The Nifty Auto index ended almost unchanged on Friday, slipping 15.55 points or 0.06 per cent to 26,753.10, as investors weighed September sales data and fresh commentary from JPMorgan, which said that for the auto sector this month, “commentary matters more than data.”
Maruti Suzuki: In line with estimates, retail steady
Maruti Suzuki India Ltd reported total sales of 1,89,665 units in September, up 2.7 per cent from 1,84,727 units last year. This came in line with Zee Business estimates of 1,89,000 units. The company hit an export record of 42,204 units, though domestic PV sales fell to 1,32,820 units from 1,44,962 last year. Shares closed 0.98 per cent lower at Rs 15,808 on the NSE.
Hero MotoCorp: Beats estimates, retail lag still a concern
Hero MotoCorp posted total sales of 6,87,2