down 0.79 percent from its previous day’s close price of Rs. 2,812.20.
Hero Motocorp
Hero Motocorp Limited is engaged in the development, manufacturing, marketing, sale, and distribution of two-wheelers, parts, and accessories related to it. Some of the well-known sold by the company are Splendor, XPulse, Xoom, Vida, and many more.
The motorcycle sales registered a growth of 6 percent YoY with sales increasing from ~4.52 Lakh units in Aug-23 to ~4.78 Lakh units in Aug-24, and on the other hand, the scooter sales declined by 7 percent from 36,531 units in Aug-23 to 34,145 units in Aug-24.
The total auto sales for the month registered a 5 percent growth with sales increasing from ~4.89 Lakh units in Aug-23 to ~5.12 Lakh units in Aug-24.
With a market capitalization of Rs. 1,11,510 Crores, the shares of Hero Motocorp Limited were trading at Rs. 5,576.05 per equity share, up 2.3 percent from its previous day’s close price of Rs. 5,451.05.
Bajaj Auto
Bajaj Auto Limited is engaged in the business of developing, manufacturing, and distributing motorcycles, commercial vehicles, Electric Vehicles, and parts associated with it.
Some of the famous vehicle brands sold by the company are Discover, Pulsar, Dominar, KTM, Avenger, Chetak, and many more through their own, joint ventures and associated Companies.
The 2-wheeler division has registered a growth of 18 percent YoY with sales increasing from ~2.85 Lakh units in Aug-23 to ~3.35 Lakh units in Aug-24.
The commercial vehicle sales delivered a growth of 11 percent YoY from 56,617 units in Aug-23 to 62,626 units in Aug-24.
Lastly, the total sales for the month of August 2024 combined with commercial vehicles and 2-wheelers grew by 16 percent YoY from ~3.42 Lakh units in Aug-23 to ~3.98 Lakh units in Aug-24.
With a market capitalization of Rs. 3,10,408 Crores, the shares of Bajaj Auto Limited were trading at Rs. 11,120.60 per equity share, up 2 percent from its previous day’s close price of Rs. 10,896.10.
Some of the automotive companies that delivered slow, mixed, or declining sales for August 2024 are Tata Motors, Eicher Motors, Maruti Suzuki, Mahindra & Mahindra, Escorts Kubota, and others.
Written by: Bharath K.S
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