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    February auto sales: Here’s a look at hits and misses

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    February auto sales: Here’s a look at hits and misses

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    Most auto companies have seen good sales numbers in February. Maruti Suzuki was in-line with CNBC-TV18 poll. It saw a 12 percent growth for domestic and exports.

    Most auto companies have seen good sales numbers in February.
    Maruti Suzuki was in-line with CNBC-TV18 poll. It saw a 12 percent growth for domestic and exports.
    Tata Motors too was in-line with estimates. It saw a rise of 51 percent year-on-year (YoY) led by doubling of passenger vehicle volumes.
    However, Mahindra and Mahindra (M&M) saw weak automotive sales. It saw a decline of nearly 11 percent. However, farm equipment saw 24 percent growth YoY.
    Among the two wheelers, Bajaj Auto saw a 6 percent growth which is slightly below the CNBC-TV18 poll.
    TVS Motors saw a very good growth of nearly 19 percent YoY. Ashok Leyland too witnessed a 19 percent growth which is tad above estimates. Volvo Eicher, too, saw 19 percent growth.
    Escorts saw a rise of 30 percent beating estimates.
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