Hero MotoCorp. |CMP: `1,963|M.Cap:` 39,028 crore|. Marginal de-growth. The
country's largest two-wheeler maker, Hero MotoCorp witnessed a marginal de-.
SECTOR UPDATE
Two Wheeler Monthly Update
January, 2014
Two Wheeler Monthly Update
Hero MotoCorp
|CMP: `1,963|M.Cap:` 39,028 crore|
Marginal de-growth The country's largest two-wheeler maker, Hero MotoCorp witnessed a marginal degrowth of 3% in total sales at 524,990 units for Dec’13 as against 5,41,615 units in Dec’12. The company had adopted a fresh approach with increased focus on technology, innovation and youth-focused products. Additionally, it forayed in the new international markets namely, Central & Latin America and Africa.
Hero MotoCorp
Jan-14
Total Sales - Motorcycles
Jan-13 YOY %
561,253 557,797
0.6
Dec-13 MOM % 524,990
6.9
YTDFY14 5,217,407
YTDFY13 5,106,029
YOY % 2.2
Total vehicles sales and its growth in % YOY 7.0
25% 20% 15% 10% 5% 0% -5% -10% -15% -20% -25% -30%
6.0 Units in lakhs
5.0 4.0 3.0
2.0 1.0 0.0 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14
SECTOR UPDATE
The company is ready with its 'action-packed' plan for 2014 that includes radically new product launches, entry into new markets, clutter-breaking campaigns and continued network expansion.
Sales in Units
Growth Rates YOY
Source: HMCL, Ventura Research Estimates
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Two Wheeler Monthly Update
Friday, 3 February, 2014
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Two Wheeler Monthly Update
Bajaj Auto
|CMP: `1,836|M.Cap:` 53,331 crore|
De-growth!!! Owing to the slower growth in commercial vehicle and motorcycles, Bajaj Auto witnessed a sharp decline of 12.6% in total sales to 2,60645 units in Dec’13. The motorcycle sales were down by 12.6% at 260,645 units, while 3 wheeler sales slipped 18.6% at 37,131 units respectively. Nonetheless, exports were up 20% during Dec’13 at 1,50,753 units compared to 1,26,016 units in the same month last year. Bajaj Auto
Jan-14 281,390
Scooters
301,361
-
Total 2 wheelers
281,390
-6.6
-
260,645 -
301,361
-6.6
Dec-13 MOM %
-
8.0
YTDFY14
8.0
YOY %
2,877,799
3,198,771
-
-
2,877,799
3,198,771
-10.0
-
260,645
YTDFY13
-10.0 -
3 wheeler
36,781
46,263
-20.5
37,131
-0.9
373,964
404,473
-7.5
Total sales
318,171
347,624
-8.5
297,776
6.8
3,251,763
3,603,244
-9.8
Domestic
180,527
219,142
-17.6
147,023
22.8
1,913,367
2,277,715
-16.0
Exports
137,644
128,482
7.1
150,753
-8.7
1,323,012
1,310,634
0.9
Two Wheeler sales and its growth in % YOY 4.0 Units in lakhs
15% 10% 5% 0% -5% -10% -15% -20% -25%
3.0 2.0 1.0 0.0
Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14
SECTOR UPDATE
Motorcycles
Jan-13 YOY %
Two wheelers sales in units
Growth Rates YOY
Source: BAL, Ventura Research Estimates
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Two Wheeler Monthly Update
Friday, 3 February, 2014
3
Two Wheeler Monthly Update
TVS Motors
|CMP: `79|M.Cap:` 3,772 crore|
Pickup in scooters sales is positive… TVS Motors reported a marginal growth of 2% in total sales to 1,59,495 units in the month of Dec’13 against 1,56,221 units during the same month of the previous year. Domestic two wheeler sales dipped slightly by 1.4% to 1,32,664 units from 1,34,566 units. Motorcycle sales declined 4.4% to 57,576 units as against 60,210 in the same month last year. However, scooter sales grew 37.6% to 41,817 units. Over the same period, 3 wheelers were up by 37% to 6,137 units.
TVS Motors
Jan-14
Jan-13 YOY %
Dec-13 MOM %
Motorcycles
65,449
64,555
1.4
57,576
13.7
662,560
627,180
5.6
Scooters
45,198
37,946
19.1
41,817
8.1
386,172
381,762
1.2
Mopeds
YTDFY14
YTDFY13
YOY %
68,929
69,012
-0.1
53,965
27.7
591,733
651,332
-9.2
179,576
171,513
4.7
153,358
17.1
1,640,465
1,660,274
-1.2
3 Wheelers
6,737
4,418
52.5
6,137
9.8
66,267
39,312
68.6
Total sales
186,313
175,931
5.9
159,495
16.8
1,706,732
1,699,586
0.4
2 wheelers - Domestic
156,138
154,107
1.3
132,664
17.7
1,439,652
1,485,582
-3.1
23,438
20,723
13.1
20,694
13.3
218,222
181,362
20.3
Total 2 Wheelers
2 wheelers - Exports
Two Wheeler sales and its growth in % YOY 2.0 Units in lakhs
20% 15% 10% 5% 0% -5% -10% -15% -20% -25% -30%
1.0
Motorcycles Mopeds - Scotteretes (bf)
Jan-14
Nov-13
Sep-13
Jul-13
May-13
Mar-13
Jan-13
Nov-12
Sep-12
0.0 Jul-12
SECTOR UPDATE
Total exports grew by 20.5% to 20,694 units in Dec’13, from 17,169 units in the month of Dec’12. Two wheeler exports registered a growth of 20.5% with sales growing from 20,694 units in Dec' 12 to 17,169 units in Dec’13.
Scooters Growth Rates YOY (RHS)
Source: TVS, Ventura Research Estimates
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Two Wheeler Monthly Update
Friday, 3 February, 2014
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SECTOR UPDATE
Two Wheeler Monthly Update
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Two Wheeler Monthly Update
Friday, 3 February, 2014
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