Sensex Today | Stock Market LIVE Updates: GIFT Nifty indicates muted start for index ahead of RBI meet

Sensex Today | Stock Market LIVE Updates: Auto Stocks In Focus After May Sales Data After the auto sales data was released on June 1, auto stocks will be in focus. Here is how major automotive companies fared in the month of May.
M&M 
Continues to outperform peers
Sales higher than expectations for both auto & tractor
 
Auto Segment
Total sales up 17% YoY at 84,110 units (YoY)
SUV sales up 21% at 52,431 units Vs 43,218 units (YoY)
Exports up 37% at 3,652 units Vs 2,671 units (YoY)
3W sales up 11% 6,635 units Vs 5,967 units (YoY)
 
Tractor Segment
Total sales up 10% at 40,643 units vs 37,109 units (YoY)
Domestic sales up 10% at 38,914 units Vs 35,237 units (YoY)
 
Commentary
Early advancement of monsoon should bode well for kharif sowing
 
 
Tata Motors
Sales below estimates
Total sales down 8.6% at 70,187 units Vs 76,766 units (YoY)
Domestic sales down 10% at 67,429 units Vs 75,173 units
PV Sales Down 11% At 42,040 Units Vs 47,075 Units YoY
CV Sales Down 5% At 28,147 Units Vs 29,691 Units YoY
 
 
 
TVS MOTOR 
Healthy trend continues
All the segments register growth of 14% or more
Total sales up 17% at 4.31 lk units Vs 3.69 lk units (YoY)
2W sales up 16% at 4.16 lk units Vs 3.59 lk units  (YoY)
EV sales up 50% at 27,976 units Vs 18,674 units (YoY)
Exports up 22% at 1.18 lk units Vs 96,966 Units (YoY)
3W sales up 46% at 15,109 units Vs 10,324 units (YoY)
 
TVS Motor says
Magnet availability may impact EV sales in short to medium term
 
EICHER MOTORS
Sales led by up to 350cc segment
Contribution of exports continues to rise
Royal Enfield total sales up 26% at 89,429 units Vs 71,010 units (YoY)
Sales with engine up to 350cc up 28% at 76,492 units Vs 59,852 units (YoY)
Sales with engine >350cc up 16% at 12,937 units Vs 11,158 units (YoY)
Exports up 82% at 13,609 units Vs 7,479 units (YoY)
 
HERO MOTO
Sales slightly below estimates
Low-single digit growth for all the segments
Total sales up 2% at 5.08 lk units Vs 4.98 lk units (YoY)
Motorcycle sales up 1% at 4.75 lk units Vs 4.71 lk units
Domestic sales up 2%, export sales flat YoY

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