Auto stocks will take the spotlight as companies release their monthly sales figures. Here’s a glance at the stocks poised for attention on Monday, covering significant investments, major deals, and recently announced monthly auto sales volumes:
Monthly Sales Announcements on June 1:
- Maruti Suzuki India witnessed a 2% decline in total sales in May compared to the previous year, with domestic sales showing a slight increase and exports experiencing a significant drop.
- Tata Motors reported a 2.4% growth in total sales for May, with both domestic and commercial vehicle segments showing positive momentum.
- Mahindra and Mahindra saw a notable 16.7% increase in total sales volumes, driven by strong performance in the passenger vehicle and tractor segments.
- TVS Motor Company recorded a 12% growth in total sales, with notable increases in 2-wheeler and export segments.
- Hero MotoCorp reported a 4.1% decline in sales volume, with domestic sales decreasing while exports saw a significant uptick.
- Escorts Kubota witnessed a 6.1% drop in tractor sales for May, primarily attributed to a decline in domestic sales.
- Eicher Motors reported an 8% decline in Royal Enfield sales, although international business showed growth.
- SML Isuzu reported a 21.2% increase in overall sales for May, driven by strong performance in the passenger vehicle segment.
- Atul Auto witnessed a staggering 112% increase in total sales for May compared to the previous year.
- VST Tillers reported a 34.1% decline in power tillers & tractors sales, reflecting market challenges.