Tata Motors, Maruti Suzuki, TVS Motor witness mixed performances in April sales amidst Indian automotive market uptick; know their stock prices
According to the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle wholesales in India saw a modest uptick of 1.3 per cent year-on-year, reaching 335,629 units in April. Additionally, two-wheeler wholesales surged by 31 per cent to 1,751,393 units, while three-wheeler wholesales saw a 14.5 per cent rise, totaling 49,116 units.
Auto stocks: The latest numbers for April sales for India's leading automakers are out, indicating a mixed performance across the board. According to the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle wholesales in India saw a modest uptick of 1.3 per cent year-on-year, reaching 335,629 units in April. Additionally, two-wheeler wholesales surged by 31 per cent to 1,751,393 units, while three-wheeler wholesales saw a 14.5 per cent rise, totaling 49,116 units.
Maruti Suzuki
The automaker's total sales for the month amounted to 168,089 units, including 140,448 units in domestic sales. Maruti Suzuki shares climbed by 1.31 per cent to the intra-day high of Rs 12,810.00 each on BSE.
Tata Motors
Tata Motors Limited sales in the dome/stic & international market for April 2024 stood at 77,521 vehicles, compared to 69,599 units in April 2023. The company's shares observed the day's high uptick of 0.88% at Rs 968.00 on BSE.
Hero MotoCorp
Hero MotoCorp witnessed a significant increase in its sales, with a 31 per cent rise in wholesales compared to April last year. The company's shares rose to the 52-week high of Rs 5,044.00.
TVS Motor
TVS Motor Company maintained a steady growth trajectory, reporting a four per cent increase in sales compared to its April 2022 numbers. However, shares of TVS observed a rise of 3.42 per cent, reaching an intra-day high of Rs 2,138.65 each.
Bajaj Auto
Bajaj Auto's three-wheeler wholesales increased by 14.5 per cent in April. The company's shares rose by 1.06 per cent, reaching an intra-day high of Rs 9,089.10.
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