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.
Timeline
Thursday, 1 October
- Shares of Indian auto companies slide as sales soften in September, after hitting record highs in August
Indian auto shares fell as September sales softened after record highs in August
- Indian automakers report higher September sales ahead of festive season
Hyundai Motor India sales increased 10.8%
- Auto stocks slide after weak September sales; Bajaj Auto falls as much as 8%
Nifty Auto fell 3% to 25,507, a more than four-month low
- Explained - Why Auto stocks, led by Bajaj fell up to 7% after their September sales numbers
Force Motors’ September sales grew over 50% year on year for the second consecutive month
- M&M September vehicle sales rise 15% to 1,14,874; SML Mahindra sales climb 18%
M&M sold 1,14,874 vehicles, up 15% year on year, including 64,000 SUVs
