Auto Sales Highlights: Maruti Suzuki, Tata Motors, Bajaj Auto, TVS, Eicher July sales a mixed bag

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Hero MotoCorp | Total sales down 12.2% at 3,91,310 units in July 

Hero MotoCorp's total sales in July come in at 3,91,310 units, marking a decline of 12.2 per cent compared with the corresponding period a year ago, according to a regulatory filing. 

According to Zee Business research, the auto maker was estimated to report total sales of 4,95,000 units for the month. 

Its total domestic sales stand at 3,71,204 units in July 2023 as against 4,30,684 units in July 2022, and exports at 20,106 units and 14,896 units respectively.

TVS Motor Company | Total sales increase 3.6% to 3,25,977 units in July, meet analysts' estimates

TVS Motor Company registers total sales of 325,977 units in July 2023 as against 3,14,639 units in July 2022, according to a regulatory filing.  

According to Zee Business research, TVS Motor Company's total sales for the month were estimated at 3,23,500 units. 

Royal Enfield | Total sales increase 31.6% to 73,117 units in July

Eicher Motors subsidiary Royal Enfield's total sales increase 31.6 per cent to 73,117 units in July, according to a regulatory filing. 

According to Zee Business research, Royal Enfield's total sales for July were estimated at 74,000 units. 

Ashok Leyland | Total sales grow 10.6% to 15,068 units in July

Ashok Leyland reports total sales of 15,068 units for July as against 13,625 units for the corresponding period a year ago. 

According to Zee Business research, the commercial vehicle maker's total sales for the month were estimated at 14,700 units. 

Mahindra & Mahindra | Total exports down 9.2% in July

M&M reports total exports of 2,540 vehicles in July 2023 as against 2,798 units in July 2022. 

Mahindra & Mahindra | Domestic SUV sales hit record 36,205 units in July

In the utility vehicles segment, Mahindra & Mahindra registers its highest-ever SUV sales in a month. Its domestic sales in the segment stand at 36,205 vehicles in July.

The auto major sells 20,898 commercial vehicles in the domestic market last month, according to a statement.  

M&M's total passenger vehicle sales in domestic market grow 29% in July

M&M reports total passenger vehicle sales of 36,205 units in the domestic market last month, as against 28,053 units a year ago. 

M&M clocks highest-ever monthly SUV sales in domestic market  

“It has been a record-breaking month for us. We are excited to clock the highest-ever SUV domestic sales of 36,205 in a month. The XUV700 tribe grew to 1 lakh strong, in a record time of 20 months. Also in July, the Scorpio brand achieved the highest sales in a month since its launch," says Veejay Nakra, President-Automotive Division at M&M. 

"We continue to receive robust demand for our key brands. We will keep a close watch on the availability of semi-conductors and select parts to ensure sustained scaleup."

Mahindra & Mahindra | Total sales grow 17.8% to 66,124 units in July, exceed Street estimates

Mahindra & Mahindra reports overall auto sales of 66,124 vehicles in July, including exports, as against 56,148 vehicles in the corresponding period a year ago. 

According to Zee Business research, M&M's total sales for the month were estimated at 63,000 units. 

Eicher Motors | Total VECV sales down 1.8% in July  

Eicher Motors reports total VECV sales of 5,877 units in July 2023 as against 5,982 units in July 2022, missing analysts' estimates. 

According to Zee Business research, total VECV sales for the month were estimated at 6,400 units. 

Eicher Motors | Total domestic sales down 0.9% to 5,311 units in July  

Eicher Motors sells 5,311 buses and trucks in the domestic market in July as against 5,360 vehicles in the corresponding period a year ago, according to a regulatory filing. 

Its exports come in at 425 units last month as against 501 units in the year-ago period. 

Bajaj Auto July sales fall short of analysts' estimates

The company reports total sales of 3,19,747 vehicles last month as against 3,54,670 units in July 2022, and two-wheeler sales of 2,68,840 units as against 3,15,054 units in the year-ago period. 

According to Zee Business research, Bajaj Auto's total sales in July 2023 were estimated at 3,28,000 units and two-wheeler sales at 2,80,000 units. 

Bajaj Auto | Bajaj Auto domestic sales decline 2% in July 

Bajaj Auto reports domestic sales of 1,79,263 vehicles in July, as against 1,82,956 vehicles in the corresponding month a year ago. Its exports come in at 1,40,484 vehicles as against 1,71,714 vehicles a year ago, according to a regulatory filing. 

Two-wheeler retail sales volumes likely to have grown in double-digits in July: Anand Rathi 

Analysts expect sales volumes in the segments of passenger vehicles and two-wheelers to have registered modest growth owing to a high base in the corresponding period a year ago. According to Anand Rathi, while retail volumes in two-wheelers are likely to have grown in double-digits in July, those in passenger vehicles are likely to have remained steady. The high base last year, according to the brokerage, was on account of an earlier festive season. 

Anand Rathi has a positive view on the auto space, with Hero MotoCorp and Ashok Leyland as its preferred picks. 

Here's a summary of the brokerage's estimates for auto makers for the month: 

Read more on what to expect from auto makers in July