Auto stocks rides high as domestic passenger vehicle sales surge 23% in Q3
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Some stocks related to the auto industry were riding high as the automobile industry body Society of Indian Automobile Manufacturers has said passenger vehicle wholesales rose 23 per cent year-on-year in the December 2022 quarter of current financial year (Q3FY23), aided by robust demand in the festive period. It stated the total passenger vehicle dispatches from the companies to dealers in the third quarter rose to 9,34,955 units compared to 7,61,124 units in the same period of the previous financial year. In December, passenger vehicle sales witnessed an increase of 7 per cent at 2,35,309 units against 2,19,421 units in the year-ago month.
Tata Motors is currently trading at Rs. 412.40, up by 0.95 points or 0.23% from its previous closing of Rs. 411.45 on the BSE.
Atul Auto is currently trading at Rs. 295.30, up by 8.35 points or 2.91% from its previous closing of Rs. 286.95 on the BSE.
