The Indian automobile industry releases its monthly sales updates during the first week of each month, providing valuable insights into sector performance and trends.
Major automakers such as Maruti Suzuki, Hyundai, Mahindra, and Tata, among others, released their domestic wholesale and retail sales figures for the previous month. These figures cover passenger vehicles, commercial vehicles, two-wheelers, and sometimes electric vehicles (EVs).
This automobile sales data serves as a real-time snapshot of consumer demand, shifts in market share, and the overall health of the automotive sector, influencing market movements
Below are three prominent large-cap companies that have reported increased sales in June 2024:
Hero MotoCorp Limited
Hero MotoCorp Limited is engaged in the manufacturing and selling of motorized two-wheelers, spare parts, and related services.
With a market cap of Rs. 1.11 lakh crore, the shares of the world’s largest manufacturer of motorcycles and scooters surged by 1.7 percent to Rs. 5,698.5 in the trading session of Tuesday, as against its previous closing price of Rs. 5,602.25.
Total sales of motorcycles and scooters reached 5,03,448 units in June 2024, marking a robust 15 percent increase from the 4,36,993 units sold in June 2023.
In the domestic business, the company sold 4,91,416 units during the month, reflecting a notable 16 percent growth compared to 4,22,757 units sold in June 2023.
For the quarter ended June 2024, the company’s total sales grew by 13.5 percent over the previous year, reaching 15.35 lakhs in Q1 FY24-25, up from 13.52 lakhs in Q1 FY23-24.
The stock has delivered positive returns of nearly 91.7 percent in one year and around 35 percent year-to-date.
Maruti Suzuki India Limited
Incorporated in 1981, Maruti Suzuki India Limited, a subsidiary of Suzuki Motor Corp., is engaged in the business of manufacturing and sale of passenger and commercial vehicles, along with selling aftermarket parts and accessories.
With a market cap of Rs. 3.78 lakh crore, the shares of India’s largest passenger car company surged by nearly 0.4 percent to Rs. 12,149 in the trading session of Tuesday, as against its previous closing price of Rs. 12,106.55.
In June 2024, the company achieved sales totaling 1,79,228 units showing an increase of 12% over the previous year. This figure comprises 1,39,918 units sold domestically, 8,277 units sold to other OEMs, and 31,033 units exported internationally.
The stock has delivered positive returns of around 24.4 percent in one year and 17 percent year-to-date.
TVS Motor Company Limited
TVS Motor Company is an Indian automobile manufacturing company focused on the production of two-wheeled vehicles. The company principally manufactures motorcycles, scooters, mopeds, three-wheelers, and related spare parts and accessories.
With a market cap of Rs. 1.1 lakh crore, the shares of a leading global manufacturer in the two and three-wheeler sector surged by 0.6 percent to Rs. 2,369.2 in the trading session of Tuesday, as against its previous closing price of Rs. 2,354.45.
In June 2024, TVS Motor Company reported monthly sales of 3,33,646 units, marking a 5 percent increase, compared to 3,16,411 units in June 2023.
Motorcycle sales grew by 3 percent, rising from 1,48,208 units in June 2023 to 1,52,701 units in June 2024. Scooter sales saw a 6 percent increase, climbing from 1,21,364 units in June 2023 to 1,28,986 units in June 2024.
Electric vehicle (EV) sales experienced a notable 10 percent growth, increasing from 14,462 units in June 2023 to 15,859 units in June 2024. Three-wheeler sales amounted to 11,478 units in June 2024, slightly down from 12,010 units in June 2023.
The stock has delivered positive returns of nearly 77.2 percent in one year and around 15.6 percent year-to-date.
Written by Shivani Singh
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