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

Updated : March 01, 2021 06:38 PM IST

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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