Check Out August 2024 Auto Sales: Shares in Focus

The Indian automobile industry has historically been a good indicator of the economy’s health, as the automobile sector plays a significant role in both macroeconomic expansion and technological advancement. The Indian passenger car market was valued at US$ 32.70 billion in 2021, and it is likely to reach US$ 54.84 billion by 2027, registering a CAGR of over 9% between 2022 and 27.

The automakers release their sales data every month as part of the regulatory requirement. During August 2024, the auto players posted mixed numbers, wherein a few two-wheelers recorded growth in sales, and car makers delivered a slump in sales.

• Maruti’s total sales include domestic sales of 1,45,570 units, sales to other OEMs of 10,209 units and exports of 26,003 units.
• Tata Motors’ domestic sales of MH&ICV, including trucks and buses, stood at 12,008 units in August 2023, compared to 13,506 units in August 2023.
• Total two-wheelers sales by TVS Motors registered a growth of 14%, with sales increasing from 3,32,110 units in August 2023 to 3,78,841 units in August 2024
• Hero MotoCorp registered a month-on-month growth of 38% in its overall dispatch volumes and sold 24,17,790 units in FY’25 (Apr-Aug), a growth of 8% over the corresponding period of FY’24.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.