Nifty 17447.7 (1.58%)
Sensex 58562.41 (1.61%)
Nifty Bank 37269.5 (1.78%)
Nifty IT 35866.65 (1.69%)
Nifty Financial Services 18274.95 (1.64%)
Adani Ports 758.25 (1.82%)
Asian Paints 3106.00 (2.50%)
Axis Bank 697.80 (1.57%)
B P C L 391.25 (0.89%)
Bajaj Auto 3321.00 (1.05%)
Bajaj Finance 7317.00 (3.01%)
Bajaj Finserv 17573.35 (2.71%)
Bharti Airtel 715.80 (2.43%)
Britannia Inds. 3556.70 (2.37%)
Cipla 893.85 (0.52%)
Coal India 150.65 (0.00%)
Divis Lab. 4609.20 (-0.34%)
Dr Reddys Labs 4574.25 (1.18%)
Eicher Motors 2500.00 (1.14%)
Grasim Inds 1716.00 (1.81%)
H D F C 2854.00 (1.30%)
HCL Technologies 1171.40 (1.89%)
HDFC Bank 1549.80 (1.58%)
HDFC Life Insur. 685.00 (-1.35%)
Hero Motocorp 2489.40 (1.12%)
Hind. Unilever 2333.65 (0.52%)
Hindalco Inds. 454.35 (2.68%)
I O C L 120.35 (-0.21%)
ICICI Bank 756.40 (2.96%)
IndusInd Bank 941.50 (1.60%)
Infosys 1747.95 (2.12%)
ITC 223.90 (1.47%)
JSW Steel 668.95 (1.26%)
Kotak Mah. Bank 1922.60 (-0.75%)
Larsen & Toubro 1830.10 (1.78%)
M & M 833.80 (0.95%)
Maruti Suzuki 7382.95 (2.73%)
Nestle India 19420.20 (0.39%)
NTPC 127.00 (1.32%)
O N G C 148.35 (1.68%)
Power Grid Corpn 205.45 (-0.17%)
Reliance Industr 2417.60 (1.50%)
SBI Life Insuran 1165.05 (0.51%)
Shree Cement 26200.00 (1.76%)
St Bk of India 490.00 (2.79%)
Sun Pharma.Inds. 753.55 (1.32%)
Tata Consumer 765.70 (0.66%)
Tata Motors 491.95 (2.11%)
Tata Steel 1171.95 (2.02%)
TCS 3623.00 (1.07%)
Tech Mahindra 1604.90 (1.79%)
Titan Company 2399.00 (0.78%)
UltraTech Cem. 7408.00 (1.49%)
UPL 729.75 (0.39%)
Wipro 642.10 (1.53%)
Auto Sales in October 2021: Supply chain challenges continue to drag down production.
by 5paisa Research Team 02/11/2021

Several automakers witness double-digit declines on account of the global semi-conductor shortage.

Significant challenges on the supply side, including semi-conductor issues and sharp commodity inflation, continue to plague the automobile industry, which is now grappling with plummeting production. This is mainly the case with car sales in India but even two-wheeler sales took a hit ahead of the festive season as witnessed in the October 2021 sales numbers. 

Passenger Vehicles:

The domestic sales for India's largest carmaker, Maruti Suzuki India fell 33.40% on a YoY basis to 1,08,991 units in October. The Gurugram-based automaker said the shortage of electronic components continued to affect production during the month. Mahindra and Mahindra (M&M) reported domestic sales of 20,130 units during the month, registering an increase in total sales of 8.10% on a YoY basis. The company has noted an unprecedented response for its recently launched XUV 700.

On the other hand, Tata Motors was the standout name in the passenger vehicle space once again and reported a YoY domestic sales growth of 43.65 per cent in October 2021 to 33,925 units as compared to 23,617 units last year. For Tata, cars like Altroz, Nexon and Tiago have been registering consistent sales volumes. The newly launched Punch micro SUV is expected to drive sales volumes in the months ahead. These sales figures have led to a significant increase in market share with the company reporting a 13.7% market share last month - its highest in over a decade. This was against the 7.4% share held in October 2020.

Domestic PV Sales   

October 2021   

October 2020   

% change   

 

 

Maruti Suzuki   

                108,991  

                 163,656  

-33.40% 

 

 

Tata Motors   

                   33,925  

                   23,617  

43.65% 

 

 

Mahindra & Mahindra   

                   20,130  

                   18,622  

8.10% 

 

 

Two-wheelers:

The country’s largest two-wheeler maker, Hero Motocorp reported a 33.29% dip in domestic sales to 527,779 units in October 2021 as compared to 791,137 units in the same month last year. The company expects healthy retail over the coming weeks with demand in the festive season building up towards Dhanteras and Diwali.

Other two-wheeler names, notably TVS Motors and Bajaj Auto reported YoY declines in domestic sales of 14.14% and 26.02% respectively. Meanwhile, Royal Enfield a part of Eicher Motors reported a 35.39% drop in domestic sales to 40,611 units in October. While total sales of its motorcycle models with engine capacity up to 350cc fell by 38% to 37,409 units, sales of motorcycle models with engine capacity exceeding 350cc rose by 5% to 6,724 units in October 2021 over October 2020.

Domestic 2-W Sales  

October 2021   

October 2020   

% change 

 

 

Hero MotoCorp  

                527,779  

                 791,137  

-33.29% 

 

 

TVS Motor  

                258,777  

                 301,380  

-14.14% 

 

 

Bajaj Auto  

                198,738  

                 268,631  

-26.02% 

 

 

Royal Enfield 

                   40,611  

                   62,858  

-35.39% 

 

 

Commercial Vehicles (CV):

Companies in the Commercial Vehicle (CV) space saw sales mostly in the green apart from Mahindra & Mahindra which recorded a 21.56% drop in domestic sales to 18,604 units in October 2021 from 23,716 units in October 2020.

Hinduja Group flagship Ashok Leyland’s domestic sales of medium and heavy commercial vehicles were at 5,254 units as against 3,881 units in October 2020, a growth of 35%. However, sales of light commercial vehicles in the domestic market were down 4% at 4,789 units last month as against 5,004 units in October 2020. Total domestic sales were higher by 13.03%.

Domestic CV Sales  

October 2021   

October 2020   

% change  

 

 

Tata Motors  

                   31,226  

                   26,052  

19.86% 

 

 

TVS Motor  

                   13,520  

                   12,603  

7.28% 

 

 

Mahindra & Mahindra  

                   18,604  

                   23,716  

-21.56% 

 

 

Bajaj Auto  

                   19,827  

                   12,529  

58.25% 

 

 

Ashok Leyland  

                   10,043  

                      8,885  

13.03% 

 

 

Tractors:

Mahindra & Mahindra and Escorts both recorded declines in domestic sales of 0.37% and 3.27% respectively in October 2021 on a YoY basis. This was due to heavy rainfall in September and October has resulted in delayed harvesting of Kharif crop, while leading to higher reservoir levels and moisture content for Rabi crop.
 

However, the Escorts management sounded upbeat that the ensuing festive season, strong farmer sentiment, rising enquiry level driven by favourable macroeconomic factors, reasonable water level at reservoirs, and the healthy pace of Kharif sowing, will give a fillip to the segment.

Domestic Tractor Sales  

October 2021   

October 2020   

% change  

 

 

Mahindra & Mahindra  

                   45,420  

                   45,588  

-0.37% 

 

 

Escorts 

                   12,749  

                   13,180  

-3.27% 

 

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Start Investing Now!

Open Free Demat Account in 5 mins

 
 
There is some issue, try later