Auto Sector

Domestic wholesales in February 2023 increased by 11% to 1,55,114 units compared to 1,40,035 units in February 2022.

Total two-wheeler sales witnessed a 6% decline, reaching 267,625 units in February 2022, down from 284,581 units in February 2021.

Total domestic sales for Tata Motors stood at 84,834 units, marking a growth of 9% from the previous year's 78,006 units

Domestic market sales, across all segments, experienced a 35% surge in February 2024, totaling 2,06,894 units, compared to 1,53,291 units in February 2023

Sales of domestic tractors fell 16.6% in February 2024 to 6,041 from 7,245 in the same month the previous year.

The company's CV sales increased somewhat from 7,289 units sold in January 2022 on a sequential basis.

Nissan India reported a 57% growth in total wholesales (6,662 vehicles), with 2,456 units sold domestically and 4,206 units exported.

Compared to 15,685 units in February 2023, the company's overall deliveries to dealers climbed by 61% to 25,220 units last month.

Bajaj Auto shares were trading at ₹7,911.15 on the NSE at 15:18 p.m.

It was revealed that JSW and Volkswagen were in discussions to work together on a project.