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Hero MotoCorp, M&M, other auto stocks drop up to 5% despite strong August sales numbers. Should you buy the dip?
Despite strong August sales data reflecting robust demand for passenger vehicles, auto stocks faced a notable drop. Maruti Suzuki and Tata Motors both reported impressive sales increases, while Hyundai Motor India celebrated its highest domestic sales ever in August. However, tractor sales diverged from this trend, as analysts expressed worries about future demand amidst the specter of price rises and increasing inflation.
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thehindubusinessline.com
Two-wheelers grow 18-20%, trucks 14-16% in August amid festive demand as tractors lose momentum
M&M, Ashok Leyland, TVS Motor and Bajaj Auto are among the manufacturers seeing robust August volume growth, according to YES Securities report
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Maruti Suzuki, M&M, Tata Motors lead auto sales growth in August; PV demand stays strong
Led by new launches and positive sentiments, two-wheeler makers also report double digit growth
