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Market Update

Bajaj, Hero and Maruti September Vehicle Sales Advance in India

Author: Mukesh Buch
Last Update: 10:20 AM ET October 01 2014

6:00 PM Mumbai Bajaj Auto sales in September climbed 9% and commercial vehicles sales and export surged 19%. Hero MotoCorp sales soared 30% to 558,609 units. Maruti Suzuki September sales jumped 5% and domestic sales soared 10% but export plunged 28%.

The Sensex Index slipped 62.52 or 0.2% to close at 26,567.99 The CNX Nifty fell 19.25 to 7,945.55.

Gainers & Losers

Bajaj Auto Limited fell 0.6% to Rs 2,335 after the company said its total sales in September climbed 9% to 399,450 units and sales of the motorcycle jumped to 347,010 units from 323,879 from a year ago month.

Sales of commercial vehicles surged 19% to 52,440 units and exports in the month soared 19% to 174,221.

HOV Services Limited surged 19.9% to Rs 152.55 after the company''s board approved the sale of its entire stake in the U.S.-based unit to promoters, affiliate and related partners.

Hero MotoCorp Limited increased 0.9% to Rs 2,870 after the sale of motorcycle in September soared 30% to 558,609 units from a year ago period.

Maruti Suzuki India Limited dropped 3.1% to Rs 2,968.90 after the company total sales in September jumped 4.6% to 109,742 units compared to September 2013.

Domestic sales surged 9.8% to 99,290 units and passenger vehicles sales climbed 3.1% to 81,447 units and exports plunged 28.2% to 10,452 units.

Mahindra & Mahindra Limited jumped 2.1% to Rs 1,390.55 after the company total sales in September jumped 4% to 44,911 units and domestic sales 5% to 42,408 units.

Passenger vehicles sales in the month soared 5% to 19,893 units while export declined 8% to 2,503 units.

Total tractor sales in September climbed to 28,739 units compared to 26,637 units for the same period last year.

Videocon Industries Limited rose 0.7% to Rs 168.70 after its subsidiary Videocon d2h filed for an initial public offer to raise up to Rs 700 crore.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc