News

The shares of several auto majors surged on May 2 after the companies posted strong auto sales for the month of April. The rise in the share prices pushed the Nifty Auto index up nearly 2 percent to hover around 22,682 in the morning.

Maruti Suzuki April auto sales:

Maruti Suzuki shares jumped nearly 4 percent to trade at Rs 12,694 apiece, the highest level seen by the stock in over two months. The automaker reported a total sale of nearly 1.8 lakh units in April 2025. This marks a rise of nearly 7 percent from the 1.68 lakh units sold in April 2024.

Maruti Suzuki's domestic sales grew 4 percent year-on-year to 1.52 lakh units, while exports jumped nearly 26 percent YoY to 27,911 units in April 2025.

Its Light Commercial Vehicles (LCV) segment saw the highest surge in domestic sales, rising 34 percent YoY to 3,349 units in the month. Its domestic sales of passenger vehicles rose less than 1 percent YoY to 1.39 lakh units in April 2025.

Mahindra & Mahindra (M&M) shares surged nearly 2 percent to trade at Rs 2,974.90 apiece. The automaker's total sales jumped 19 percent YoY to 84,170 units in April 2025.

M&M’s total exports strongly surged by 82 percent YoY to 3,381 units during the month. Passenger vehicle sales meanwhile grew 28 percent YoY to 52,330 units.

Veejay Nakra, President of Automotive Division at M&M, said, "Building on the strong momentum of last year's performance, we began the year on a strong note in April by achieving SUV sales of 52330 units, a growth of 28% and total vehicle sales of 84170 units, a 19% growth over the same month last year. These numbers indicate the strength of our portfolio and customer offering."

TVS Motor shares rose nearly 2 percent to trade at Rs 2,718 apiece. This comes after the company reported a sales growth of 16 percent YoY to 4.44 lakh units in April 2025. Its EV sales grew 59 percent, while exports increased 45 percent. Three-wheeler sales also grew 50 percent to 13,566 units in the month.

Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Stock Market Holiday Jammu Kashmir News Live Tim Cook Delhi Rain Heatwave in India Odisha 10th Result 2025 WB Madhyamik Result SSLC Result 2025 Kolkata News IPL Points Table 2025

Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups

Home Currencies Commodities Pre-Market IPO Global Market Bonds

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew Fixed Deposits Fixed Deposit Comparison Fixed Income

Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener

Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator

Stock Markets

News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive Topper Learning

About Us Contact Us Advisory Alert Advertise with Us SupportDisclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors

You are already a Moneycontrol Pro user.