Auto Stocks Rally On June Sales: Ashok Leyland, M&M, Maruti Climb; Hyundai Lags
June sales data lifted auto stocks. Ashok Leyland led gains (+4.48%) on 25% YoY CV growth to 19,194 units. M&M rose 2.23% on 37% growth (1.06 lakh units), while Maruti added 1.08% on 19% growth past 2 lakh units. Ola Electric logged 16,144 registrations; Hyundai lagged at 51,335 units after a factory fire cut production.
Auto stocks rallied after June sales data. Ashok Leyland led gains on strong CV sales; M&M and Maruti beat/matched with double-digit growth; Ola Electric registrations rose; Hyundai lagged after a factory fire cut production.