Tata Motors announced on Saturday, 1 October 2016 that Tata Motors passenger and commercial vehicle sales (including exports) rose 8% to 48,648 units in September 2016 over September 2015. The company's domestic sales of Tata commercial and passenger vehicles rose 5% to 42,961 units in September 2016 over September 2015. Exports surged 29% to 5,687 units in September 2016 over September 2015.
Maruti Suzuki India (MSIL) announced on Saturday, 1 October 2016 that its total sales jumped 31.1% to 1.49 lakh units in September 2016 over September 2015. Domestic sales surged 29.4% to 1.37 lakh units in September 2016 over September 2015. Exports jumped 54% to 11,822 units in September 2016 over September 2015.
Mahindra & Mahindra (M&M) announced on Saturday, 1 October 2016 that its auto sales rose 8% to 46,130 units in September 2016 over September 2015. Domestic sales rose 7.18% to 42,545 units in September 2016 over September 2015. Exports increased by 14% to 3,585 units in September 2016 over September 2015.
Eicher Motors announced on Saturday, 1 October 2016 that its motorcycle division reported a 30% jump in total sales at 57,842 units in September 2016 over September 2015. Exports rose 18% to 884 units in September 2016 over September 2015.
Separately, Eicher Motors announced on Saturday, 1 October 2016 that VE Commercial Vehicles (VECV) reported a 14% increase in total sales at 4,843 units in September 2016 over September 2015.
Ashok Leyland announced on Saturday, 1 October 2016 that its total sales declined 18% to 12,057 units in September 2016 over September 2015. Sales of medium & heavy commercial vehicles (M&HCV) declined 26% to 8,963 units in September 2016 over September 2015. Light commercial vehicles (LCV) sales rose 17% to 3,094 units in September 2016 over September 2015.
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State Bank of India (SBI) announced on Saturday, 1 October 2016 that the Government of India (GoI) vide notification dated 1 October 2016, extended the tenure of Arundhati Bhattacharya as Chairman of SBI for a period of one year with effect from 7 October 2016 or until further orders, whichever is earlier.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus after announcing revision in petrol and diesel prices with effect from the midnight of 30 September 2016. Indian Oil Corporation (IOCL) on Friday, 30 September 2016, announced an increase in the price of petrol by Rs 0.28 per litre and diesel price was decreased by Rs 0.06 a litre at Delhi (including state levies) with corresponding price revision in other states.
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