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

Pricing Controls

REUTERS SHOWCASE

India-China Relations

India-China Relations

India says to defend China border after standoff ahead of Xi visit.  Full Article 

Importing Iron Ore

Importing Iron Ore

As mining curbs bite, India offers market to glut-hit iron ore.  Full Article 

Lower Output

Lower Output

IOC cuts refinery output as rains hit fuel demand - source.  Full Article 

Drug Approval

Drug Approval

Epirus, Ranbaxy win India approval for arthritis drug copy.  Full Article 

Farming and Technology

Farming and Technology

Climate smart farmers get tech savvy to save India's bread basket.  Full Article 

Rajan Speaks

Rajan Speaks

RBI chief Rajan says limiting reliance on foreign debt.  Full Article 

India-Vietnam Ties

India-Vietnam Ties

India tightens Vietnam defence, oil ties ahead of China Xi's visit.  Full Article 

Debt & Equity Deal

Debt & Equity Deal

KKR to lend $175 million to GMR Infrastructure - source.  Full Article 

Preparing for IPO

Preparing for IPO

Alibaba boosts IPO as demand strengthens.  Full Article 

Reuters India Mobile

Reuters India Mobile

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