Nifty Auto rallies nearly 2% as investors react to monthly sales data; Tata Motors, Maruti, Bajaj Auto, Eicher drive the index

3 Jan 2022 , 01:06 PM

Automobile stocks witnessed a stellar buying sentiment on Monday after major companies announced their sales data for December 2021 and Q3 of FY22. The majority of the companies have shown improvement in their sales with semiconductor shortages impact to be limited. The Nifty Auto index was among the top bulls on NSE led by strong demand in heavyweight stocks.

At around 12.58 pm, Nifty Auto was trading at 11,119.75 higher by 182.85 points or 1.7%. The index has touched an intraday high and low of 11,137.15 and 10,998.35 respectively. On the index, 12 scrips advanced and 3 scrips declined.

Tube Investments was the top bull soaring over 8% followed by Eicher Motors and Ashok Leyland climbing over 5% and nearly 4%. Tata Motors surged nearly 3%.

Bharat Forge jumped 1.5%, while Maruti Suzuki and Bajaj Auto advanced more than 1% each.

Stocks like Bosch, Hero MotoCorp, Exide and MRF gained between 0.5-1%. Amara Raja Batteries was marginally up.

On the contrary, Balkrishna was the top bear tumbling over 0.5%. M&M was marginally down, while TVS Motor traded flat but in red.

Some of the major automakers’ sales for December 2021 are:

Bajaj Auto: The company recorded a total sales of 3,62,470 units in December 2021, declining by 2% from sales of 3,72,532 units in December last year. Sales were lower in the two-wheeler segment and exports.

Maruti Suzuki: The company posted a  total sales of 153,149 units in December 2021. Of the total sales,  domestic markets posted a sales of 126,031 units, while sales to other OEM stood at 4,838 units and its highest ever monthly exports of 22,280 units.

Tata Motors: The company announced its sales in the domestic & international market, for Q3 FY22, which stood at 1,99,633 vehicles, compared to 1,58,218 units during Q3 FY21. In December 2021, the company’s domestic sales were at 66,307 units.

M&M: The company announced that its overall auto sales for December 2021 stood at 39157 vehicles. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 17722 vehicles in December 2021.

Hero MotoCorp: The company reported its highest-ever sales in global markets outside of India in any calendar year. In December 2021, the Company sold a total of 394,773 units of motorcycles and scooters, including in its domestic market in India and global business, registering a sequential growth of 13% over November 2021 when it had sold 349,393 units.

Eicher Motors: In December 2021, Royal Enfield sales were at 73,739 units rising by 7% from 68,995 units in the same month last year.  Meanwhile, the VECV segment posted sales of 6154 units in December 2021, increasing by 25.8% from sales of 4892 units in December last year.