Carmakers' shares up on robust sales volume in August

The shares of listed automobile companies were trading up on the BSE on Friday after several of them announced their August's sales figures on Thursday. 

Passenger cars' sales grew in the domestic market in the month, on the back of revived demand because of a good monsoon so far, this year. August's sales kept July's momentum going, where car sales volume had grown 9.62%. 

The shares of Tata Motors were up 1.55% or Rs 8.45 apiece at Rs 552.10. Tata Motors reported sales growth of 6% by selling 43,061 units in August against 40,679 units in the same period last year. 

The shares of Maruti Suzuki were up 2.08% after it posted a 12.2% growth in its sales volume in August. Its share price was at Rs 105.15, up 2.08% from the previous day's close. Maruti sold 132,211 units in the month over 119,931 units. 

Eicher Motors' shares, the sellers of Royal Enfield, were trading up at Rs 22,906 apiece, up Rs 119.60 or 0.52% from previous day's close. Royal Enfield sold 32% more motorcycles this August compared to the year ago period. Royal Enfield sold 55,721 bikes in the month. 

The shares of Mahindra & Mahindra (M&M) were trading up 0.66% at Rs 1,461.50 from previous day's close. M&M's August sales were up 16% in the month. 

Meanwhile, the shares of Commercial Vehicles' maker Ashok Leyland were trading down over 1% after it registered a drop in its sales figures in the month. The shares of Ashok Leyland were trading down 1.01% or Rs 0.85 down at Rs 82.95 apiece.