The Nifty50 might rally back to 9,700 if corona cases are in control else then we could see the Nifty dragging back and possibly even break its recent low of 7511.
Hopefully, in April things should normalise except that there will be a slight dip in demand thanks to all the preponement of sales in last month, said Rajiv Bajaj, MD, Bajaj Auto.
The company's popular models Grand i10, Elite i20 and Creta achieved a record sales of over 10,000 units each in a single month in March.
Sales of passenger vehicles in the domestic market grew 84 percent to 15,433 units last month.
Toyota Kirloskar Motor (TKM) today reported 80 percent increase in its sales in March at 13,800 units driven by its Innova Crysta and new Fortuner models.
In an interview to CNBC-TV18, Jitendra Adhia, VP-Finance, Atul Auto, discusses on the company‘s plans and future outlook.
Bajaj Auto‘s disappointing run continued in March, with the company saying its overall sales fell 18 percent to 2.50 lakh, compared to March 2014. But in an interview, MD Rajiv Bajaj said that a slew of recent and upcoming launches at both the economy and premium segments would help regain market share.
Mahindra & Mahindra today reported a 12.44 percent decline in total sales at 45,212 units in March.
US auto sales rose about 13% in March as consumers energized by an improving job market replaced aging vehicles and took advantage of cheap financing.