TaMo, Maruti Suzuki: Auto stocks in tight spot amid diverse December sales

In December 2022, most automobile shares flaunted negative returns, with Tata Motors leading the pack, followed by Eicher Motors and Maruti Suzuki

Automobile company shares traded mixed on Tuesday as the December sales figures highlighted diverse trends. 

Ashok Leyland and Tata Motors reported a growth of 49 per cent and 10 per cent, respectively, on YoY (year-on-year) basis, while Maruti Suzuki and Eicher Motors registered declines of 9 per cent and 7 per cent in their December domestic sales. Hero MotoCorp and and Bajaj-Auto sales saw marginal gains of close to 2 per cent.

Shares of Bajaj Auto and Hero MotoCorp on Tuesday gained 1 per cent and 0.50 per cent, respectively, whereas Ashok Leyland and Maruti Suzuki India slipped in trade losing