Feb Auto Sales: Here's what to expect from Maruti, Tata Motors & other top automakers
By Saloni Goel, ETMarkets.com |
1/10
In Focus
Strong double-digit year-on-year (YoY) growth in Feb 2024 is likely for 2W wholesale volumes due to good demand (retails up ~10%) and a favourable base. PV volumes are likely to have grown at a healthy pace led by positive retail trends (retails up ~4%) and inventory build. CVs, though, are likely to have slid in single digits due to weak LCV volumes and a high base. Tractors are likely to have declined by low double digits due to the festival timing and challenges in the west/south. In the near term, the high base would lead to muted CV and tractor growth. Here's a look at auto sales expectations for top automakers in February. (Data Source: Anand Rathi)
2/10
Maruti Suzuki
Sales expectations: 180,000 units
YoY Change: 4%
MoM Change: -10%
YoY Change: 4%
MoM Change: -10%
3/10
M&M
Sales expectations: 88,000 units
YoY Change: 4%
MoM Change: -10%
YoY Change: 4%
MoM Change: -10%
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4/10
Tata Motors
Sales expectations: 79,000 units
YoY Change: 1%
MoM Change: -6%
YoY Change: 1%
MoM Change: -6%
5/10
Ashok Leyland
Sales expectations: 26,400 units
YoY Change: -13%
MoM Change: 4%
YoY Change: -13%
MoM Change: 4%
6/10
Bajaj Auto
Sales expectations: 325,000 units
YoY Change: 16%
MoM Change: -9%
YoY Change: 16%
MoM Change: -9%
7/10
Hero Moto
Sales expectations: 425,000 units
YoY Change: 8%
MoM Change: -2%
YoY Change: 8%
MoM Change: -2%
8/10
TVS Motors
Sales expectations: 328,000 units
YoY Change: 19%
MoM Change: -3%
YoY Change: 19%
MoM Change: -3%
9/10
Escorts Kubota
Sales expectations: 6900 units
YoY Change: -12%
MoM Change: 12%
YoY Change: -12%
MoM Change: 12%