Hyundai Motor India (NSE:HYUNDAI; BOM:544274) recorded a 4.1% increase in total sales in May to 61,137 units, according to a Monday filing to the Indian stock exchanges.
The total sales included domestic sales of 47,837 units and exports of 13,300 units, the filing said.
Shares of the company were down nearly 1% in recent trade.
Hong Kong stocks closed higher Monday as investors shrugged off news of renewed tensions in the Middle East that dimmed hopes for the swift reopening of the vital Strait of Hormuz.The Hang Seng Index rose by around 215.79 points, or roughly 0.9%, to end at 25,398.18, while the Hang Seng China Enterprises Index increased by 82.05 points, or around 1%, to close at 8,507.87.Both the U.S. and Iran said they struck each other's military sites despite agreeing last week to extend a ceasefire for two months while initiating new negotiations over Tehran's nuclear program, Reuters reported.Meanwhile, Chinese mainland investors became net sellers of Hong Kong stocks in May after selling around HK$3.6 billion of equities during the month, Bloomberg reported.The outflows represent the first time that mainland investors sold more Hong Kong stocks than they purchased since June 2023, the report said.In corporate news, MiniMax (HKG:0100) is exploring a proposed listing on the Shanghai bourse's STAR Market.The artificial intelligence firm's shares were down nearly 16% at close.
Nio (HKG:9866, SGX:NIO) delivered 37,705 vehicles in May, up 62% from a year earlier, according to a Monday press release.The deliveries comprised 20,013 NIO-branded premium smart electric vehicles, 12,029 vehicles under the ONVO brand and 5,663 vehicles under the FIREFLY brand.For the first five months, deliveries rose 69% to 150,526 units.Hong Kong-listed shares of the new-energy vehicle maker were up over 7% in Monday afternoon trade.
Automobile manufacturer SML Mahindra's (NSE:SMLMAH, BOM:505192) total sales rose 15% to 1,767 units in May from 1,543 units sold a year ago, according to a Monday filing to the Indian stock exchanges.Passenger vehicle sales jumped 26% year on year in the reported month to 1,423 units, while cargo vehicle sales fell 17% to 344 units.The company's shares were down over 2% in recent trade.