Auto stocks ride high on improved May sales numbers
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Stocks related to auto industry were trading higher on improved May sales numbers. SML Isuzu has sold 1290 vehicles in May 2023 as against 1145 vehicles in May 2022, showing a rise of 13% year-on-year, while Bajaj Auto has reported rise of 29% in total sales to 3,55,148 units in May 2023 as against 2,75,868 in the same month last year. Further, Eicher Motors and Volvo Group’s joint venture (JV) company -- VE Commercial Vehicles (VECV) has posted an 11.6% growth in total sales at 6289 units in May 2023.
SML Isuzu is currently trading at Rs. 1104.65, up by 22.30 points or 2.06 % from its previous closing of Rs. 1082.35 on the BSE.
Bajaj Auto is currently trading at Rs. 4646.05, up by 82.60 points or 1.81% from its previous closing of Rs. 4563.45 on the BSE.
Eicher Motors is currently trading at Rs. 3717.30, up by 32.00 points or 0.87 % from its previous closing of Rs. 3685.30 on the BSE.
