M&M:
M&M’s automotive sales were up +14% yoy, growth was driven by the ultra light ton portfolio (sales were up +98% yoy). Management highlighted that the
Maximmo has received an encouraging response (in the few states where the product has been launched), the company will gradually roll out the model
across the country over the year. The UV segment sales though were flat yoy, given a high base as well as production constraints at the vendor's end.
Management highlighted that these issues have now been resolved and sales growth will accelerate from hereon.
YoY and MoM Growth Rates of Various Auto Companies
Bajaj Auto 85.4% 14.3%
Hero Honda 0.3% -10.4%
TVS Motors 27.9% -1.4%
Mahindra & Mahindra 21.8% -11.8%
Maruti Suzuki 29.7% -2.2%
Tata Motors 52.5% -23.9%
