As Indian automobile companies announced their November numbers, here is an overview of the performance of major companies.
Maruti Suzuki : While their numbers stood similar to that of November 2019 with a slight 1.7% rise, we must point out the improved exports with a 29.7% rise.
Mahindra : Although 3-wheeler sales fell sharply, the 24% rise in passenger vehicle sales helped Mahindra record a 3.6% increase in overall sales.
However, things are more than okay at their tractor division, recording 56% increase in sales number. The government focus on agriculture has definitely helped this number.
Tata Motors : TaMo has been the talk of Dalal street for sometime now with their demand sky-rocketing. No wonder they doubled their sales in the consumer passenger vehicle segment and contributing the major chunk to the overall sales rise of 20.7%
Hero : India's top motorcycle compay displayed another stellar performance with their total sales up 14.4% and exports crossing the 15k mark which was under 11k in 2019 November,
TVS : Another veteran brand showed great set of numbers with sales increasing 21.1% year or year and exports remaining in level with the 2019 numbers.
Eicher Motors : The results announced are only of their truck and bus business including Volvo trucks. The sales rose 3.2% YoY although exports declined. Not excellent, but yeah, it went par with street estimates.
Bottom line: The recover is on..!