March was a mixed-bag sales for auto cos

March was a mixed-bag sales for auto cos
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⭐March was a mixed-bag sales forauto cos

Maruti Suzuki’s domestic vehicle sales decreased by 0.6% YoY to 1.3 lakh units in March. The company said the shortage of electronic components impacted production. Meanwhile, Tata Motors’ domestic sales rose 3% YoY to 89,351 units. Company’s management expects demand for passenger vehicles to remain robust in future.

⭐ Adani Ports acquires new port

Adani Ports has completed the acquisition of Puducherry-based Karaikal Port after getting approval from National Company Law Tribunal (NCLT). The company paid ₹1485 crore for the deal. With this acquisition, the company has 14 operational ports in India.

⭐ Godrej Properties buys new land

The real estate developer has acquired a new land parcel in Pune. The company plans to develop a luxury housing project on this land. The project has a development potential of 7.5 lakh square feet with an estimated revenue potential of nearly ₹1,000 crore.
Global markets (at 8:00 AM today)
| Indices | Today's movement |
| --
  • | --
  • |
    | SGX Nifty | **▲**0.10% |
    | Nikkei 225 (Japan) | **▲**0.98% |
    | Hang Seng (Hong Kong) | ▼ 0.33% |
    | SSE Composite (China) | **▲**0.22% |
    | Dow Jones (US) (April 1) | **▲**1.26% |
    | NYSE (US) (April 1) | ▲ 1.15% |
    | Nasdaq (US) (April 1) | ▲ 1.74% |
    | S&P 500 (US) (April 1) | ▲ 1.44% |
Fact of the day
India’s gross GST collection rose by 13% YoY to ₹1.6 lakh crore in March 2023.
Source: ** Economic Times**