The company, which is among the leading manufacturers of medium and heavy commercial vehicles in India, sold 3067 units in the light commercial vehicles segment, up 14% compared to sales in the month of April 2016. Sales of medium & heavy commercial vehicles increased 29% to 10,567 units in August 2017 over August 2016.

Eicher Motors reports 22% increase in sales

Eicher Motors rallied to Rs 31,976.95 today, riding on strong sales data. Despite paring some gains subsequently, the stock is still holding firm in positive territory at Rs 31,823, up 1.4% from its previous closing price.

The company, a leading player in the automotive space, owns the Royal Enfield motorcycles business. It designs, manufactures and markets trucks and buses through VE Commercial Vehicles, its joint venture with the Volvo Group. The company's joint venture with Polais Industries, the U.S.- based firm, manufactures Multix, a 3-in-1 vehicle.

Eicher Motors said its total motorcycles sales were up 22% at 67,977 units in the month of August 2017, over the same month last year. Total exports grew by 12% to 1105 units in the month, the company announced.

The stock, among the costiliest (in rupee terms) in the Indian market,outperformed the market in past one quarter, rising 7.62% as against Sensex's 1.46% rise. In the past one year, the stock gained nearly 38%, more than thrice the returns (11.7%), given by the Sensex.

Maruti Suzuki gains on on near 24% jump in total sales

Maruti Suzuki is up 1.6% at Rs 7823, after advancing to a high of Rs 7835 earlier in the session. The carmaker reported total sales of 1.63 lakh units for the month of August 2017, up 23.8% over sales in the same month last year.

Maruti Suzuki's domestic sales increased 26.7% at 1.52 lakh units in August 2017 over August 2016, while exports declinedl 4.7% to 11,701 units in the month.

Bajaj Auto up sharply on strong volumes

Bajaj Auto has announced that it sold 1,71,664 motorcycles in the month of August 2017, down 2% compared to sales of 1,74,719 units in the same month last year. Exports were up 7% at 1,12,197 units in August 2017, compared to exports in the same month in 2016.

In the commercial vehicles segment, Bajaj Auto's sales increased 13% in the month of August 2017, over the same month last year. Exports were up 12%.

So far in the current financial year, Bajaj Auto's motorcycles sales declined 15%, compared to the same period last financial year. Exports increased 4%. In the commercial vehicles segment, domestic sales are down 17%, while exports increased 18%. The Bajaj Auto stock is up nearly 4% at Rs 2916.

On BSE, more than 32,000 shares have changed hands so far at the Bajaj Auto counter today, as compared to average daily volume of around 8500 shares.

M&M a bit subdued despite reporting higher sales

Mahindra & Mahindra (up marginally at Rs 1350) has reported a 6% increase in passenger vehicles sales in August 2017. Commercial vehicles sales increased 17% in the month, compared to August 2016.

Mahindra & Mahindra's domestic sales stood at 39,534 units in August 2017, as against 36,944 vehicles in August 2016. Medium & Heavy commercial vehicles sales increased 45% in the month, the company said.

Hero Motocorp and TVS Motor are trading higher by 1.3% and 0.7%, respectively.