Auto Stocks in Focus on Mar 2: Maruti Suzuki, Tata Motors & More

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Auto Stocks in Focus on Mar 2: Maruti Suzuki, Tata Motors & More
Credit: © Reuters.

By Malvika Gurung -- Maruti Suzuki India (NS: MRTI ): The country’s largest carmaker sold 1,64,056 units in Feb 2022, down marginally compared to 1,64,469 units sold in the year-ago period, while its exports jumped 109% YoY to 24,021 units in the month, and domestic sales dropped 8.5% YoY to 1,40,035 units.

Tata Motors (NS: TAMO ): The auto major’s domestic sales surged 27% YoY to 73,875 units in February 2022 and electric vehicle sales jumped by a whopping 478% YoY to 2,846 units in the period.

Mahindra & Mahindra (NS: MAHM ): The company sold 54,455 vehicles in Feb 2022, soaring 89% on a YoY basis. All segments showed robust YoY growth in Feb, with passenger vehicle sales surging 80% to 27,663 units, commercial vehicle sales jumping 107% to 23,978 units and exports rising 54% YoY.

TVS Motor Company (NS: TVSM ): The two-wheelers manufacturer’s total sales dropped 5% to 2,81,714 units in February 2022, on a YoY basis.

Ashok Leyland (NS: ASOK ): The auto manufacturer's sales in Feb 2022 rose by 7% YoY to 14,657 units, with domestic sales climbing 4% at 13,281 units. 

Eicher Motors (NS: EICH ): The company’s Trucks, Buses & Volvo Trucks segment sold 5,856 units in Feb 2022, up 7.3% YoY, while its Trucks & Buses segment’s sales climbed 5.6% to 5,093 units in the month. The auto major’s exports jumped 27.8% YoY to 652 units, and its total motorcycles declined 15% to 59,160 units in the period.

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