Let's know how automakers fared in May 2021!

Bajaj Auto posted a jump in sales by 114 per cent in May 2021 with 2,71,862 units being sold as against 1,27,128 units in May 2020. The sale of the two-wheelers jumped by 113 per cent YoY while sales of commercial vehicles (CV) rose by 118 per cent YoY. 

Eicher Motors’ total sales of Eicher trucks & buses grew by 77.8 per cent to 1,175 units in May 2021 on a YoY basis. On the domestic front, its sales grew by 52.6 per cent from 430 units in May 2020 to 656 units in May 2021. On the exports’ front, sales jumped 125 per cent to 519 units in May 2021 from 231 units in May 2020. 

Maruti Suzuki India reported a 151 per cent YoY jump in the total sales with 46,555 units sold in May 2021 in comparison to over 18,539 units in May 2020. This includes 35,293 units in the domestic & original equipment manufacturer (OEM) market sales and 11,262 units of exports. 

Hero Motocorp’s total sales grew by 62 per cent YoY of which domestic sales grew by 47 per cent and exports jumped by 512 per cent. It was able to sell 1,78,706 units of motorcycles in May 2021 as against 1,06,038 units in May 2020. Also, it sold 4,338 units of scooters in May 2021 as against 6,644 units in May 2020.

Tata Motors’ total domestic sales grew by 456 per cent by selling 24,552 units in May 2021 as against 4,418 units sold in May 2020. The sale of commercial vehicles (CV) increased by 640 per cent from 1,266 units in May 2020 to 9,371 units in May 2021. Also, its sale of passenger vehicles (PV) increased by 382 per cent to 15,181 units in May 2021 from 3,152 units in May 2020. 

Escorts, the leader in the agri-machinery segment, posted a de-growth of 2.6 per cent YoY in the total sales for May 2021. Domestic tractor sales registered a de-growth of 4.6 per cent in May 2021 with 6,158 tractors being sold as against 6,454 tractors sold in May 2020. Export registered a significant growth of 89.3 per cent with 265 tractors being sold as against 140 tractors sold in May last year. 

This growth on a YoY basis was possible as the base was lower last year in May, led by the nationwide lockdown imposed due to the COVID-19 pandemic. Despite localised lockdowns led by the second wave, the companies managed to deliver decent growth on a YoY basis. However, as compared to March & April 2021, a sharp decline in production and sales of the automakers was observed. 

Looking at the stock movements on Tuesday, the stock of Bajaj Auto, Eicher Motors, Maruti Suzuki, Tata Motors, and Escorts made intraday highs of Rs 4,347.95 (up by 3.8 per cent), Rs 2,702.70 (up by 1 per cent), Rs 7,141.90 (up by 0.8 per cent), Rs 325.70 (up by 2.2 per cent) and Rs 1,189.85 (up by 1.6 per cent), respectively on BSE.