Hero MotoCorp, Bajaj, TVS Motor Record Double Digit Sales Slump in February

Hero MotoCorp, Bajaj, TVS Motor Record Double Digit Sales Slump in February

by Jyoti
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Leading two-wheeler producers Hero MotoCorp, Bajaj Auto and TVS Motor Company on Monday reported a double-digit decline in gross sales in February as in comparison with the year-ago interval, impacted by BS-VI transition and element provide disruption as a consequence of coronavirus outbreak in China. On the opposite hand, Suzuki Motorcycle and Royal Enfield posted a single-digit enhance in gross sales final month. The nation’s largest two-wheeler maker Hero MotoCorp reported a 19.27 per cent decline in whole gross sales at 4,98,242 items in February. The firm had offered 6,17,215 items within the corresponding month of the earlier yr, Hero MotoCorp mentioned in a press release.

Total bike gross sales final month stood at 4,79,310 items as towards 5,58,884 items in February 2019, down 14.23 per cent. Total scooter gross sales declined 67.54 per cent to 18,932 items as in comparison with 58,331 items within the year-ago month, it added. In the home market, gross sales had been at 4,80,196 items final month as in contrast with 6,00,616 items in the identical interval a yr in the past, down 20.04 per cent. Hero MotorCorp mentioned its exports final month had been at 18,046 items as in comparison with 16,599 items in February 2019. The two-wheeler main mentioned it has moved forward to manufacturing solely BS-VI automobiles and stopped the manufacturing of all BS-IV two-wheelers in February.

The ongoing COVID-19 subject had adversely impacted manufacturing on the firm’s manufacturing services final month. “Since then, substantial progress has been made in developing alternate sources for procuring components. Meanwhile, the component makers in China, having restarted production, are also expected to resume normal supplies soon,” Hero MotoCorp mentioned. Similarly, TVS Motor Company reported a 15.39 per cent decline in whole gross sales at 2,53,261 items in February on account of BS-IV discount and influence of components to provide disruption as a consequence of coronavirus outbreak. The firm had offered 2,99,353 items in February 2019.

“As planned, the company is on track to reducing dealer level BS-IV stock in the domestic market and is confident of retailing it this month,” it mentioned. In addition, the outbreak of coronavirus (COVID-19) impacted the availability of sure parts for the manufacturing of BS-VI automobiles. All efforts are on to normalise this on the earliest, it added. Total two-wheelers gross sales had been at 2,35,891 items in February 2020 as towards 2,85,611 items in the identical month final yr, down 17.Four per cent.

Domestic two-wheeler gross sales final month stood at 1,69,684 items as in comparison with 2,31,582 items in February 2019, a decline of 26.72 per cent. Motorcycle gross sales had been down 3.29 per cent to 1,18,514 items in February 2020 as in comparison with 1,22,551 items within the year-ago month. Scooter gross sales additionally declined by 30.25 per cent to 60,633 items as towards 86,935 items in February 2019, TVS Motor Co mentioned. Total three-wheeler gross sales, nevertheless, grew by 26 per cent to 17,370 items final month as in comparison with 13,742 items in February 2019. Similarly, whole exports additionally grew by 25 per cent to 82,877 items in February 2020 as in comparison with 66,570 items in the identical month final yr, the corporate mentioned.

Bajaj Auto additionally reported a 10 per cent decline in whole gross sales at 3,54,913 items in February as towards 3,93,089 items in the identical month final yr. Total home gross sales declined by 24 per cent to 1,68,747 items final month as in comparison with 2,21,706 items in February 2019, Bajaj Auto mentioned in a press release. On the opposite hand, area of interest bike maker Royal Enfield reported 1 per cent progress in whole gross sales at 63,536 items in February as in contrast with 62,630 items in February final yr. Domestic gross sales stood at 61,188 items final month as towards 60,066 items in February 2019, up 2 per cent. Exports declined eight per cent to 2,348 items as towards 2,564 items in the identical month earlier yr, it mentioned.

Similarly, Suzuki Motorcycle India Pvt Ltd (SMIPL) posted a 3.5 per cent enhance in whole gross sales at 67,961 items final month. It had offered 65,630 items within the year-ago interval. The firm’s home gross sales throughout February this yr stood at 58,644 items as in comparison with 57,174 items offered within the year-ago month, a progress of two.57 per cent. “Inching closer to the end of the current fiscal year, we are happy with our sustained growth momentum,” SMIPL Managing Director Koichiro Hirao mentioned. In the four-wheeler phase, Toyota Kirloskar Motor (TKM) reported a 9.1 per cent decline in whole automobile gross sales at 11,356 items in February as towards 12,497 items in the identical month final yr.

In the home market, the corporate posted gross sales of 10,352 items final month, down 11.9 per cent from 11,760 items in February 2019, TKM mentioned in a press release. “We have smoothly transitioned to BS-VI manufacturing and started delivering BS-VI vehicles to our customers before the stipulated deadline of April 2020. A total of 31,853 BS-VI vehicles have been dispatched to our dealerships till date,” TKM Senior Vice President (Sales and Service) Naveen Soni mentioned.

On Sunday, Tata Motors, Mahindra and Mahindra (M&M) and MG Motor India mentioned that they had been going through challenges by way of element provide from coronavirus-hit China. However, main vehicle producers Maruti Suzuki, Hyundai and Toyota Kirloskar Motor mentioned they don’t see any rapid influence on their manufacturing schedules as a consequence of disruption within the provide of parts from vegetation situated in China. The corporations, nevertheless, mentioned they proceed to observe the scenario carefully, particularly the operations of their main suppliers, with a purpose to face any antagonistic scenario which will crop up sooner or later.



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