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Data▲ Bullish for Indian equities
Passenger vehicle wholesales grow in double digits in September
The brief
- Domestic sales reached 1,85,252 units, up 36.5% year over year
- Sales to other OEMs fell 44% to 6,542 units
- Stronger passenger-vehicle demand may support Indian automakers and auto-component makers
- Weak monsoon weighs on rural demand; September tractor sales fall at M&M and Escorts Kubota
- Tata Motors passenger vehicles sales jump 40% in Q2
- Two tractor stocks: Escorts Kubota shares fall 6%; VST Tillers shares rally 5% after September sales
- Bajaj Auto Exclusive: Supply chain issues resolved, October sales to be better, says Joint MD Rakesh Sharma
- Shares of Indian auto companies slide as sales soften in September, after hitting record highs in August