February auto sales data has been released, highlighting the performance of key automobile manufacturers. The numbers show a mixed trend across the industry, with some companies witnessing strong growth while others saw declines compared to the previous year.
Key Highlights from February Auto Sales
Escorts Kubota
- The company reported total tractor sales of 8,590 units, marking an 11.4% growth compared to 7,709 units in the same period last year.
M&M Auto
- Mahindra & Mahindra recorded total auto sales of 83,702 units, reflecting a 14.8% year-on-year growth from 72,923 units.
- The company’s sales surpassed estimates, showcasing strong demand across segments.
Maruti Suzuki
- The country’s largest carmaker posted total sales of 1.99 lakh units, showing a 1% increase compared to 1.97 lakh units in the previous year.
- However, the figures came in slightly below estimates.
Tata Motors
- Tata Motors reported total sales of 79,344 units, a 4.6% decline from 83,153 units last year.
- The sales data came in below poll estimates, reflecting weaker performance in certain segments.
Eicher Motors (Royal Enfield)
- Eicher Motors, through its Royal Enfield segment, registered total sales of 90,670 units, marking a 19.4% year-on-year increase from 75,935 units.
- The numbers were above estimates, indicating sustained demand for the brand.
Other Notable Performances
- SML Isuzu reported total sales of 1,288 units, reflecting a 27.5% increase from 1,010 units in the same period last year.
- TVS Motor posted total sales of 4.03 lakh units, growing by 10% from 3.68 lakh units in February last year. The figures were above estimates, suggesting strong demand across its product lineup.
The February auto sales data showcases a mix of strong performances and weaker-than-expected sales across different companies. While firms like M&M Auto, Eicher Motors, and TVS Motor delivered robust growth, others like Tata Motors and Maruti Suzuki faced challenges.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Please consult with a financial expert before making any investment decisions.