June gross sales numbers of Indian automakers are anticipated to drop 35-70 per cent on a year-on-year (YoY) foundation attributable to provide constraints.
India’s largest carmaker, Maruti Suzuki India Restricted (MSIL) on Wednesday reported a decline of 53.eight % at 52,300 models in June 2020 owing to the continued coronavirus pandemic and lockdown restrictions. The gross sales stood at 113,031 unit gross sales in the identical month final yr.
The corporate’s whole gross sales additionally noticed a dip of 54 % at 57,428 models within the month underneath evaluation as in comparison with 124,708 models bought in June 2019.
Toyota Kirloskar Motor on Wednesday has introduced that it has bought 3,866 models of vehicles in June 2020, down 66.10 % from 11407 models bought in the identical month a yr in the past.
The automaker additionally mentioned that its June 2020 gross sales elevated from the earlier month, when it recorded 1,639 models.
Shares of Bharat Forge (up 2.99 per cent) , Tata Motors (up 2.49 per cent) , Apollo Tyres (up 2.22 per cent), Amara Raja Batteries (up 1.64 per cent) , Ashok Leyland (up 1.49 per cent) , Motherson Sumi Techniques (up 1.32 per cent) , Exide Industries (up 0.88 per cent) , Eicher Motors (up 0.59 per cent) , Bajaj Auto (up 0.53 per cent) , Mahindra & Mahindra (up 0.16 per cent) and TVS Motor Firm (up 0.05 per cent) had been among the many prime gainers.
Whereas MRF (down 1.75 per cent) , Bosch (down 1.67 per cent) , Maruti Suzuki (down 0.6 per cent) and Hero MotoCorp (down 0.15 per cent) had been the highest losers within the index.
The Nifty Auto index was buying and selling 0.2 per cent up at 6732.eight round 11:55AM.
Benchmark NSE Nifty50 index was up 63.30 factors at 10365.4, whereas the BSE Sensex was up 258.98 factors at 35174.78.
Among the many 50 stocks within the Nifty index, 26 had been buying and selling within the inexperienced, whereas 23 had been within the crimson.
Shares of Vodafone Thought, Financial institution of Baroda, Ashok Leyland, Tata Motors, Axis Financial institution, SBI, BHEL, ONGC and IDBI Financial institution had been among the many most traded shares on the NSE.