Revving Up: Catch the Exciting November 2023 Auto Sales Highlights!

Revving Up: Catch the Exciting November 2023 Auto Sales Highlights!
Revving Up: Catch the Exciting November 2023 Auto Sales Highlights!

by Tanushree Jaiswal Last Updated: Dec 01, 2023 - 04:05 pm 745 Views
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Escorts Kubota Ltd. witnessed a 4% increase in its total dispatches to dealerships, reaching 8,258 units, reflecting a 3.7% YoY growth. The rise in total dispatches to dealerships for Escorts Kubota Ltd. was mainly due to increased sales within the domestic market. The company reported that overall festive demand remained robust, except in a few states where it was slightly affected by insufficient or untimely rainfall, as mentioned in their official release.

Sales Snapshots (YoY)

•    Domestic sales surged, rising by 6.7% to 7,855 units.
•    However, exports faced a decline, dropping by 32.9% to 403 units.

Bajaj Auto

Bajaj Auto Ltd. saw a 33% increase in the dispatch of two-wheelers compared to the previous year, totaling 3.49 lakh units. This growth was fueled by a rise in domestic dispatches, which gained momentum as channel inventories decreased during the festival season..

Sales Snapshots (YoY)

•    Total sales for Bajaj Auto rose by 31%, reaching 4.03 lakh units.
•    Three-wheeler sales increased by 21% to 53,955 units.
•    Domestic two-wheeler sales sore by 77% to 2.19 lakh units.
•    Two-wheeler exports declined by 6% to 1.30 lakh units.

Mahindra & Mahindra

Mahindra & Mahindra Ltd. reported a 32% rise in utility vehicle sales, totaling 39,981 units in November. Despite facing supply challenges on specific components during the month, Veejay Nakra, President of the Automotive Division
Commenting on tractor sales, Hemant Sikka, President of the Farm Equipment Sector, highlighted the high demand during the festive season, especially on occasions like Dhanteras and Diwali.

Sales Snapshots (YoY)

•    Sales of medium-duty light commercial vehicles grew 7%, reaching 17,284 units.
•    Three-wheeler sales increased by 26% to 6,568 units.
•    Tractor sales grew 5% totaling 32,074 units.

Tata Motors

Tata Motors Ltd. reported a 1% decline in total dispatches to dealerships, amounting to 72,647 units in November, with both passenger vehicles and commercial vehicles registering reduced sales.

Sales Snapshots (YoY)

•    Passenger vehicle sales decreased 1% totaling 46,143 units.
•    Sales of electric passenger vehicles increased 7%, reaching 4,761 units.
•    Overall commercial vehicles segment declined 4% to 28,029 units.
•    Heavy commercial vehicle sales grewt 1% totaling 8,253 units.
•    Small commercial cargo and pickup vehicle sales decreased 9% to 11,811 units.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.

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