Auto stocks zoom on mostly in-line April sales volumes; Maruti Suzuki, Eicher Motors surge most
Automakers Maruti Suzuki India and Tata Motors reported a double-digit increase in dispatches to dealers in April as the demand remained robust, especially for the sports utility vehicles.
Automobile stocks are in focus after most of the bike, car, truck, and bus manufacturers announced their sales figures for April 2023. The Nifty Auto index was up almost 0.5 per cent as 10 out of 15 stocks were in the green intraday on the NSE at around 11:50 AM.
Heavyweights such as Maruti Suzuki were among the top Nifty gainers as well as on the Auto index up over 2 per cent, followed by Eicher Motors, TVS Motor, and Bajaj Auto each up between 1-2 per cent, whereas Mahindra & Mahindra were flat between 0.5 per cent on the NSE today.
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