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<keyword id="19993913" type="General" weightage="20" keywordseo="Mahindra-Mahindra" source="keywords" meta.keywordsubtype="org" meta.entityname="Mahindra &amp; Mahindra" meta.hostid="261" meta.entityid="Mahindra &amp; Mahindra">Mahindra &amp; Mahindra</keyword> on Thursday reported a 4 per cent increase in consolidated profit after tax (PAT) to Rs 2,754 crore for the March quarter, driven by strong performance of its automotive and farm sector segments. The company had posted a consolidated PAT of Rs 2,637 crore in the January-March quarter of the 2022-23 fiscal, <keyword id="19981454" type="General" weightage="20" keywordseo="mm" source="keywords">M&amp;M</keyword> said in a regulatory filing. <keyword id="19945274" type="General" weightage="20" keywordseo="revenue" source="keywords">Revenue</keyword> increased to Rs 35,452 crore in the fourth quarter, registering a growth of 9 per cent, as compared to Rs 32,456 crore in the corresponding period a year ago, it added. For the year full year ended March 31, the company posted a consolidated <keyword id="19942166" type="General" weightage="20" keywordseo="net-profit" source="keywords">net profit</keyword> of Rs 11,269 crore as against Rs 9,025 crore in FY23, an increase of 25 per cent. Revenue rose 15 per cent to Rs 1,39,078 crore in the last fiscal as compared with Rs 1,21,362 crore in FY23. "It has been an excellent year with most of our businesses delivering a high level of performance. Auto continued its high growth trajectory, Farm gained share in a tough market and <keyword id="20085620" type="General" weightage="20" keywordseo="Mahindra-Finance" source="keywords" meta.keywordsubtype="org" meta.entityname="Mahindra Finance" meta.hostid="261" meta.entityid="Mahindra Finance">Mahindra Finance</keyword> delivered on asset quality," M&amp;M Managing Director &amp; CEO Anish Shah said. TechM was a weak spot, the turnaround has commenced with the new organisation in place, he added. The company said its board has approved a dividend of Rs 21.10 per share of the face value of Rs 5 each. Shares of the company were trading flat at Rs 2,302.80 apiece on the BSE.

Mahindra Q4 net profit rises 4% to Rs 2,754 crore; Revenue at Rs 35,452 crore

<ul class="summary-list"><li>Imax CEO Richard Gelfond told BI "Joker: Folie à Deux" will be shown in Imax 70mm.</li><li>The "Joker" sequel joins recent hits like "Oppenheimer" and "Dune: Part Two" as titles receiving this unique release.</li></ul>Director Todd Phillips' anticipated <a target="_blank" href="https://www.businessinsider.com/joker-2-trailer-joaquin-phoenix-and-lady-gaga-shine-2024-4">"Joker: Folie à Deux,"</a> the sequel to his hit 2019 movie "Joker," will get the theatrical release treatment previously given to the likes of Christopher Nolan and Denis Villeneuve."Joker: Folie à Deux" will be shown in Imax 70mm, the company's CEO Richard Gelfond told Business Insider on Tuesday at CinemaCon hours before Warner Bros. world premiered the movie's trailer at the annual movie-theater convention in Las Vegas."Yes, we are going to present it in Imax 70mm," Gelfond told BI.Showing a movie in this pristine large format has become a confirmation of sorts that a director has achieved auteur status.For the release of "Oppenheimer" last summer, Nolan made it clear while promoting it that seeing the movie in Imax 70mm was <a target="_blank" href="https://www.businessinsider.com/theaters-where-you-can-see-oppenheimer-in-imax-70mm-2023-7">the way he intended people to experience</a> his Oscar-winning epic.<div type="image" title="Lady Gaga holding Joaquin Phoenix face" height="1054" width="1875" msid="109201120" hostid="261" sizebytes="123280"></div>Villeneuve continued the trend last month with the release of "Dune: Part 2."Both titles became not just critical darlings due to filmmakers' visions but huge moneymakers, with "Oppenheimer" taking in <a target="_blank" href="https://www.boxofficemojo.com/title/tt15398776/?ref_=bo_se_r_1">close to $1 billion at the worldwide box office</a> and "Dune: Part 2" nearing <a target="_blank" href="https://www.boxofficemojo.com/title/tt15239678/?ref_=bo_se_r_1">$700 million worldwide</a> to date.There's also the exclusivity that comes with an Imax 70mm release, as only 30 theaters in the world are capable of showing a movie in that format.In "Joker: Folie à Deux," which was shot with Imax-certified cameras, Joaquin Phoenix returns to play the role of Arthur Fleck, aka Joker. Lady Gaga joins the franchise as Joker's love interest, Harley Quinn.2019's "Joker" was a huge success, earning <a target="_blank" rel=" nofollow" href="https://www.boxofficemojo.com/title/tt7286456/?ref_=bo_se_r_1">over $1 billion at the worldwide box office</a>. It is also the highest-grossing R-rated movie ever at the worldwide box office. The movie also received 11 Oscar nominations with wins for Best Actor (Phoenix) and Best Original Score."Joker: Folie à Deux" opens in theaters on October 4.

'Joker 2' will be available in Imax 70mm, CEO says

<ul><li>Auto major <keyword id="45224" type="General" weightage="20" keywordseo="Mahindra" source="Orion">Mahindra</keyword> &amp; Mahindra on Friday reported a 22% YoY increase in Q4 standalone net profit to ₹1,549 crore </li><li>The company’s total volumes reached 1.1 million in FY23, increasing 35% from FY22. </li><li><keyword id="46869" type="General" weightage="20" keywordseo="MM" source="Orion">M&amp;M</keyword> further cemented its lead position in terms of revenue market share in the SUV segment, and said the demand momentum in SUVs is strong with open orders of 2.92 lakh units as of May 1. </li></ul>Auto major Mahindra &amp; Mahindra on Friday reported a 22% year-on-year (YoY) increase in Q4 standalone net profit to ₹1,549 crore, falling short of analyst<a href="https://economictimes.indiatimes.com/markets/stocks/earnings/q4-results-today-what-to-expect-from-mm-grasim-info-edge-and-samvardhana-motherson/articleshow/100517470.cms"> estimates</a>. For FY23, net profit grew 34.5% to ₹6,549 crore from ₹4,870 crore in FY22, thanks to higher volumes and cooling inflation. M&amp;M’s standalone revenue in Q4 grew 31% YoY to ₹22,571 crore, beating analyst estimates of ₹21,899 crore. For FY23, its revenue grew 47% to ₹84,960 crore. “Operational profits improved significantly, as a result of volume growth, timely pricing actions, easing commodity inflation and stringent control over fixed costs,” the company said in its exchange filing. However, the lower share of farm equipment in total volumes during FY23 resulted in a decline in net margins, which fell to 7.7% from 8.4% in FY22. "It has been a blockbuster year for the group. Auto led the way with record-breaking launches, as we regained the #1 position for SUV revenue market share. LCVs, farm equipment, and electric 3-wheelers continue to strengthen our leadership position," said M&amp;M chief executive officer and managing director Anish Shah. <cmsannotation type="cmsannotation" annotationid="Volumes surge across the board" comment="subhead" text="Volumes surge across the board">Volumes surge across the board</cmsannotation> M&amp;M’s volume growth during Q4 was driven by the farm equipment segment, with tractor sales recording a 24% YoY growth to 89,128 units. On a full-year basis, both the automotive as well as farm equipment segments hit their respective all-time highs at 6.98 lakh units and 4.04 lakh units, respectively. Overall, M&amp;M’s total volumes surged 35% in FY23 to 1.1 million units, from 8.17 lakh units in FY22. Driving the growth in the automotive segment were “successful mega launches”, the company said in a post-earnings press conference. M&amp;M also expanded its dominance in the sports utility vehicle (SUV) segment, increasing its revenue market share by 170 basis points YoY to 19.6%. It said that the open bookings of its SUVs stood at 2.92 lakh as on May 1, further underlining its leadership position in this segment and also the strong demand momentum. The company also declared a dividend of ₹16.25 per share. Its shares closed 0.3% higher on Friday, at ₹1,282 apiece. M&amp;M’s Q4 and FY23 standalone numbers: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 FY22 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹84,960 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹57,787 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹22,571 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹17,238 cr </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6,549 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,870 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,549 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,269 cr </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net margin </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.7% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8.4% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.9% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.4% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Volume – automotive (units) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">698456 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">465601 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">189227 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">155906 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Volume – farm equipment (units) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">403981 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">350981 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">89128 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">72058 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total volume (units) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1102437 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">816582 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">278355 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">227964 </td></tr></tbody></table> Source: Company reports SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/airtel-not-jio-to-gain-the-most-from-vodafone-ideas-troubles/articleshow/100524707.cms">Airtel, not Jio, to gain the most from Vodafone Idea's troubles</a> <a href="https://www.businessinsider.in/stock-market/news/lic-shares-surge-over-3-after-it-posts-a-five-fold-jump-in-q4-net-profit/articleshow/100495712.cms">LIC shares surge over 3% after it posts a five-fold jump in Q4 net profit</a> <a href="https://www.businessinsider.in/stock-market/news/adani-enterprises-titan-eicher-motors-tata-motors-reliance-and-other-big-companies-performance-in-nifty-50/articleshow/100474408.cms">Big boys drive Nifty50’s revenue and profit growth in FY23</a>

M&M Q4 standalone net profit rises 22% YoY to ₹1,549 crore, misses estimates

<ul class="summary-list"><li>Beginning February 23, Christopher Nolan's "Tenet" will be released again in theaters for one week. </li><li>It will be shown in standard and Imax formats, as well as in 70mm Imax. Tickets are on sale now.</li></ul>Christopher Nolan's 2020 sci-fi thriller "Tenet" is returning to theaters, and some will finally be showing it in the format Nolan encourages people to see it in — Imax 70mm.For one week only beginning on February 23, Warner Bros. will be releasing the movie in select theaters in Imax 70mm, as well as standard and regular Imax formats.Only a select number of theaters in the world can show movies in Imax 70mm. But for years, Nolan has made his films — including <a target="_blank" href="https://www.businessinsider.com/oppenheimer-christopher-nolan-interview-sex-scenes-barbenheimer-2023-7">his most recent, "Oppenheimer,"</a> — so they are able to play on this grand format.Here are the 12 theaters where you can see the re-release of "Tenet" in Imax 70mm. Tickets are on sale now.<h2>US THEATERS</h2>Arizona Harkins Arizona Mills 25 &amp; Imax — TempeCalifornia AMC Metreon 16 &amp; Imax — San Francisco Regal Irvine Spectrum 21 + Imax — Irvine TCL Chinese Theater Imax — Hollywood Universal Cinema AMC at CityWalk Hollywood &amp; Imax — Universal CityIndiana Imax Theatre at Indiana State Museum — IndianapolisNew York AMC Lincoln Square 13 &amp; Imax — New York CityPennsylvania Regal UA King of Prussia &amp; Imax — King of PrussiaTennessee Regal Opry Mills &amp; Imax — Nashville<h2>INTERNATIONAL THEATERS</h2>Australia Imax, Melbourne Museum — MelbourneCanada Cineplex Cinemas Vaughan &amp; Imax — Woodbridge, OntarioUK BFI Imax, British Film Institute — London

Only 12 theaters in the world are showing Christopher Nolan's re-release of 'Tenet' in Imax 70mm — here they all are

Seoul, Global fabrication capacity for 200-millimeter wafers is forecast to jump 14 per cent over the next three years, a report showed on Thursday, as demand for chips used in electric vehicles (EVs), in particular, is sharply rising. "The development of powertrain inverters and charging stations for EVs in particular is expected to fuel increases in global 200mm wafer capacity, as EV adoption continues to rise," according to the 200mm <keyword id="18943431" type="General" weightage="50" keywordseo="fab-outlook" source="Orion">Fab Outlook</keyword> to 2026 report, published by SEMI, a global industry association representing some 3,000 electronics design and manufacturing companies worldwide. "The global <keyword id="581400" type="General" weightage="20" keywordseo="semiconductor-industry" source="Orion">semiconductor industry</keyword>'s ramp to record 200mm fab capacity highlights the bullish expectations for growth in the automotive market in particular," SEMI President and CEO Ajit Manocha said. "While automotive chip supply has stabilised, the increased chip content in EVs and the drive to reduce charging time is spurring capacity expansions," he added, reports Yonhap news agency. SEMI said fab capacity for automotive and power <keyword id="145965" type="General" weightage="20" keywordseo="semiconductors" source="Orion">semiconductors</keyword> was likely to grow 34 percent by 2026, followed by microprocessor and microcontroller units at 21 percent and micro-electromechanical systems at 16 percent. Semiconductor manufacturers, like <keyword id="18943432" type="General" weightage="20" keywordseo="bosch-fuji-electric" source="Orion">Bosch, Fuji Electric</keyword>, <keyword id="176195" type="General" weightage="20" keywordseo="infineon" source="Orion">Infineon</keyword> and <keyword id="6427662" type="General" weightage="50" keywordseo="mitsubishi" source="Orion">Mitsubishi</keyword>, are all ramping up their 200mm capacity projects to meet future demand, SEMI said. 200mm wafers, also known as 8-inch wafers, were once seen as outdated compared to bigger wafers like 300mm. But the 200mm market rebounded in 2020, as demand surged for analog, display drivers and power management ICs chips, which are produced in 200mm fabs.

200mm fab capacity to reach record high due to automobile chip boom

<ul><li>Toyota saw its sales surge by 19% while Kia India saw its sales volumes fall by 19% in June. </li><li>Maruti’s small and company car sales saw a massive slump even as SUV sales grew 2X. </li><li>Two wheeler companies saw slow sales due to slump in exports. </li></ul>Indian auto stocks are trading in the red on early Monday, as auto sales data released during the weekend failed to enthuse the markets. At the time of publishing this copy, the Nifty Auto index is trading flat while the benchmarks – Nifty50 and BSE Sensex – are half a percent in the green. India’s largest automaker Maruti Suzuki has delivered an 8% increase in sales for the month of June, as compared to last year, thanks to the improved performance of its SUV range like Brezza, Grand Vitara and Ertiga – which surged two-fold. Even as sales of its mini cars – Alto and S-Presso fell marginally, compact car sales like Swift, Celerio, and Baleno slumped by 17%. However, its overall sales are lower than Jefferies’ expectations of 1.68 lakh units in June. As per Anand Rathi, the company management expects 5-7% industry volume growth in FY24, and Maruti Suzuki volume growth in double digits. The stock fell around 0.8% in early trade. Tata Motors posted a flat sales of 1% growth in domestic sales in June. Jefferies predicted that Tata Motors will see a 4-5% YoY decline mainly led by lower LCV volumes. Commercial vehicle sales fell by 15%, even as passenger sales went up by 8%. However, Girish Wagh, executive director of Tata Motors says that they showed a month-on-month improvement. “For the month of June 2023, they were 20.2% higher than the vehicle sales registered in May 2023. Looking ahead, the promising monsoon and continuing infrastructure thrust by the government augers well for the CV industry, even as it faces the headwinds of high interest rates, fuel prices and inflation,” said Wagh. The stock too has been trading flat as it fell by 0.2% in early Monday trade. Mahindra &amp; Mahindra’s stock was trading higher by 1.6% as it presented a strong 21% growth in overall auto sales. The BSE auto index is trading down by 0.6% as of 11:44 am, with most stocks in the red. 2W sales suffer on tepid exports Bajaj Auto sales fell by 2% overall, but the fall is lower than expected as Jefferies predicted it to fall to 3.3 lakh on account of lower exports. However, the automaker withstood it to 3.40 lakh. In spite of it, the stock fell by 1.1%. TVS Motors’ sales grew 4% but the growth was lower than analyst expectations – leading to a 0.7% fall in the stock. Hero Motocorp stock also fell by over 1.7% after it reported a 9.8% fall in sales. The company however hopes sales will pick up in the coming months. “The onset of monsoon in most parts of the country and overall economic indicators bode well for a growth in demand, and industry volumes are expected to pick up leading into the upcoming festive season,” the company said in a press release. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">June 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">June 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Maruti Suzuki </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,33,027 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,22,685 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Toyota </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">19,608 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">16,512 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">19% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hyundai </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">50,001 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">49,001 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kia </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">19,391 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">24,024 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-19% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors* </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">80,383 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">79,606 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mahindra &amp; Mahindra </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">32,588 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">26,880 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Honda </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5,080 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7,834 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-35% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">M G Motor </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5,125 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4,504 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">14% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">304,401 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">293,715 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero MotoCorp </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.3 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.8 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-9.8% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Auto </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.40 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.47 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2% </td></tr></tbody></table>Source: PTI &amp; other reports *Domestic sales taken into account for Tata Motors International players present a mixed bag The best surprise however came from Toyota whose volumes grew by a strong 19%. "Ever since the launch of Urban Cruiser Hyryder and Innova Hycross, we are witnessing continued high acceptance by our customers," said Atul Sood, VP- sales and strategic marketing of Toyota Kirloskar Motors. Kia India saw its volumes fall by 19%, but the company hopes that the launch of its new Seltos will give back its leadership position in the mid-SUV section. Honda sales however continue to slip as they slumped by a massive 35%. (With inputs from PTI)

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