Auto sales numbers for February 2019

Major auto companies have reported sales numbers for the month ended February 2019. Of the Nifty Auto stocks, here is the sales figure for four companies namely Maruti Suzuki, M&M, Bajaj Auto and Ashok Leyland.

Maruti Suzuki, a leader in passenger car space, posted poor sales numbers. The company sold total 1,48,682 units in February 2019 as against 1,49,824 in February 2018. This includes 1,39,100 units in the domestic market and 9,582 units of exports. The domestic sales during the month have grown merely by 0.9% YoY while the export sales declined by 19.6% YoY.

Mahindra & Mahindra, with presence from 2-wheeler to tractor segment, posted decent sales numbers. It sold 56,005 vehicles during February 2019 vs 51,127 vehicles in February 2018, a growth of 10% YoY. This includes 52,915 units in the domestic market and 3,090 units of exports. The domestic sales grew by 9% YoY and export sales grew by 16% YoY. The growth seen in passenger vehicle was up by 17% while in utility vehicles up by 16%.

Bajaj Auto, a global two-wheeler and three-wheeler manufacturer, posted decent numbers during the month. It sold 3,93,089 units in February 2019 as against 3,57,883 units in February 2018, a growth of 10% YoY. The domestic sales grew by 4% YoY while exports grew by 19% YoY. The export sales of motorcycles and commercial vehicles rose by 16% and 37% YoY, respectively.

Ashok Leyland, which offers a range of trucks and heavy vehicles, posted poor numbers for the month. The total number of vehicles sold in February 2019 was 18,245 vs 18,181 in February 2018. Domestic sales grew merely by 1% with sales of 17,352 vehicles in February 2019 vs 17,213 vehicles in February 2018.

With this, Nifty Auto opened at 8,408.30 on Friday. During the day it made intra-day high of 8,440.25 and intra-day low of 8,362.80.