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May Auto Sales: Escorts Kubota shares decline despite 19% growth; Here are the near-term headwinds
Escorts Kubota's domestic sales increased 22.5% to 11,887 units in May compared to 9,703 units in the previous year. However, tractor exports declined 35% to 423 units from 651 units in the year-ago period.
May Auto Sales Live Updates: Maruti Suzuki, Tata Motors Among Major Automakers To Release Sales Data Today
May Auto Sales Live: Major automakers to release monthly sales data on Monday, June 1.
Atul Auto consolidated net profit rises 106.85% in the March 2026 quarter
Sales rise 16.55% to Rs 238.44 crore
TVS Motor, Hero MotoCorp lead auto stock decline despite strong sales data; Nifty Auto falls over 1%
Among the top losers in the Nifty Auto index were TVS Motor Company, Hero MotoCorp, Eicher Motors, and Ashok Leyland, with shares falling between 1% and 3%. Other laggards included Maruti Suzuki and Tata Motors Passenger Vehicles shares.
Auto Inc stares at stress in Bharat as signs of slowdown emerge
India's largest tractor makers and a motorcycle company anticipate declining sales due to poor monsoon conditions, risking stress in the rural auto industry. Mahindra forecasts 5% growth, while Escorts expects a 2-3% decline.