Ashok Leyland, Bajaj Auto gain; Maruti Suzuki falls post August sales

Shares of select automobiles companies such as Ashok Leyland, Bajaj Auto, and Eicher Motors were trading higher by up to 4% on Monday after reporting good vehicle sales in the month of August.
Ashok Leyland, the largest gainer among the auto pack, was up 4.4% to Rs 135 on the National Stock Exchange (NSE) as the company reported a growth of 27% year-on-year (yoy) in its total sales at 17,386 units for August. It had sold 13,637 units during the same month of last year, according to its filing to the exchanges.

Sales of medium and heavy commercial vehicles (M&HCV) grew 24% to 13,158 units from 10,570 in the year-ago month. It had sold 10,996 units in the month of July 2018.

Bajaj Auto was up 2% to Rs 2,808 after the company today said it posted highest ever monthly sales in the month of August. The company sold total 437,092 units, 30% higher as compared to 335,031 units sold in the same month last year.