Auto Sales Update for October 2020
AUTO SALES UPDATE for the month of October 2020 SMIFS LIMITED 5F, Vaibhav, 4 Lee Road, Kolkata – 700020, India Auto Sales Update (October-2020) November 05, 2020 Higher demand along with lower base of last year led healthy auto sales in September Passenger Vehicles Sales for major players Particulars October September 2020 2019 YoY% 2020 MoM% Maruti Suzuki India (In- OEM) (Ex - Exports) 1,69,693 1,41,848 20 150,480 12.8 M&M (Ex - Exports) 18,622 18,460 1 14,857 25.3 Hyundai Motor India 68,835 63,610 8.2 59,913 14.9 Honda Cars 10,836 10,010 8.3 10,199 6.2 Source: Company, SMIFS Research 2W Sales for major players Particulars October September 2020 2019 YoY% 2020 MoM% Hero Moto 806,848 599,248 34.6 715,718 12.7 Bajaj Auto 512,038 463,208 11 404,851 26.5 TVS Motor 394,724 323,368 22.1 313,332 26 Honda Motorcycle & Scooter 527,180 517,845 2 526,865 0.1 Source: Company, SMIFS Research CV Sales for major players Particulars October September 2020 2019 YoY% 2020 MoM% Ashok Leyland 9,989 9,862 1 8,344 19.7 Eicher Motors 4,200 3,755 11.9 3,506 11.9 Source: Company, SMIFS Research Comments “We have seen positive sales momentum in line with market sentiment and our October results have been as per our plan. The festive buying picked up from Navratra in mid- October and we are focusing on maximizing deliveries during this period." - Rajesh Goel, Sr.
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