Auto sales India March 2023: What to expect from Maruti Suzuki, Tata Motors, M&M, Bajaj Auto, TVS, Hero, Royal Enfield, other makers

Automobile makers — from the likes of Maruti Suzuki India, Tata Motors, Mahindra & Mahindra, Bajaj Auto, Hero MotoCorp, TVS Motor Company and Eicher Motors (the parent of Royal Enfield) — are all set to report their sales for March 2023. Here's what to expect in the country's auto sector across segments ranging from cars and commercial vehicles to two-wheelers and tractors.

Maruti Suzuki, Tata Motors, Mahindra and Mahindra, TVS, Hero MotoCorp, Bajaj Auto, Ashok Leyland and the likes are all set to report their monthly sales numbers for March 2023. | Image: Reuters

Automobile makers — from the likes of Maruti Suzuki India, Tata Motors, Mahindra & Mahindra, Bajaj Auto, Hero MotoCorp, TVS Motor Company and Eicher Motors (the parent of Royal Enfield) — are all set to report their sales for March 2023. Here's what to expect in the country's auto sector across segments ranging from cars and commercial vehicles to two-wheelers and tractors.

Analysts estimate it to be a mixed bag for the auto space in the country with fewer hits than misses.

What to expect from prominent auto makers including Maruti Suzuki, Tata Motors, M&M, Bajaj Auto, Hero MotoCorp, TVS, Ashok Leyland and Royal Enfield in March 2023

According to Zee Business research, among the biggest carmakers in the country, Maruti Suzuki is likely to report an eight per cent year-on-year decline in monthly sales, whereas Tata Motors and Mahindra & Mahindra are likely to post double-digit growth in their figures.

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Company	March 2023	March 2022	Change (YoY)
Maruti Suzuki	1,57,500	1,70,395	-8%
Mahindra & Mahindra (auto)	65,100	54,643	19%
Tata Motors domestic passenger vehicles	47,000	42,293	11%

In the two-wheeler segment, Hero MotoCorp is expected to stage nine per cent growth in sales, but Bajaj Auto and TVS are estimated to take a hit of eight per cent and three per cent respectively, according to the research. However, Royal Enfield is estimated to see growth of six per cent in sales.

Here's a look at some of the other key estimates for the country's auto sector in March 2023 by Zee Business research:

Two-wheeler sales

Company	March 2023	March 2022	Change (YoY)
Hero MotoCorp	4,90,000	4,50,154	9%
Bajaj Auto two-wheelers	2,36,000	2,56,324	-8%
Bajaj Auto (total)	2,77,000	2,97,188	-7%
TVS Motor (two-wheelers)	2,85,500	2,92,918	-3%
TVS total	2,95,500	3,07,954	-4%
Royal Enfield	72,000	67,677	6%

Commercial vehicle sales

Company	March 2023	March 2022	Change (YoY)
Eicher VECV	9,600	8,803	9%
Ashok Leyland	22,000	20,123	9%
Tata Motors total commercial vehicles	45,000	47,050	-4%