Nifty Auto Index surges after March sales data
Bajaj Auto stock rose 1%. The company posted a 23% increase in total sales to 3.34 lakh units in March. The company had sold 2.72 lakh units in February.
Mahindra and Mahindra stock added 1% as the company reported total sales volume growth of 10% yoy in March 2018. It sold 62,077 units in March 2018 against 56,202 units in March 2017.
Maruti Suzuki stock rose over 2% after the company posted its sales up nearly 15% in March led by sales in the mini segment.
Tata Motors stock gained 3% after its local sales jumped 35% in March aided by the commercial vehicles and passenger vehicles segments. The stock is currently trading at Rs336.35 up by Rs8.9 or 2.72% from its previous closing of Rs327.45 on the BSE.
Eicher Motors stock advances 0.58%. Royal Enfield, the two-wheeler division of Eicher Motors Ltd., reported a 27% jump in total sales to 76,087 units in March. The two-wheeler manufacturer had sold 60,113 units in March 2017.
Bosch Ltd is currently trading at Rs18,694.60 up by Rs557.95 or 3.08% from its previous closing of Rs18,136.65 on the BSE.
Hero MotoCorp Ltd is currently trading at Rs3,566.45 up by Rs20.95 or 0.59% from its previous closing of Rs3,545.50 on the BSE.