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.    

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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:  

Company Particular June 2023 YoY change Zee Business estimate
Maruti Suzuki Total sales 1,59,418  +2% 1,68,000 
Tata Motors Domestic PV sales 47,235  +5% 45,000 
Hero MotoCorp Total sales 4,36,993  -10% 5,00,000 
Royal Enfield (Eicher Motors) Total sales 77,109  +26% 77,000 
Escorts Total tractor sales 9,850  -2% 10,040 
         

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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