Auto sales bring cheer to markets

Auto majors reported quite impressive sales numbers for March 2018 and FY18. Cheering these sales numbers, Nifty Auto touched a high of 11,010.30, almost up by 2 per cent. Further, the benchmark indices Nifty50 touched a high of 10,197.55, up by 1 per cent, whereas Sensex touched a high of 33,214.04, up by 1 per cent during the day.

All automakers were trading in green. At 1:04 hours, the stock of Tata Motors was trading at Rs. 336.00 per share, up by 2.61 per cent, Maruti Suzuki was at Rs. 9,016.80 per share, up by 1.73 per cent, Bajaj Auto was at Rs. 2,791.30 per share, up by 1.54 per cent, Ashok Leyland was at Rs. 147.35 per share, up 1.41 per cent, while M&M was at Rs. 743.50 per share, up by 0.45 per cent.

Here are the highlights of the sales figure reported by the auto companies:

Tata Motors’s total sales in March 2018 stood at 69,440 units, registering 35 per cent YoY growth on account of the continued strong domestic sales performance of its Commercial and Passenger Vehicles. The company's Commercial Vehicles domestic sales in March 2018 stood at 49,174 units, showing 37 per cent growth on the back of government’s push towards infrastructure development, restriction on overloading, road construction and mining activities along with increasing demand from e-commerce & FMCG applications. Passenger Vehicles sales stood at 20,266 units, registering 31 per cent YoY growth led by increasing demand of Tiago and Tigor along with Nexon and Hexa gaining traction in the steadily growing UV Segment. The company's exports in March 2018 stood at 6,443 units showing 17 per cent YoY growth. In morning trade, the stock touched an intra-day high of Rs. 338.45, up almost by 3 per cent.

Maruti Suzuki’s total sales in March 2018 stood at 160,598 units, registering 15 per cent YoY growth. This includes 1,48,582 units in the domestic market and 12,016 units in exports. The company's domestic sales and exports in March 2018 increased by 16.1 per cent YoY and 2.1 per cent YoY, respectively. Passenger Cars segment sales have seen 13.3 per cent YoY jump in March 2018. This increase was led by 21.1 per cent YoY jump in sales from Alto and WagonR and 13.5 per cent YoY jump in sales from Swift, IGNIS, Celerio, Baleno and Dzire. Further, Utility vehicles showed 24.3 per cent YoY growth.

Bajaj Auto’s total sales in March 2018 stood at 3,34,348 units, registering 23 per cent YoY growth. The company's Motorcycles sales in March 2018 stood at 2,69,939 units, showing 11 per cent YoY growth. Commercial Vehicles sales in March 2018 stood at 64,409 units, showing massive growth of 130 per cent YoY, highest ever monthly sales. The company's domestic sales and exports in March 2018 have increased by 20 per cent YoY and 27 per cent YoY, respectively.

Mahindra & Mahindra’s total sales in March 2018 stood at 62,077 units, registering 10 per cent YoY growth. The company's Passenger Vehicles sales in March 2018 stood at 26,555 units, showing 4 per cent growth. Commercial Vehicles sales in March 2018 stood at 25,496 units, showing 11 per cent growth. The company's domestic sales stood at 58,653 vehicles in March 2018, registering a growth of 10 per cent. Exports for March 2018 stood at 3,424 vehicles, a growth of 26 per cent. It is noteworthy that the company’s Automotive Division has sold over 5 lakh units during FY18. This has been achieved by the company after a gap of 5 years.

Ashok Leyland’s total sales in March 2018 stood at 22,453 units, registering 20 per cent YoY growth. The company's M&HCV sales in March 2018 stood at 17,057 units, showing 12 per cent growth. Its LCV sales in March 2018 stood at 5,396 units, showing massive growth of 58 per cent.

Following is the summary of sales numbers for March 2018 as well as of FY18: