Maruti, M&M up on November vehicle sales

Mon Dec 3, 2012 1:59pm IST

A worker cleans a Maruti Suzuki Swift Dzire car as he is being reflected on a car at the company's stock yard at Sanand in the western Indian state of Gujarat October 30, 2012. REUTERS/Amit Dave

A worker cleans a Maruti Suzuki Swift Dzire car as he is being reflected on a car at the company's stock yard at Sanand in the western Indian state of Gujarat October 30, 2012.

Credit: Reuters/Amit Dave

Related Topics

Stocks

   

Reuters Market Eye - Shares in Maruti Suzuki India Ltd(MRTI.NS) and Mahindra & Mahindra Ltd gained on strong November vehicle sales.

Maruti's November vehicle sales grew 12.5 percent on year to 103,200 units, sustaining the recovery in sales witnessed in October.

Dispatches rose on the back of festive demand, particularly for diesel vehicles and higher exports, brokerage Anandrathi said in a note.

Mahindra & Mahindra reported a 18 percent rise in November sales to 48,143 vehicles and continued on a strong trajectory, boosted by new launches and a large diesel portfolio, the brokerage added.

Maruti shares rose 1.1 percent at 1,491 rupees, while Mahindra & Mahindra shares gained 1.2 percent at 958 rupees.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Election 2014

REUTERS SHOWCASE

Telecom Sector

Telecom Sector

RComm to raise mobile call tariff by up to 20 percent  Full Article 

Chinese Economy

Chinese Economy

China economic growth slows to 18-month low in first quarter  Full Article 

New Direction

New Direction

CEO Nadella pushes data culture at Microsoft.  Full Article 

Strong Sales Volume

Strong Sales Volume

Small is beautiful for Coca-Cola as volumes soar in China  Full Article 

Breakingviews

Breakingviews

Diageo throws money at Indian empire-building  Full Article 

Toyota's Performance

Toyota's Performance

After two bumper years, Toyota braces for shift to slower growth.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage