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Auto stocks fall amid weak December sales data

01 Jan 2024 Evaluate

The stocks relating to the auto industry were trading lower, amid weak December sales data from some of the companies. Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES) has reported 17.66% fall in total tractor sales (Domestic + Exports) during December 2023 at 19,138 units, as against 23,243 units for the same period last year, while Maruti Suzuki India has reported a 1.28 per cent decline in total sales at 1,37,551 units in December 2023. The company had posted total sales of 1,39,347 units in the same month a year ago. Further, Escorts Kubota’s Agri Machinery Business Division has sold 4,536 tractors in December 2023 as against 5,573 tractors sold in December 2022, registering a fall of 18.6%. 

Mahindra & Mahindra is currently trading at Rs. 1706.65, down by 19.50 points or 1.13% from its previous closing of Rs. 1726.15 on the BSE.

Maruti Suzuki India is currently trading at Rs. 10280.00, down by 19.40 points or 0.19% from its previous closing of Rs. 10299.40 on the BSE.

Escorts Kubota is currently trading at Rs. 2978.75, down by 7.20 points or 0.24% from its previous closing of Rs. 2985.95 on the BSE.

Mahindra & Mahindra Share Price

3199.35 -22.00 (-0.68%)
17-Apr-2026 16:59 View Price Chart
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