Auto sales numbers fail to impress markets

Ashok Leyland, Maruti, M&M and Bajaj Auto reported good sales figures for the month of November, but failed to impress the market. S&P BSE Sensex closed at 32,832.94, down 316.41 points or 0.95 per cent. While, BSE Auto index was at 24954.73, down 250.64 points, or 0.99 per cent

Ashok Leyland's total sales in November were at 14,460 units, up by 51 per cent. The company's M&HCV sales were up 54 per cent at 10,641 units, while LCV sales were up 44 per cent at 3,819 units.The stock of Ashok Leyland closed at Rs. 120.50 per share, up by 2.16 per cent.

Mahindra & Mahindra reported a 18% growth in total sales by selling 38,570 vehicles during the month of November. The company's MHCV segment witnessed stellar sales with a growth of 122 per cent as compared to the corresponding period in the last fiscal. The stock of M&M closed at Rs. 1,412.00 per share, up 0.11 per cent.

In November, Maruti Suzuki registered a total sales growth of 14.1% on yoy basis. The company sold a total of 1.54 lakh units during the month. Meanwhile, the company announced the launch of a new version of Celerio, Celerio X. The stock of Maruti closed at Rs. 8,605 per share, up 0.03 per cent.

The stock of Bajaj Auto was trading lower as the company's total sales for the month of November stood at 3.26 lakh units, which is up 21 per cent, but slightly below market estimates. However, the company's commercial vehicles segment (three-wheelers) registered the highest ever sales growth of 157 per cent for the month.

Meanwhile, Royal Enfield sales was at 70,126 units up 22 per cent. The stock of Eicher Motors was at Rs. 29,296.00 per share, down by 2.28  per cent in pre-closing hours. Among other automobile companies, SML Isuzu registered a total sales growth of 6.6 per cent on YoY basis and total sales for Atul Auto was up by 3per cent, at 3,555 units on YoY basis.