Indian Automakers Rally on Strong August Sales Data
Shares of Bajaj Auto and Mahindra & Mahindra rose following the release of robust August sales figures, which highlighted a significant year-over-year increase. Export demand was cited as a primary driver behind the manufacturers’ improved performance.
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Bajaj Auto shares rise 3% after August sales jump 28% YoY
Bajaj Auto shares rose on Tuesday after the two- and three-wheeler maker reported a 28% year-on-year increase in August sales. Strong export growth drove the performance, with two-wheeler exports rising 53%. Commercial vehicle sales also grew 22%, while the company’s April-August sales increased 29% year-on-year.
Read full article →Bajaj Auto, M&M shares rise as August sales jump; exports power growth - Moneycontrol.com
Bajaj Auto, M&M shares rise as August sales jump; exports power growth Moneycontrol.com
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