The overall volume at India's top four M&HCV makers - Tata Motors, Ashok Leyland, Volvo Eicher, and Mahindra & Mahindra - fell 59.5 per cent to 31,067 units during the month.
The auto sector has been among the worse-hit in terms of sales in the past two years.
Commercial vehicles witnessed a fall of 15-17% in November as buyers struggled to meet margin money requirements, reports Swaraj Baggonkar.
Increased truck sales, new models push Leyland's share to 34%, from 30.2% in the same quarter a year before.
Since last month, the realty (down 23%), auto (down 16%) and finance (down 14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Mixed global cues and decline in crude oil prices further dent the sentiments.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The Ambanis are the only Indian family on the top 10 richest families list in Asia.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Consumer businesses come to the rescue of large conglomerates in the midst of a meltdown in commodities.
Apart from a pavilion of vintage cars, there will be a Bollywood corner
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We take a look at vintage two-wheelers on display at the just-concluded Auto Expo 2016.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
From paper company to auto parts, 5 companies that stood the test of time.
India's GDP for the three-month period ended September 30 grew 7.4%.
ICICI Bank was the top loser along with index heavyweights RIL, ITC and HDFC.
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
Mukesh Ambani remains the country's wealthiest promoter as his stake in Reliance is now worth Rs 3.25 trillion!
Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.
Financials emerged as the top gainers while auto shares rallied on robust September sales
Combined sales at top four manufacturers - Tata Motors, Ashok Leyland, Volvo Eicher Commercial Vehicles, and Mahindra and Mahindra - dropped 20 per cent to 20,324 units in November
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
Ricoh India, the largest gainer among these pack, has rallied 192 per cent from Rs 294 to Rs 859 on the BSE so far in the current calendar year.
It's the first time in its 178-year-old history that the iconic British motorcycle firm owned by the Bloor family has got into an alliance. Three years after announcement, the two companies formally signed on the dotted lines on Friday for a long-term partnership, which aims to achieve global scale in a segment in which Royal Enfield has head-start.
The calculation excludes cross-holding of listed group cos in each other.
The recurrent increases in fuel prices over the past 10 days are eating into the margins of transporters, who will be forced to pass on the hikes to their customers. This, in turn, is set to make the prices of daily consumables and other goods dearer, affect consumption, and slow economic growth, said transporters and analysts. Freight rates on grand trunk routes have shot up 3-4 per cent month-on-month in the past few days, according to the Indian Foundation of Transport Research & Training (IFTRT).
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta
TCS tops the list of 100 wealth creators for the fourth time in a row
Stocks and sectors impacted most by GST.
The domestic car sales volume of the company is also growing at 15%
T N Ninan lists a few David-Goliath encounters in the Indian markets, all of which make life interesting, though difficult if you are an investor looking for the next multi-bagger.
Analysts expect the indices to dip further if the global macros do not stabilise
MHCV sales' grew by 9% to 5,033 units over September 2020 and 3% over October 2019, the first month registering growth over the previous year.
ITC, Sun Pharma, Cipla and Tata Steel were top gainers on BSE Sensex
These consistent performers are expected to maintain momentum.
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