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Data▲ Bullish for Hyundai Motor India
Indian automakers report higher September sales ahead of festive season
The brief
- Hyundai Motor India sales increased 10.8%
- Festive-season restocking supports sentiment for Indian automakers, including Hyundai Motor India
- M&M, Hyundai, JSW MG sales grow in September led by sustained customer enthusiasm
- Hyundai Motor India posts record September sales of 77,916 units, up 10.8%
- Automakers welcome CAFE-III rules; Citi favours Maruti, M&M and Hyundai
- Nomura retains 'Buy' on M&M, Hyundai India, Ather, TVS, Sona BLW as auto demand stays strong
- Hyundai’s Big 4 Launches In The Next Few Months
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
- Indian automakers report higher September sales ahead of festive season