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Market Update

Maruti November Sales Surge 20%, M&M Sales Plunge 34%

Author: Mukesh Buch
Last Update: 10:01 AM ET December 01 2014

6:00 PM Mumbai Ashok Leyland sales in November soared 44%. Eicher sales surged 52%. M&M total tractor sales fell 34%. Maruti sales rose 20%. Steel Strips sales jumped 21%. TVS sales jumped 36%.

The Sensex Index slipped 134.37 or 0.5% to close at 28,559.62. The CNX Nifty slid 17.85 or 0.2% to 8,570.40.

Gainers & Losers

Ashok Leyland Limited climbed 2.9% to Rs 53.90 and the commercial vehicle maker said total sales in November soared 44% to 7,732 units compared to 5,375 units same period a year ago.

The company reported medium and heavy commercial vehicle sales surged 92% to 5,204 units compared to 2,715 units a same period last year.

Light commercial vehicles sales declined 5% to 2,528 units compared to 2,660 units a year ago period.

JSW Steel Limited slipped 2.7% to Rs 1,170.85 and the third largest steel maker plans to expand its Vijaynagar plant and double capacity to 20 million tons by 2022.

Eicher Motors Limited slid 0.03% to Rs 14,513.15 after the auto maker said total sales in November surged 52% to 27,542 units compared to 18,131 units a same quarter last year.

Mahindra & Mahindra Limited dropped 2.1% to Rs 1,296.10 after the tractor maker said November total tractor sales tumbled 34% to 15,333 units compared to 23,119 units in same period last year.

In November, domestic tractor sales plunged 36% to 14,207 units compared to 22,343 units same period a year ago.

Exports surged 45% to 1,126 units compared to 776 units in a same period last year.

Maruti Suzuki India Limited jumped 1.6% to Rs 3,389.65 after the automaker said November total sales climbed 19.5% to110,147 units compared to 92,140 units a year ago period.

Domestic sales climbed 17% to 100,024 units and exports rose 52.7% to 10,123 units from a year ago period.

Steel Strips Wheels Limited rose 0.5% to Rs 361.30 after the wheel maker reported total wheel rim sales in November jumped 21.2% to 1,054,000 units compared to 870,000 units a year ago period.

TVS Motor Company Limited soared 3% to Rs 236.05 after the automobile maker reported November total sales surged 36% to 220,046 units compared to 161,908 units same period a year ago.

Total two wheeler sales in November climbed 36% to 210,979 units from 155,604 units same period last year. Domestic two wheeler sales jumped 33% to 179,453 units from 135,218 units a year ago period.

Total exports sales soared 55% 39,215 units compared to 25,338 units a same period last year. Two wheelers exports sales surged 55% 31,526 units from 20,386 units a year ago period.

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