Domestic passenger vehicle (PV) sales for M&M in October 2023 increased by 35% to 43,708 units compared to 32,298 units in October 2022
Compact car sales also saw an increase, with 80,662 units sold in October 2023, up from 73,685 units in the same period the previous year
Recommendation: Add; Target Price: Rs 3520
Year-to-date (YTD) domestic unit sales for Bajaj Auto showed a 25% growth
Motorcycle sales increased by 26.2% to 5,29,341 units last month from 4,19,568 units in October 2022, according to a regulatory filing from Hero MotoCorp.
According to the firm, sales of passenger vehicles, including electric vehicles, in the domestic market were 48,337, up 7% from 45,217 units during the same period last year.
The BSE midcap index recorded a 0.4% decrease, while the smallcap index concluded the session on a relatively neutral note.
Standalone revenue from operations for Ambuja Cements in Q2FY24 increased by 8% to Rs 3,969.79 crore, compared to Rs 3,675.61 crore in the previous year
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