Auto stocks revved up during the special Muhurat trading session for Samvat 2081 on November 1, fueled by strong October sales updates. Leading the pack were M&M, Tata Motors, Bajaj Auto, Hyundai Motor, and Maruti Suzuki India, with share prices surging as much as 3 percent compared to the benchmark Nifty 50’s modest 0.5 percent rise.
M&M took center stage, reporting a record-breaking 54,504 SUV sales in October, up 25 percent year-on-year, and achieving a total sales volume (including exports) of 96,648 units—a milestone for the automaker.
Hyundai Motor also hit new highs, with SUV sales climbing to 37,902 units in October, alongside record domestic sales of 17,497 units for the Hyundai CRETA. Maruti Suzuki India followed suit with a 20 percent year-on-year increase in SUV sales, totaling 70,644 units, showcasing popular models like Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, and XL6.
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Bajaj Auto’s Chetak electric scooter soared past expectations, with a record monthly sales figure of 30,656 units in October—a 211 percent jump over the same period last year when sales stood at 9,070 units. This marked the highest-ever monthly retail sales for Bajaj’s Chetak.
However, Tata Motors saw a slight dip in October sales, reporting a total of 82,682 units compared to 82,954 in October of the previous year. Its passenger vehicle (PV) sales, including electric vehicles, also saw a minor decline to 48,423 units from 48,637 units year-on-year.
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