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Results▼ Bearish for Bajaj Auto
Explained - Why Auto stocks, led by Bajaj fell up to 7% after their September sales numbers
The brief
- Force Motors’ September sales grew over 50% year on year for the second consecutive month
- Bajaj Auto’s weak September domestic two-wheeler sales drove shares down up to 7%
- Weak two-wheeler sales pressure Bajaj Auto; Force Motors’ growth supports its outlook
- Force Motors Q2 FY27 sales jump 50% to 11,700 units, driven by domestic demand
- September Auto Sales Live Updates: Maruti, M&M, Tata Motors And More To Declare Sales Today; Force Motors Sales Up 62%
- Force Motors among 4 F&O stocks saw a high increase in futures open interest
September vehicle sales and auto stocks
Indian automakers reported higher September sales, with Mahindra & Mahindra selling 1,14,874 vehicles, up 15% year on year, and Bajaj Auto selling 5,38,443 units, up 5%. Despite higher sales at several companies, the Nifty Auto fell 3% to 25,507 as shares including Bajaj Auto declined.
Thursday, 1 October
- Explained - Why Auto stocks, led by Bajaj fell up to 7% after their September sales numbers