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Market move▼ Bearish for Bajaj Auto
Shares of Indian auto companies slide as sales soften in September, after hitting record highs in August
The brief
- Indian auto shares fell as September sales softened after record highs in August
- Weaker sales weighed on listed automakers, including Bajaj Auto
- Festive demand to lift auto sales; TVS Motor, Bajaj Auto remain top picks: SBI Securities
- M&M, Hyundai, JSW MG sales grow in September led by sustained customer enthusiasm
- Transformers & Rectifers, Kotak Bank rise; Bajaj Auto falls after auto sales at Nifty500 market open
- Bajaj Auto September sales rise 5%, exports up 32% to 2.44 lakh units
- Bajaj Auto Share Price Live Updates: Bajaj Auto's Price Movement Signals Weakness
September vehicle sales and auto stocks
M&M reported September vehicle sales of 1,14,874, up 15% year on year, while Bajaj Auto sold 5,38,443 units, up 5%. Auto shares fell as September sales softened after August records; Nifty Auto dropped 3% to a more than four-month low.
Thursday, 1 October
- Shares of Indian auto companies slide as sales soften in September, after hitting record highs in August