Auto Stocks Under Focus: Maruti Suzuki, Tata Motors, TVS Motor & More

  • Stock Market News
Auto Stocks Under Focus: Maruti Suzuki, Tata Motors, TVS Motor & More
Credit: © Reuters.

By Malvika Gurung -- Maruti Suzuki India (NS: MRTI ): The largest carmaker plans to produce nearly 1.8 units at its two facilities in Gurgaon and Manesar in July, and is working towards raising production, and hitting the highest output in 22 months. It sold 1.3 lakh vehicles in the domestic market in June 2022, up 1.3% YoY.

Tata Motors (NS: TAMO ): The auto major’s domestic sales rallied 82% YoY to 79,606 units in June, while domestic PV sales jumped 87% YoY to 45,197 units in the month, and electric vehicle sales hit a new quarterly sales high of 9,283 in Q1 FY23 and highest-ever monthly sales in June.

Mahindra & Mahindra (NS: MAHM ): The auto company’s sales jumped 64% YoY to 54,096 units in June 2022 and exports climbed 7% YoY to 2,777 vehicles.

Eicher Motors (NS: EICH ): Its total motorcycle sales (Royal Enfield) surged 43% YoY to 61,407 units in June 2022, and sales in international business jumped 54% to 11,142 units in the month.

Hero MotoCorp (NS: HROM ): The two-wheeler manufacturer’s sales rose 3.35% YoY to 4.84 lakh in June 2022, with domestic sales climbing 5.6% to 4.63 lakh units and exports declining 3% to 21,657 units in the month.

TVS Motor Company (NS: TVSM ): The company’s sales in June surged 22% YoY to 3.08 lakh units. Its 'iQube Electric’ sales rallied 77% YoY in June 2022 over May 2022, the highest-ever growth, while motorcycle and scooter sales fell in the month.

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