The latest automotive sales data reveals a significant downturn, signalling potential shifts in consumer sentiment, manufacturing strategies, and economic indicators. Investors should pay close attention to this trend, as it could herald broader market transformations and provide critical insights into emerging industry dynamics.

Here is a list of stocks whose November sales data fell short of expectations:

1. Hyundai Motor India  

Founded in 1967 and headquartered in Seoul, South Korea, Hyundai Motor Company is a leading automotive manufacturer. Led by Chairman and CEO Euisun Chung, it employs around 75,000 people worldwide. Hyundai’s production capacity reaches approximately 4.87 million units annually, offering popular models like the Avante, Sonata, Santa Fe, and Tucson.

Operating in over 190 countries with about 5,000 dealerships, Hyundai has a global presence. Recent developments emphasise electric vehicles, hydrogen fuel cells, and advanced automotive technologies, coupled with enhancements in design and engineering via global research centers. These innovations aim to position Hyundai as a pioneer in sustainable and cutting-edge mobility solutions.  

Hyundai Motor India Ltd (HMIL), a prominent player in the market, experienced a slight 2% drop in domestic sales, reaching 48,246 units in November 2024, compared to 49,451 units in the same month last year. The overall sales, including exports, totalled 61,252 units.

With a market capitalisation of Rs. 1,52,956 crores, Hyundai Motor Limited’s share price is at Rs. 1,882 per equity share, down 1.75%.

2. Hero MotoCorp 

Hero MotoCorp Ltd., founded in 1984, is a leading two-wheeler manufacturer headquartered in New Delhi, India. Chairman Pawan Munjal oversees the company, which employs over 8,000 people and produces over 7 million units annually. Popular models like the Hero Splendour and Passion have cemented Hero MotoCorp’s reputation for reliability.

Operating in over 40 countries, the company is increasingly focusing on electric mobility, investing in R&D to develop sustainable technologies and launch electric scooters to meet future market demands.  

Hero MotoCorp reported a 7.6% decline in domestic sales for November 2024, with 4,39,777 units sold compared to 4,76,286 units in the same period last year. Motorcycle sales totalled 4,25,856 units, while scooter sales reached 33,949 units, both reflecting a drop in performance.

With a market capitalisation of Rs. 94,939 crores, Hero MotoCorp Limited’s share price is at Rs. 4,747 per equity share, down 0.31 percent. 

3. Escort Kuboat

Escorts Kubota Limited, based in Faridabad, Haryana, excels in agricultural machinery, construction equipment, and railway components. Established in 1944, it has grown through innovation and a strategic partnership with Japan’s Kubota Corporation. Operating in agri-machinery, construction, and railway systems, it supports agriculture and infrastructure development. Committed to sustainability, Escorts Kubota integrates environmental, social, and governance (ESG) principles, blending legacy expertise with modern strategies for sustainable growth and global impact.

Escorts Kubota Limited’s Agri Machinery Division reported its tractor sales for November, recording a total of 8,974 units, a 9.4% drop from 9,906 in November last year. Domestic sales reached 8,730 units, down 8.1% from the 9,503 units sold in the same period. Domestic sales from September to November rose by 9%, with 38,554 units sold compared to 35,387 in the previous year. Export sales saw a significant decline, with only 244 tractors sold in November 2024, a 39.5% drop from 403 units last year.

With a market capitalisation of Rs. 39,340.69 crores, Hero MotoCorp Limited’s share price is at Rs. 3,516.40 per equity share, down 1.06 percent.

Written By Fazal Ul Vahab C H

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.