Auto Stocks, Avenue Supermarts, Hindustan Zinc, NMDC in Brief
Maruti Suzuki India: The automaker announced the production of 1.44 lakh vehicles in June 2022 compared to 1.65 lakh units the previous year. The shortage of electronic components had a minor impact on vehicle production in June 2022.
Hero MotoCorp: Total motorcycle and scooter sales in June 2022 were 4.85 lakh units, which is 3.3% higher than the 4.69 lakh units sold in the corresponding month of the previous fiscal year . While domestic sales increased by 5.6% to 4.63 lakh units, exports decreased by 29.3% to 0.21 lakh units in June 2022 compared to June 2021.
Mahindra & Mahindra (M&M): M&M said its overall auto sales for the month of June 2022 were 54,096 vehicles, which is 64% higher than the 32,964 vehicles sold in June 2021. agricultural equipment (FES), M&M sold 41,848 tractors in June 2022 compared to sales of 48,222 tractors recorded in the same period last year, recording a decrease of 13% year-on-year.
Eicher Motors: Total motorcycle sales from Eicher Motors (Royal Enfield) soared 43% to 61,407 units in June 2022, from 43,048 units sold in the same period last year.
TVS Motor Company: TVS Motor Company recorded 22% growth in June 2022 with sales of 308,501 units compared to 251,886 units in June 2021.
Avenue Supermarts (DMart): The company reported standalone revenue of Rs 9,806.89 crore in the first quarter of 2022 (Q1FY23), up 94.90% from Rs 5,031.75 crore reported in the same quarter last year.
Hindustan Zinc: The miner said its production of mined metals increased by 14% to 252,000 tonnes in the first quarter of FY23 from 221,000 tonnes in the first quarter of FY22.
NMDC: Public mine iron ore production slipped 13.76% to 2.57 million tonnes (MT) in June 2022 from 2.98 MT in June 2021.
Muthoot Finance: NBFC said it has received permission from the Reserve Bank of India to open 150 new branches. In a separate announcement on Friday, the company announced that the primary issue transaction of 32,35,295 shares with a par value of Rs 10 each with a premium of Rs 330 per share in its subsidiary, Belstar Microfinance, has been finalized.
Glenmark Pharma: The United States Food and Drug Administration (USFDA) issued Form 483 with an observation after an inspection at Glenmark Pharmaceuticals’ Aurangabad-based formulation manufacturing facility between June 27, 2022 and July 1, 2022 .
Zee Media Corporation: Zee Media Corporation announced on Friday that Sudhir Chaudhary has tendered his resignation as the company’s Chief Financial Officer (CEO) effective July 1, 2022.
Paisalo Digital: A special committee of the company’s board of directors will meet on July 6, 2022 to consider issuing non-convertible debentures by private placement.
Ashoka Buildcon: Ashoka Buildcon on Friday announced its lowest joint venture (JV) bid (L-1) for the construction and maintenance of the Rajiv Gandhi Fintech Digital Institute in Jodhpur.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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