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Auto sales November 2021
Dec 1 2021 3:22PM
Tata Motors total sales rise 25% YoY in Nov 
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The auto major's sales in the domestic & international market for November 2021 stood at 62,192 vehicles, up 25.26% compared with 49,650 units during November 2020.  
 
Tata Motors total sales fell 8.31% last month compared with 67,829 vehicles in October 2021. 
The company's total domestic sales rose 21% year-on-year (YoY) to 58,073 units in November 2021 over November 2020. 

Total domestic passenger vehicles (PV) sales jumped 38% YoY to 29,778 units last month. 

In the PV category, the company's internal combustion engine vehicle sales grew 32% to 28,027 in November 2021 as against 21,228 in November 2020. In the electric vehicle segment, Tata Motor's domestic sales surged 324% YoY to 1,751 units as against 413 in November 2020. 

The company's total commercial vehicles (CV) sales rose 15% YoY to 32,245 units in November 2021. Total Medium and Heavy Commercial Vehicles (MHCVs) sale in November 2021 including M&HCV truck, buses and international business stood at 9,505 units, compared with 6,340 units in November 2020. 

Total domestic CV sales rose 8% to 28,295 units in November 2021 over November 2020. CV exports surged 124% to 3,950 units in November 2021 over November 2020. 

On a consolidated basis, Tata Motors' net loss stood at Rs 4,441.57 crore in Q2 FY22 as against net loss of Rs 314 crore in Q2 FY21. Revenue from operations grew 14.7% to Rs 61,379 crore in Q2 FY22 over Q2 FY21. 

Tata Motors, part of the Tata group, is a global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses. 

Eicher Motors Nov VECV sales grow 10% YoY
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Eicher Motors rallied 2.22% to Rs 2,423.90 after its subsidiary VE Commercial Vehicles (VECV) sold 4,085 units of commercial vehicles in November 2021, registering a growth of 10.1% on a year-on-year (Y-o-Y) basis from 3,710 units in November 2020.  
 
 
VECV, the unlisted subsidiary of Eicher Motors, had sold 5,805 units of commercial vehicles in October 2021. On a sequential basis, the commercial vehicles sales are lower by 29.62% as compared to 5,805 units sold in October 2021. 

During November 2021, the total domestic sales of Eicher trucks & buses increased by 3.5% to 3,184 units while total exports soared 65.5% to 783 units over November 2020. Sales of total Volvo trucks & buses, stood at 118 units in November 2021, recording a 20.8% fall over 149 units sold in November 2020. 

On a consolidated basis, Eicher Motors' net profit jumped 8.7% to Rs 373.20 crore on 4.9% increase in net sales to Rs 2,216.40 crore in Q2 September 2021 over Q2 September 2020. 

Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden's AB Volvo - Volvo Eicher Commercial Vehicles which operates in India's commercial vehicle space. 
 
M&M records 6% drop in Nov auto sales  
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Mahindra & Mahindra said that its overall auto sales (passenger vehicles+ commercial vehicles+ exports) for the month of November 2021 stood at 40,102 vehicles, down by 6% from 42,731 vehicles sold in November 2020.  
 
 
While domestic passenger vehicles sales rose 7% YoY to 19,458 units, domestic commercial vehicles sales fell 23% to 17,543 units in November 2021 over November 2020. 

Exports for the month of November 2021 were at 3,101 vehicles (up 90% YoY). 

Veejay Nakra, chief executive officer, automotive division, M&M, Our growth in SUVs continues with an 8% increase in the month of November. The demand remains strong across our product portfolio of SUVs, pickups, and small commercial vehicles. Momentum in exports continues with a 90% growth. The issues around semi-conductor related parts continue to remain a challenge for the industry. 

M&M's Farm Equipment Sector (FES) recorded total tractor sales (domestic + exports) of 27,681 units in November 2021, which is lower by 15% as compared with 32,726 units for the same period last year. 

Domestic sales were at 26,094 units (down 17% YoY) while Exports stood at 1,587 units (up 43% YoY) in November 2021. 

Hemant Sikka, president - Farm Equipment Sector, Mahindra & Mahindra, said,De-growth over November 2020 is due to high base of last year and incessant rains in some states. Rural sentiments continue to remain positive on account of good Rabi sowing and high reservoir levels. Escalation in procurement for Kharif crop will bring steady cash flows, which is expected to boost tractor demand going forward. 

M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. 

On a consolidated basis, the M&M Group's net profit before exceptional items rose 43% year-on-year to Rs 1,975 crore in Q2 September 2021. The Group's net profit after adjusting for exceptional items surged 214% YoY to Rs 1,929 crore in Q2 September 2021. Revenue rose 12% to Rs 21,470 crore during the period under review. 

TVS Motor sales decline 15.5% in Nov  
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TVS Motor Company registered total sales of 272,693 units in November 2021, down 15.50% as against sales of 322,709 in the month of November 2020.  
 
 
Total sales declined 23.19% last month compared with 355,033 units sold in October 2021. 
Total two-wheelers sales were at 257,863 units in November 2021, down 17.22% as against sales of 311,519 units in November 2020. Domestic two-wheeler sales stood at 175,940 units in November 2021, down 29% as against sales of 247,789 units in November 2020. 

Motorcycle sales were at 140,097 units in November 2021 as against sales of 133,531 units in November 2020. Scooter sales of the company stood at 75,022 units in November as against sales of 106,196 units in November 2020. 

The company's total exports registered a growth of 30% with sales of 96,000 units in the month of November 2021 as against 74,074 units in November 2020. Two-wheeler exports registered a growth of 29% with sales of 81,923 units in November 2021 as against sales of 63,730 units in November 2020. 

Three-wheeler sales of the company registered a growth of 33% with 14,830 units in November 2021 as against sales of 11,190 units in November 2020. 

The company's consolidated net profit jumped 29.2% to Rs 234.37 crore on 23.4% surge in net sales to Rs 6,483.42 crore in Q2 FY22 over Q2 FY21. 

TVS Motor Company is a two and three-wheeler manufacturer and is the flagship company of the $8.5 billion TVS Group. 
 
Ashok Leyland total sales decline 2% in Nov
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Ashok Leyland's total commercial vehicle (CV) sales fell 2% to 10,480 units in November 2021 from 10,659 units sold in November 2020.  
 
 
On a sequential basis, the company's total CV sales fell 5.4% from 11,079 units sold in October 2021. 
While the total sales of medium & heavy commercial vehicles (M&HCV) rose 10% to 5,608 units, sales of light commercial vehicles (LCVs) declined 12% to 4,872 units in November 2021 over November 2020. 

Ashok Leyland, flagship of the Hinduja group, is among the largest manufacturer of commercial vehicles in India and also among the biggest manufacturers of buses and trucks globally. The company reported a lower standalone loss of Rs 83 crore in Q2 FY22 as against a standalone net loss of Rs 146 crore posted in Q2 FY21. Revenue from operations rose 57% increase to Rs 4,458 crore in Q2 FY22 from Rs 2837 crores posted in Q2 FY21. 
 
Escorts Nov total sales tumble 30% YoY to 7116 units
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Escorts' total tractor sales skid 30% Y-o-Y (year-on-year) to 7,116 units in November 2021 from 10,165 units sold in November 2020.  
 
On a sequential basis, Escorts recorded a 47.34% drop in total sales in November 2021 from 13,514 units sold in October 2021. 

Domestic tractor sales in November 2021 was at 6,492 tractors as against 9,662 tractors in November 2020, registering a decline of 32.8% Y-o-Y (year-on-year). 

The delayed harvest of Kharif crops owing to the late monsoon rains this year affected the rural cash flows and hence, the retail demand. This is expected to be a temporary phenomenon and cash flows should start improving soon as Kharif harvest gets fully monetized, the company highlighted in its press statement. The industry wholesale in November 2021 was further impacted by post-season channel destocking. However, going forward, all macroeconomic factors remain in favour of the tractor industry while high inflation remains a worry impacting profitability. 

Export tractor sales in November 2021 was at 624 tractors against 503 tractors sold in November 2020, registering a growth of 24.1% on a Y-o-Y basis. 

Escorts Construction Equipment Segment (ECE) in November 2021 sold 312 machines as against 417 machines sold in November 2020, registering a fall of 25.2% year-on-year and a decline of 32.46% on a month-on-month (M-o-M) basis. 

Steep increase in commodity prices and rental rates still remains a concern for the retail customers and this seems to be a major reason in postponement of order finalisation. The southern markets remain in stress due to the extended monsoons and the delay in mobilisation of projects. Escorts will continue to remain positive on construction equipment demand due to the big tail of projects under execution under National Infrastructure Pipeline (NIP) and the new projects awarded by the Federal government. 

Escorts reported 23.7% fall in standalone net profit to Rs 173.47 crore on a 1.2% rise in net sales to Rs 1,673.85 crore in Q2 FY22 over Q2 FY21. 

Shares of Escorts were trading 0.43% higher at Rs 1,853.60 on BSE. The Escorts Group is an Indian engineering company that operates in the sectors of agri-machinery, construction and material handling equipment, and railway equipment. 
 
Bajaj Auto registers a 10% contraction in November auto sales
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Bajaj Auto's total auto sales in November 2021 stood at 3,79,276 units, down by 10% from 4,22,240 units sold in November 2020.  
 
 
On a sequential basis, the total auto sales skid 13.72% as compared with 4,39,615 units sold in October 2021. 

The company's total domestic sales dropped 20% to 1,58,755 units while export sales fell 1% to 2,20,521 units in November 2021 as compared with the same period last year. 

The company's total 2-wheeler sales declined 12% Y-o-Y (year-on-year) to 3,38,473 units during the month of November 2021. Total commercial vehicle (CV) sales, however, recorded a growth of 10% Y-o-Y to 40,803 units in November 2021. 

The company's consolidated net profit jumped 70.8% to Rs 2,039.86 crore on a 19.1% surge in net sales to Rs 8,385.78 crore in Q2 FY22 over Q2 FY21.