Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Auto Stocks Mixed as October Sales Data Fails to Cheer Investors

Maruti Suzuki saw its domestic sales rise 4.5% year-on-year in October, driven by festive season sales and heavy discounts.

Trending Desk

Updated:November 1, 2019, 1:30 PM IST
facebookTwitter Pocket whatsapp
Maruti Suzuki, Maruti Suzuki XL6, XL6
Image for Representation (Photo: Arjit Garg/News18.com)

Shares of auto companies were trading mixed on Friday after monthly sales data for the festive month of October failed to meet analyst expectations.

In afternoon trade, the Nifty Auto index was down 0.42%. Apollo Tyres Ltd was the biggest gainer in the auto pack, up 1.3%, followed by Maruti Suzuki India Ltd (up 0.5%), Bajaj Auto Ltd (0.2%) and Hero MotoCorp Ltd (up 0.17%). Among the losers were Mahindra and Mahindra Ltd (down 2.5%), TVS Motor Co. Ltd (down 0.9%), Ashok Leyland Ltd (0.85%) and Tata Motors Ltd (down 0.76%). Shares of Eicher Motors Ltd were trading unchanged.

The country’s largest carmaker Maruti Suzuki saw its domestic sales rise 4.5% year-on-year in October, driven by festive season sales and heavy discounts. The company sold 1.53 lakh units against 1.46 lakh units in the same month last year. However, the number came in lower than Nomura’s expectation of 1.7 lakh units.

Meanwhile, commercial vehicle maker Ashok Leyland posted 35% year-on-year decline in sales at 9,857 units in October, according to its stock exchange filing. Escorts Ltd sold 13,353 tractors last month, an increase of 1.6% from the year-ago period.

Two-wheeler company Bajaj Auto said total sales fell 9% year-on-year to 463,208 vehicles in October. However, this was the highest monthly sales number so far this year.

Analysts were expecting strong growth in auto sales for the month of October after 11 months of decline as both the Hindu festivals of Navratri and Diwali occurred in the same month, leading to a decent demand scenario in the market.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
SBI Life Insura 936.55 -6.35
Bharti Airtel 439.35 7.37
Reliance 1,509.75 3.46
Yes Bank 64.15 -2.58
ICICI Bank 493.50 -0.97
Company Price Change %Gain
SBI Life Insura 936.25 -6.33
Bharti Airtel 439.25 7.36
Yes Bank 64.15 -2.66
Sunteck Realty 390.65 0.24
Reliance 1,509.80 3.52
Top Gainers
Company Price Change %Gain
Bharti Infratel 250.55 10.47
Bharti Airtel 439.35 7.37
Reliance 1,509.75 3.46
Axis Bank 747.80 3.44
Power Grid Corp 195.45 2.52
Company Price Change %Gain
Bharti Airtel 439.25 7.36
Reliance 1,509.80 3.52
Axis Bank 747.85 3.43
Power Grid Corp 195.30 2.44
SBI 330.30 1.57
Top Losers
Company Price Change %Gain
Zee Entertain 285.85 -2.82
Yes Bank 64.15 -2.58
M&M 560.65 -2.27
TCS 2,108.80 -2.03
Tata Steel 401.75 -2.02
Company Price Change %Gain
Yes Bank 64.15 -2.66
M&M 560.60 -2.19
Tata Steel 401.90 -2.02
TCS 2,108.30 -2.02
Tata Motors 167.75 -1.35

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results