The S&P BSE Auto Index rose 0.3% to 51,796.8 in today’s session. Despite this, the index remains down by 2.8% over the past 30 days but has gained 22.9% over the last year.
Stock Highlights:
- Top Gainers:
- Atlas Cycle (HAR): Gained 5.0%
- Premier Limited: Increased by 4.8%
- Top Losers:
- Bajaj Auto: Fell 1.8%
Bajaj Auto Limited reported its sales data for December 2024, revealing a slight overall decline of 1% compared to the same month in the previous year. The company sold a total of 3,23,125 units, down from 3,26,806 units in December 2023.
Key Highlights:
- 2-Wheelers:
- Domestic sales fell by 19%, with 1,28,335 units sold compared to 1,58,370 units in December 2023.
- Exports saw a 15% growth, reaching 1,43,838 units from 1,24,631 units last year.
- Total 2-wheeler sales dropped by 4% to 2,72,173 units.
- Commercial Vehicles (CVs):
- Domestic sales increased by 5%, with 34,085 units sold compared to 32,549 units.
- Exports jumped significantly by 50%, with 16,867 units compared to 11,256 units in December 2023.
- Overall CV sales grew by 16%, reaching 50,952 units.
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- Escorts Kubota: Declined 1.8%
Escorts Kubota Limited’s Agri Machinery Business Division sold 5,472 tractors in December 2024, marking a 10.8% decline from 6,136 units in December 2023.
Domestic Sales
Domestic tractor sales stood at 5,016 units, down 12.5% from 5,731 units sold in December 2023. The company anticipates improved demand driven by kharif crop procurement, strong rabi sowing, and higher reservoir water levels.
Export Sales
Export sales showed positive growth, with 456 tractors sold in December 2024—a 12.6% increase compared to 405 units in December 2023.
Meanwhile, the benchmark S&P BSE Sensex increased by 0.6% to 78,600.7.
Additional Stock Movements:
- M&M (Mahindra & Mahindra): Rose 1.88% to ₹3,063.55 on BSE.
- Olectra Greentech: Increased 1.83% to ₹1,473.00 on BSE.
- SML Isuzu: Gained 2.51% to ₹1,441.60 on BSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
