Total sales increased by 41.6% YoY to 84,808 units, above our expectations.
Domestic sales grew by 29.3% YoY to 69,961 units, in line with expectations.
Export volumes increased by 156.2% YoY to 14,847 units, above expectations.
TVS Motor Company Ltd
Total sales were up by 11.0% YoY to 126,842 units, above our expectations.
Motorcycle sales declined by 2.3% YoY to 51,127 units
Other two-wheeler sales up by 22.1% YoY to 75,715 units
Export sales were down by 35.0% YoY to 11,747 units.
Hero Honda Motors Ltd
Total sales increased by 35.9% YoY to 415,137 units, above our expectations.
Mahindra & Mahindra ltd
Total UV sales increased by 41.8% YoY to 16,631 units, above our expectations.
Three wheeler sales declined by 15.4% YoY to 3,652
Total tractor sales increased by 1.6% YoY to 10,594 units
Tata Motors Ltd (TML)
Total sales increased by 14.3% YoY to 49,810 units.
M&HCVs sales increased by 9.6% YoY to 11,118 units.
LCVs sales increased by 42.5% YoY to 18,664 units.
Car sales increased by 20.8% YoY to 14,755 units ( includies 351 units of Fiat). TML sold 2,501 units of Nano in August 09.
Total domestic sales declined by 21.4% YoY to 47,126 units.
Export sales declined by 43.8% YoY to 2,684 units.
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