How will be the August Auto sales numbers this time? Senior Research Analyst Khushal Gupta decodes the August Auto sales numbers. Gupta added that according to the auto sales numbers, the clear indication is on commercial vehicles this time.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

As per the passenger car sales reports, Maruti Suzuki has posted better than estimated numbers. It was estimated that Maruti will post 128,500 units, but it has registered 130,700 units.  

On the other side, Mahindra & Mahindra's performance was quite weak this time. It has registered sales numbers below expectations.

Similarly, Tata Motors has been outperforming continuously. And this time also the company has posted the August sales numbers better than estimated. The company has posted 28,000 units against 25,000 estimated units.

In the VE Commercial Vehicles segment, Eicher Motors has post a robust numbers. The sales estimates were 4,200 units. However, the company has reported an increase of 94 per cent.

Similarly, in the domestic Commercial Vehicles segment, Ashok Leyland and Tata Motors have registered 48 per cent and 55 per cent growth, respectively. And both the companies have performed better than their estimations.

With the recent numbers showing in the two-wheelers category, Bajaj Auto and TVS Motors have again performed better than their estimations.

In the tractor space, the farm equipment division of M&M and Escorts has performed extremely low, and the companies have posted weak numbers.

See Zee Business Live TV Streaming Below:

So, clearly, commercial vehicles and two-wheelers are the clear winners in the August auto sales.