News Overview

On May 2, at around 1:15 p.m., M&M's shares were trading higher at ₹2,197 a share, up 1.89% from the previous close on the NSE.

In the broader market, the BSE MidCap increased by 0.95%, and the BSE SmallCap gained by 0.42%.

Eicher Motors, the listed parent of Royal Enfield, reported selling 81,870 motorcycle units in April 2024, marking a 12% increase from 73,136 units in April 2023.

Godrej Consumer Products shares also demonstrated positive returns, with a 3.34% increase over the last month and a substantial 26.07% increase over the last six months.

Two-wheeler exports in March 2024 reached 1.30 lakh units, up 38% from 94,715 units in March 2023, while commercial vehicle exports rose by 42% to 14,630 units.

The company reported last month that 1,794 units were exported and 18,700 units were sold domestically.

The Brezza, Ertiga, S-Cross, and XL6 utility vehicles saw a sales increase to 56,553 units last month from 36,754 units the previous month.

Sales of commercial vehicles as a whole increased by 31% to 29,538 units this month from 22,492 units in April 2023.

Amidst the overall growth, three-wheeler sales experienced a decline, dropping to 9,023 units in April 2024, compared to 11,438 units in April 2023.

The business added that the demand has no appreciable effect on operations, finances, or other activities.