Auto stocks in the limelight owing to December sales

Automobile companies have started declaring their December month’s sales numbers during the first week of January. Major auto companies like Maruti Suzuki India, Eicher Motors and Bajaj Auto have announced their numbers for the last month of the calendar year. After the demonetisation drive, sales numbers of automobile companies have not been affected much as compared to the expected huge loss for the industry.

Maruti Suzuki India’s total sales are down 1 per cent at 1.17 lakh units, against 1.19 lakh units on a yearly basis. The company’s total domestic passenger vehicle (PV) sales have reduced 4.4 per cent at 1.06 lakh versus 1.11 lakh units on  a YoY basis. However, its exports are up 47.1 per cent at 11,494 units as compared to same period in the previous financial year.

Eicher Motors’ Royal Enfield sales are up 42 per cent at 57398 units in December 2016 on a yearly basis. Royal Enfield's exports are up 160 per cent at 1082 units in December 2016 on a YoY basis. Meanwhile, domestic commercial vehicles' sales are down 21 per cent at 3246 units in December 2016 on a yearly basis.

Bajaj Auto’s motorcycles’ sales have declined by 18 per cent to 203312 units in December 2016 as compared to same period in the previous fiscal. The company’s commercial vehicles' sales have reduced by 46 per cent to 22217 units in December 2016 on a yearly basis.