Auto companies see demand rise ahead of festive season

Ahead of the festive season, the volume sales of Maruti Suzuki rose 28.5 per cent in September as compared to same month last year. Maruti Suzuki sells hatchbacks, sedans, MUVs and SUVs.

Mahindra & Mahindra is one of the largest vehicle manufacturers in India, and the largest manufacturer of tractors in the world. It sold 79,935 units in September this year, which is 0.5 per cent less than September 2019.

Hero Motocorp is the largest two-wheeler manufacturer in the world. In India, it has a market share of about 46 per cent in the two-wheeler category. The volume sales of the company grew by 10 per cent from September 2019 to 6,73,424 units.

Bajaj Auto grew 3.5 per cent on yearly basis in September 2020. Bajaj Auto manufactures both two-wheelers and three-wheelers, including motorcycles, scooters and auto rickshaws.

Ashok Leyland is one of the largest truck and bus manufacturers in the world. The company's volume sales declined 1.6 per cent YoY in September 2020.

TVS Motor Company is the third largest motorcycle company in India. The sales volume touched 3,50,000 units in September 2020.