Friday, 2 June 2017

Auto companies post mixed sales figures for May

Automobile companies on Thursday came out with mixed sales figures for last month. The May sales figures have given mixed signals, while tractors' off-take remained a bright area. However commercial vehicle sales numbers remained subdued due to transition to the BS IV standards. On a company specific basis, automobile major Maruti Suzuki's total sales rose 11.3 per cent to 136,962 units from 123,034 units sold during the corresponding month of 2016. Maruti's domestic sales edged higher by 15.5 per cent to 130,676 units from 113,162 units. However, exports plunged by 36.3 per cent with only 6,286 units shipped out during May 2017, down from 9,872 units sold abroad in the like period of 2016.

The other passenger vehicle major Hyundai Motor India Ltd (HMIL) registered an increase of 1.6 per cent in its domestic sales of 42,007 units for the month of May 2017. For every updates related to the Share and Stock Market click here to subscribe us>> http://www.ripplesadvisory.com/nifty-future-.php

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