Article

What do we know from the Auto industry’s numbers for the month of November’22

  • 02-Dec-2022
  • 2 mins read

Indian Markets have now tested all-time highs and are trading near the blue-sky territory on the technical charts. Nifty has given stellar returns in the last couple of months from the lower levels which are now well followed by the mid and small-cap stocks in the last couple of weeks.

There have been roaring talks of the equity market entering the bearish zone in the mid of the current calendar year but destiny has decided something else for the market participants. The benchmark index has regained momentum and has crossed its previous peaks in a very short period of time.

It is said in the equity markets that the bull run starts with the auto sector and also ends with it. In the current bullish momentum too, the first index which has hit a new high was the Auto sector then followed by other sectors like Banking, Financials, and so on. NIFTYAUTO has been a major outperformer in the current quarter amid ongoing talks of the Festive season, Electric Vehicles, and the pent-up demand from the corona period in the last year.

The auto sector releases its monthly sales figures on the first of the next month and gives the details of the total number of units sold followed by the exports and the volumes figures. In the same manner, yesterday also the auto companies released their numbers for the month of November 2022 which depicts some analysis of the ongoing trend of the sales of the auto companies.

The festive season helped drive strong overall sales at most Indian automakers in November. Auto sales numbers are keenly watched as they are among the key indicators for assessing private consumption, which has a more than 50% weightage in calculating the country’s economic growth. The Inflation figures in India have remained at elevated levels well above the Reserve Bank of India’s upper max band of 6% but have recently shown some signs of easing from the higher levels.

Below is the list of sales figures from various auto companies:

  1. Maruti Suzuki India – 159,044 units, up 14.3%
  2. Mahindra & Mahindra Auto – 58,303 units, up 45.4%
  3. Mahindra & Mahindra Farm Equipment – 30,528 units, up 10.3%
  4. Tata Motors – 75,478 units, up 21.4%
  5. TVS Motor Co – 277,123 units, up 1.6%
  6. Bajaj Auto – 306,552 units, down 19.2%
  7. Eicher Motors Trucks & Buses – 4,903 units, up 20%
  8. Eicher Motors Motorcycles – 70,766 units, up 37%
  9. Ashok Leyland – 14561 units, up 39%

In the above numbers, it is clearly seen that the sales of the automakers have been good in the last month led by various factors. The real show time for these companies has to be seen in the month of December when the real on-ground demand can be assessed. Short-term traders may keep and note companies are radar which has given a good set of monthly sales number and accumulate them on any declines in the coming weeks for investment perspective.


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