A significant factor in India’s economic development is the automobile sector. It adds 49 per cent to the manufacturing GDP and 7.5 per cent to the overall GDP. In July 2023, total car production stood at 1,67,138 units, total vehicle sales stood at 3,02,521 units and Auto exports stood at 38,636 units. Below listed companies have reported vehicle sales for the month of August 2023.
Maruti Suzuki India Ltd
The company has a market capitalisation of Rs. 3,12,103 Cr making it a large-cap company. On Friday the company shares closed 3.16% up at Rs. 10,320.10 on NSE.
The company’s vehicle sales in August month increased by 14% YoY from 1,65,173 vehicles in the month of August 2022 to 1,89,082 vehicles in the month of August 2023.
TVS Motors
The company has a market capitalisation of Rs. 69,106 Cr making it a large-cap company. On Friday the company shares closed 1.78% up at Rs. 1,445.15 on NSE.
The company’s vehicle sales in August month increased by 3.6% YoY from 3,33,787 vehicles in the month of August 2022 to 3,45,848 vehicles in the month of August 2023.
Tata Motors
The company has a market capitalisation of Rs. 2,03,032 Cr making it a large-cap company. On Friday the company shares closed 1.78% up at Rs. 610.40 on NSE.
The company’s vehicle sales in August month decreased by 0.2% YoY from 76,479 vehicles in the month of August 2022 to 76,261 vehicles in the month of August 2023.
Mahindra And Mahindra Ltd
The company has a market capitalisation of Rs. 1,97,907 Cr making it a large-cap company. On Friday the company shares closed 0.92% up at Rs. 1,589.94 on NSE.
The company’s vehicle sales in August month increased by 19% YoY from 59,049 vehicles in the month of August 2022 to 70,350 vehicles in the month of August 2023.
Atul Auto
The company has a market capitalisation of Rs. 1,408 Cr making it a small-cap company. On Friday the company shares closed 0.26% up at Rs. 593.00.
The company’s vehicle sales in August month increased by 33.85% YoY from 1,950 vehicles in the month of August 2022 to 2,610 vehicles in the month of August 2023.
A subsidiary of a foreign company posted the following results for August 2023. Toyota sold 22,910 vehicles in August 2023, up 53% YoY. Hyundai sold 71,435 vehicles in August 2023, up 15% YoY
Written by Sheshadri N
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
