Moneycontrol
HomeNewsBusinessMarketsAuto stocks race ahead on special Muhurat trading as strong October sales fuel gains
Trending Topics

Auto stocks race ahead on special Muhurat trading as strong October sales fuel gains

Leading the pack were M&M, Tata Motors, Bajaj Auto, Hyundai Motor, and Maruti Suzuki India

November 01, 2024 / 18:39 IST
Story continues below Advertisement
M&M took center stage, reporting a record-breaking 54,504 SUV sales in October

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.

Story continues below Advertisement

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.

Catch all the market action of special Muhurat trading session on our LIVE blog