Stock up 3.5%

M&M: (TRACTOR) SEPTEMBER TOTAL SALES 52100 UNITS VS 66111 UNITS (YOY); EST 52,100

ESCORTS KUBOTA: SEPTEMBER TOTAL SALES 15,214 UNITS VS 18,267 UNITS (YOY)

𝗠𝗔𝗛𝗜𝗡𝗗𝗥𝗔 & 𝗠𝗔𝗛𝗜𝗡𝗗𝗥𝗔: 𝗦𝗘𝗣𝗧𝗘𝗠𝗕𝗘𝗥 𝗦𝗔𝗟𝗘𝗦

• Total auto sales: 1,14,874 units, up 15% YoY.

• SUV sales: 64,092 units, up 14% YoY.

• Domestic commercial vehicle sales: 30,420 units, up 14% YoY.

• Tractor sales: 52,100 units, down 21% YoY; domestic sales down 23%.

• Tractor exports: 1,892 units, up 62% YoY.

• Trucks & Buses sales: 2,912 units, up 53% YoY.

• Cargo vehicles: 2,043 units, up 84% YoY.

• Passenger vehicles (Trucks & Buses): 869 units, up 10% YoY.

SEPC LIMITED: HIGH COURT OF MADRAS PASSES COMMON ORDER FOR SETTLEMENT OF DISPUTES; TOTAL CONSIDERATION OF ₹149.5 CRORES; ALL EXECUTION PETITIONS TERMINATED AND ATTACHMENTS LIFTED.

HDFC BANK BOARD RESIGNATION TO FOLLOW APPOINTMENT OF NEW CEO & MD

Board of HDFC Bank to see major recast in 1-year

At least 5 out of 12 board members to be replaced after end of tenure within a year

Sashidhar Jagdishan to exit bank board in October

VS Rangan, Renu Sud Karnad to step down from the board after end of tenure within a year

Sandeep Parekh, M D Ranganath tenure ends in January 2027

HDFC Bank to onboard one new whole time director after new CEO appointment

Rajiv Kumar joined board as Chairman in June 2026

HDFC Bank didn't respond to queries sent by ET Now

PNB says Revenue Angle On MDR - Not Major % Contribution For PNB

CANARA BANK says However Kisan Credit Will Not Have Any Effect On The NPAs

STEEL STRIPS WHEELS: FORWARD PIPELINE - A STEADY DOMESTIC OEM ORDER BOOK AND EARLY FESTIVE DEMAND SUPPORT STABLE MOMENTUM INTO THE NEXT QUARTER

HYUNDAI MOTOR INDIA: SEPTEMBER TOTAL SALES 77916 UNITS VS 70,340 UNITS (YOY); EST 75,050

AtherEnergy: Sep Registration At 30,253 Units As Per VAHAN Vs Nomura Est Of 30,000 Units

🛵Sep Registration Up 56% YoY At 30,253 Units As Per VAHAN Vs 19,400 Units

INDIA MONTHLY ECON REPORT: NET FDI INFLOWS EXPECTED TO IMPROVE THIS FINANCIAL YEAR FROM LAST YEAR

V. Anantha Nageswaran Chief Economic Advisor

Indian households savingd has changed faster that we expected

Retirement needs to be funded by savings, pension

Average savings have risen to 15%

Share of bank deposits has fallen

Indian saver has shown willingness to accept market risks

INDIA MONTHLY ECON REPORT:

NET FDI INFLOWS EXPECTED TO IMPROVE THIS FINANCIAL YEAR FROM LAST YEAR

SEPTEMBER ECONOMIC REVIEW

Economy enters 2Q FY27 with a position of strength

Domestic price pressures have intensified

Domestic price pressures have intensified

India faces a stiff challenge to attract capital flows

SEPTEMBER PMI DATA

HSBC India Sept Manufacturing PMI At 55.1

HSBC India Sept Mfg PMI At 55.1 Vs 52.8 MoM

𝗩.𝗦.𝗧 𝗧𝗜𝗟𝗟𝗘𝗥𝗦 & 𝗧𝗥𝗔𝗖𝗧𝗢𝗥𝗦: 𝗦𝗘𝗣𝗧𝗘𝗠𝗕𝗘𝗥 𝗦𝗔𝗟𝗘𝗦

• Total sales: 5,954 units, up 32.8% YoY.

• Power Tillers: 4,520, up 50.6%.

• Tractors: 430, down 10.0%.

• Power Weeders: 1,004, up 0.3%.

• April–September total sales: 35,660 units, up 10.1% YoY.

𝗩.𝗦.𝗧 𝗧𝗜𝗟𝗟𝗘𝗥𝗦 & 𝗧𝗥𝗔𝗖𝗧𝗢𝗥𝗦: 𝗦𝗘𝗣𝗧𝗘𝗠𝗕𝗘𝗥 𝟮𝟬𝟮𝟲 𝗦𝗔𝗟𝗘𝗦

𝗦𝗘𝗣𝗧𝗘𝗠𝗕𝗘𝗥 𝗦𝗔𝗟𝗘𝗦

• Power Tillers: 4,520 units vs 3,002 → +50.6% YoY

• Tractors: 430 units vs 478 → -10.0% YoY

• Power Weeders: 1,004 units vs 1,001 → +0.3% YoY

• Total Sales: 5,954 units vs 4,481 → +32.9% YoY

𝗔𝗣𝗥𝗜𝗟–𝗦𝗘𝗣𝗧𝗘𝗠𝗕𝗘𝗥 𝗦𝗔𝗟𝗘𝗦

• Power Tillers: 27,158 units vs 24,829 → +9.4% YoY

• Tractors: 2,426 units vs 2,576 → -5.8% YoY

• Power Weeders: 6,076 units vs 4,970 → +22.3% YoY

• Total Sales: 35,660 units vs 32,375 → +10.1% YoY

𝗦𝗘𝗣𝗧𝗘𝗠𝗕𝗘𝗥 𝗧𝗢𝗧𝗔𝗟
5,954 units | +32.9% YoY