67th Day Of Lockdown

Maharashtra62228269972098 Tamil Nadu2024611313157 Delhi173877846398 Gujarat159448611980 Rajasthan83654855184 Madhya Pradesh76454410334 Uttar Pradesh74454215201 West Bengal48131775302 Bihar3359120915 Andhra Pradesh3330223460 Karnataka278189448 Telangana2256134567 Punjab2197194942 Jammu and Kashmir216487528 Odisha17239779 Haryana172194019 Kerala11515659 Assam9361044 Uttarakhand493794 Jharkhand4621914 Chandigarh3641894 Chhatisgarh364830 Tripura2421650 Himachal Pradesh223634 Goa68370 Puducherry49170 Meghalaya20121 Nagaland1800 Manipur540 Arunachal Pradesh210 Mizoram110 Sikkim100
Business Autos 04 May 2020 Auto shares down by ...

Auto shares down by 12% as automakers score nil domestic sales in April

PTI
Published May 4, 2020, 3:38 pm IST
Updated May 4, 2020, 3:41 pm IST
Maruti Suzuki India, Hyundai Motor India Ltd, Mahindra & Mahindra, Toyota Kirloskar Motor and MG Motor India reported nil sales
Auto stocks plunged nearly 12 percent. (PTI Photo)
 Auto stocks plunged nearly 12 percent. (PTI Photo)

New Delhi: Auto stocks on Monday plunged nearly 12 percent after top carmakers, including Maruti Suzuki reported zero monthly domestic sales for the first time ever in April after the nationwide lockdown halted output and shut sales network.

Shares of Tata Motors tanked 12.45 percent, Motherson Sumi Systems shares plummeted 12.27 percent, Apollo Tyres 9.45 percent, Hero MotoCorp 8.34 percent, Maruti Suzuki India 8 per cent on the BSE.

 

Ashok Leyland tumbled 7.83 per cent, TVS Motor Company 7.16 per cent, Mahindra & Mahindra 6.95 percent, Bajaj Auto 6.66 percent and Eicher Motors 6.30 percent.

The BSE Auto index fell by 6.33 percent in early trade.

Maruti Suzuki India, Hyundai Motor India Ltd, Mahindra & Mahindra, Toyota Kirloskar Motor and MG Motor India reported nil sales as they suspended operations even before the imposition of lockdown on 25 March, to check the spread of coronavirus.

Maruti Suzuki, which produces more than half of the cars running on Indian roads, said it did not sell any vehicle in the domestic market in April.

Homegrown automaker M&M also reported zero sales of passenger and commercial vehicles in the domestic market. In the two-wheeler segment, niche bike maker Royal Enfield said it had zero sales in the domestic market.

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT