Maruti Suzuki slips, while Tata Motors, Hero MotoCorp and TVS Motor rise after auto firms report April sales results

Auto Stocks: April sales numbers for the leading automakers in India are out. While Maruti Suzuki and Eicher Motors have reported below Zee Business research estimate numbers, Tata Motors has reported mixed numbers. On the other hand, Hero MotoCorp and TVS Motor have reported above-estimate numbers. Escort Kubota, meanwhile, has come up with in-line numbers. Here's how the shares of these auto companies are faring on BSE today, Thursday, May 2, 2024.

Maruti Suzuki 

The stock slipped by 1.83 per cent to the day's low of Rs 12571.80 on Thursday after closing at Rs 12806.45 in the previous session.

The Maruti Suzuki stock that opened at Rs 12762.85 on Thursday was trading lower by 1.68 per cent, or Rs 253.90 at Rs 12552.55 at 9:35 am.

Maruti Suzuki registers total sales of 1,68,089 units (comprising sales in the domestic as well as foreign markets) in April 2024 as against 1,60,529 units in April 2023, falling short of analysts' expectations. 

Tata Motors 

Tata Motors jumped by 1.21 per cent to the day's high of Rs 1020.00 after closing at Rs 1007.85 in the previous session.

The stock that started its journey at Rs 1018.90 on Thursday was trading higher by 0.53 per cent, or Rs 5.35 at Rs 1013.20 today.

Tata Motors said that its total sales of commercial vehicles stood at 29,538 units in April 2024, up 31 per cent on a year-on-year basis. 

The company reported total passenger vehicle sales of 47,983 units last month, marking growth of two per cent compared with April 2023. 

Hero MotoCorp 

The two-wheeler leader rose by 1.64 per cent to the day's high of Rs 4617.10 after closing at Rs 4542.40 in the previous session.

The Hero MotoCorp stock was trading higher by 0.61 per cent, or Rs 27.55 at Rs 4569.95 today. 

TVS Motor 

The TVS Motor stock jumped by 2.66 per cent to the day's high of Rs 2116.95 after closing at Rs 2062.00 a day ago.

The stock was trading higher by 0.82 per cent, or Rs 16.85, at Rs 2078.85 today. 

TVS Motor Company reports two-wheeler sales of 3,74,592 units in April 2024, up 27 per cent on a year-on-year basis.

Its domestic two-wheeler sales were up 29 per cent at 3,01,449 units, motorcycle sales were higher by 24 per cent at 1,88,110 units, and scooter sales rose by 34 per cent at 1,44,126 units.

Escorts Kubota 

Shares of Escorts Kubota rose by 0.81 per cent to the day's high of Rs 3382.45 after closing at Rs 3355.20 a day before.

The stock was trading higher by 0.26 per cent, or Rs 8.65, at Rs 3363.85 today.