Auto sales February 2023 (car sales, motorcycle sales, scooter sales, truck sales, CV sales): Maruti Suzuki and Bajaj Auto reported growth in domestic sales but contraction in exports. Maruti Suzuki India — the country’s largest carmaker — registered a 9.6 per cent increase in domestic passenger and light commercial vehicle sales to 1,50,823 units. The carmaker’s passenger vehicle sales grew 10.1 per cent to 1,47,467 units in the domestic market.
Bajaj Auto reported a 36 per cent jump in total domestic sales to 1,53,291 vehicles last month compared with the corresponding period a year ago, as a slew of manufacturers of cars, two-wheelers and commercial vehicles start to release their monthly reports. Its total exports, however, fell 37.6 per cent on a year-on-year basis to 1,26,935 vehicles, according to a company statement.
Its sales of two-wheeler in the domestic market increased 24.7 per cent to 1,20,335 vehicles, and those of commercial vehicles more than double to 32,956 from 16,224 in the year-ago period.
TVS Motor Company reported total sales of 2,22,745 vehicles in the domestic market in February, marking an increase of 27.9 per cent compared with the year-ago period. Its exports, however, fell 50.4 per cent to 53,405 vehicles.
Escorts Kubota reported a 27.4 per cent year-on-year increase in sales to 7,245 tractors in the domestic market in February 2023. Its exports increased 32.2 per cent on a year-on-year basis to 566 tractors last month, according to a company statement.
The farm equipment maker said demand momentum across geographies is expected to remain strong owing to a positive overall sentiment, record rabi sowing, better crop rates, robust water reservoirs, and higher allocations to rural and agri sectors in the Union Budget.
Here’s the report card of auto sales in February 2023 so far:
| Company | Domestic sales | YoY change (%) | Exports | YoY change (%) |
| Maruti Suzuki | 1,50,823 | 9.6 | 17,207 | 28.4 |
| TVS | 2,22,745 | 27.9 | 53,405 | 50.4 |
| Bajaj Auto | 1,53,291 | 36 | 1,26,935 | -37.6 |
| Escorts Kubota | 7,245 | 27.4 | 566 | 32.2 |
(This story will be updated shortly)
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