Auto stocks were mixed after the Society of Indian Automobile Manufacturers (SIAM) announced the automobile industry sales figures for August 2019.
The S&P BSE Auto index was up 32.46 points or 0.20% to 15,991.14, underperforming the Sensex. The S&P BSE Sensex was up 235 points or 0.64% to 37216.67.
Ashok Leyland (down 1.72%), TVS Motor Company (down 0.35%), Bajaj Auto (down 0.24%), Eicher Motors (down 0.17%) and Tata Motors (down 0.08%) declined.
Escorts (up 3.08%), Mahindra & Mahindra (up 0.8%), Maruti Suzuki India (up 0.76%) and Hero MotoCorp (up 0.15%) advanced.
According to SIAM, all vehicle categories witnessed decline in sales during the month. Vehicle sales across categories registered a decline of 23.55% to 18,21,490 units from 23,82,436 units in August 2018, it added.
Domestic car sales were down 41.09% to 1,15,957 units as against 1,96,847 units in August 2018. Total two-wheeler sales in August declined 22.24% to 15,14,196 units compared to 19,47,304 units in the year-ago month. Sales of commercial vehicles were down 38.71% to 51,897 units in August, SIAM said.
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