Auto stocks in focus; Maruti Suzuki, Tata Motors report mixed set of monthly sales

Maruti Suzuki, Tata Motors, Hero MotoCorp, Eicher Motors and other auto stock staged mixed moves on Dalal Street on Monday, mirroring a mixed bag of sales numbers in June 2023. Maruti Suzuki and Hero MotoCorp shares traded around half a per cent lower each in early deals, while Tata Motors, Eicher Motors and TVS Motor and Mahindra & Mahindra registered gains to the tune of 1-3 per cent.    

Over the weekend, Maruti Suzuki reported a two per cent increase in total sales to 1,59,418 units in June, missing analysts' estimates. Tata Motors reported a better-than-expected five per cent increase in domestic passenger vehicle sales to 47,235 units, but a worse-than-estimated eight per cent fall in total commercial vehicle sales to 34,314 units. 

Here's a summary of the monthly sales numbers released so far:  

The Nifty Auto — whose 15 components include Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hero MotoCorp, TVS, Ashok Leylend, Eicher Motors and MRF — gained as much as 0.8 per cent to a 52-week high of 15,272.5 amid record highs in headline indices backed by buying across sectors.

(This story will be updated shortly)

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