The February auto sales data has been released, showing mixed performance across key players. While some companies reported strong growth, others saw declines.
Key Highlights
- M&M Auto: Total auto sales stood at 83,702 units, surpassing the poll estimate of 81,840 units (Positive).
- TVS Motor: Total sales in February reached 4.03 lakh units, exceeding estimates of 3.90 lakh units (Positive).
- Eicher Motors: February commercial vehicle sales rose to 8,092 units, up from 7,424 units YoY (Positive).
- Maruti Suzuki: Reported total sales of 1.99 lakh units, below the estimated 2.05 lakh units (Neutral).
- Tata Motors: Sales stood at 79,344 units, reflecting a 9% decline YoY (Neutral).
While M&M, TVS Motor, and Eicher Motors posted strong numbers, Tata Motors and Maruti Suzuki fell short of expectations.
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.
