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Auto Sales numbers January, 2013


Ashok Leyland
Ashok Leyland (AL) reported in-line volumes in January 2013 as  Dost sales recovered after an unexpected fall in December 2012. The Dost volumes surged 79.2% sequentially to 3,698 units. The medium and heavy commercial vehicle (MHCV) segment however, continued its downward momentum and witnessed a significant decline of 25.4% yoy. Nonetheless, on a sequential basis, MHCV volumes grew by 31.2%. Source: Angel Broking

Tata Motors
Tata Motors (TTMT) reported lower-than-expected  sales for January 2013 with total volumes registering a decline of 29.5% yoy (-6% mom) to 61,660 units led by sharp decline of 28.1% yoy (-6.4% mom) in domestic sales. Light commercial vehicle sales continued momentum posting a strong growth of 14.7% yoy (down 9.2% mom). However, MHCV sales witnessed a considerable decline of 53.6% yoy leading to a 11.8% yoy (9.8% mom) decline in commercial vehicle sales. The MHCV segment continues to be impacted by the slowdown in industrial activity in the country and due to lack of freight demand. On the passenger vehicle front, total domestic volumes fell sharply by 55.6% yoy, largely on account of 60.3% yoy (flat mom) decline in passenger car sales.Source: Angel Broking

Mahindra and Mahindra
Mahindra  and  Mahindra  (MM)  reported  a  modest  volume  growth  of  4.5%  yoy (11.5% mom) in January 2013 as the farm equipment segment continued to post decline in sales. However, the automotive segment registered a healthy growth of 10.7% yoy (9.3% mom) driven by continued momentum in the passenger vehicle segment (robust growth of 32.9% yoy) on the back of the new launches XUV5OO, Quanto and Rexton. The three-wheeler and exports segments however registered a sluggish growth with volumes declining by 5.1% and 50.4% yoy respectively. In the farm-equipment segment, MM posted a decline of 9.8% yoy led by weakness in domestic markets, which posted a decline of 8.6% yoy during the month. Source: Angel Broking

Maruti Suzuki
Maruti Suzuki (MSIL) reported better-than-expected volumes in January 2013, primarily driven by a strong sequential growth in the Mini segment led by the new Alto. Total volumes registered a decline of 1.1% yoy; however they surged sharply by 20% on a sequential basis to 114,205 units. On a sequential basis, the Mini (up 41.7%), Compact (up 6.8%), Super Compact (up 30.5%) and the Utility Vehicle (up 11.9%) segments were the primary drivers of growth resulting in a strong 25.5% growth in the domestic markets. Export sales however, posted a decline of 22.3% yoy (14.5% mom) during the month; thereby restricting the overall growth. Source: Angel Broking

Hero MotoCorp
Hero MotoCorp (HMCL) registered better-than-expected performance in January with total sales posting a growth of 7.2% yoy (3% mom) to 557,797 units driven by the new launches, Ignitor, Passion X-Pro and Maestro.Source: Angel Broking

Bajaj Auto
BJAUT reported an in-line volume growth of 2.9% yoy (1.1% mom) to 347,624 units driven by a healthy growth of 9.8% yoy (2% mom) in export sales. Domestic sales however remained flat on a yoy as well as sequential basis. Motorcycle sales grew by a modest 2.4% yoy (1% mom) driven by the new launches, Discover 125ST and Pulsar 200NS. The three-wheeler segment registered a healthy growth of 6.5% yoy (1.5% mom) led by issue of fresh permits in states like Delhi, Karnataka and Jaipur. During the month, the company launched a new 100cc motorcycle, Discover T at a price of `50,500 ex. showroom Delhi. Source: Angel Broking

TVS Motor 
TVS Motor (TVSL) posted better-than-expected volumes in January 2013 registering a total volume growth of 1.4% yoy  (12.6% mom) to 175,931 units. On a sequential basis, strong growth was witnessed across the two-wheeler product segments with scooters posting a 24.8% growth and motorcycle sales registering a growth of 7.2% led by Phoenix. The moped segment witnessed a growth of 12.9% mom during the month. The three-wheeler sales too maintained momentum and posted an impressive growth of 83.9% yoy (down 1.5% mom). Source: Angel Broking

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