![]() ![]() Maruti Suzuki had an overall increase in sales by 2.8% compared to last year. Just like the two-wheeler market, the passenger vehicle market had mixed results. Passenger Vehicles and Commerical Vehicles However, bikes with bigger engines (over 350cc) actually went up by 4%, as per The Free Press Journal. Most of this decrease was in bikes with smaller engines (up to 350cc), which saw a 5% drop. Their total sales decreased by 4% in September. On the other hand, Hero Motocorp’s sales increased by 2.4%, and Tata Motors saw a 5.9% increase compared to last year. This happened because last year, they dispatched a lot of two-wheelers to their dealers for inventory buildup after a severe shortage of semiconductors, according to Business Standard and BQ Prime. Their sales have either stayed the same or gone down compared to last year.įor example, Bajaj Auto’s sales went down by 9%. Some companies that make mass-market two-wheelers are not selling as many as they used to. Let’s look at how different companies are doing when it comes to selling two-wheelers (like motorcycles and scooters). September 2023 Auto Sales Numbers Two Wheelers You might be wondering, what went wrong with auto stocks? Well, the reason lies in the September auto sales data. Interestingly, although initially impacted, Tata Motors displayed signs of a swift recovery on October 5, 2023. Bajaj Auto also experienced a decline of -1.30% Maruti Suzuki India’s stock price declined by -3.97%, while Mahindra and Mahindra saw a -2.73% decrease. Prominent auto manufacturers witnessed a drop in their stock prices in the past five trading sessions from September 28 to October 5, 2023. So, the question for today is, why are auto stocks falling, and what lies ahead for them? What’s Happening? The graph shows that Nifty Auto has underperformed Nifty 50 in the past five trading sessions. To be precise, while Nifty 50 has given a -0.88% return, Nifty Auto has offered a return of -2.21%. ![]() If we look at some data, in the past five trading sessions, from September 28 to October 5, the Nifty Auto Index has been underperforming the Nifty 50. ![]() What happened next was that the auto stocks dipped significantly. Compare Standard and Premium Digital here.Īny changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.September 2023 wholesale sales numbers are out it was a mixed bag of excitement and disappointment. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Standard Digital includes access to a wealth of global news, analysis and expert opinion. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. ![]()
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