At the operational level, Nomura sees margin benefit for companies in the backdrop of a cut in steel prices
Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.
Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.
Executive chairman of Ashok Leyland says commercial vehicles sector will revive and steel prices will soften in some three months.
Though growth was seen across segments, big sales push came from small CVs used for last-mile delivery as demand from e-commerce firms remained strong
The phygital platform, as part of the partnership, will facilitate exchange and proper disposal and purchase of old commercial vehicles
The company's raw material costs in Q3 rose to 77.9 per cent of sales, up 120 bps quarter-on-quarter
The Nifty Auto index has broken key support levels, and looks weak on the weekly charts indicating a downside of 5 per cent.
Insurance related stocks could see some action as the India Protection Quotient (IPQ) survey 4, stated that term insurance ownership has gone up from 36 per cent to 43 per cent in the last two years.
The company said it is in talks with investors for both Switch and e-mobility as a service. Last July, US-based drivetrain-maker Dana had bought 1% stake in Switch for $18 mn
The firm has posted a loss of Rs 19 crore during October to December period of the previous financial year
The share of commercial vehicle has constantly increased and is currently at 10 percent of the industry
Aidrivers will provide AI-enabled autonomous solutions while Ashok Leyland will provide vehicle platforms; the partners will work to explore target markets and opportunities for cooperation
Price hikes, running costs and supply side pressures are the key concerns
Hinduja group flagship firm plans to use expertise in commercial vehicles to streamline market it is taking up.
The company said that the new product offers operational flexibility to customers to choose the option based on their load, offering best-in-class total cost of operation benefits.
Hinduja flagship firm Ashok Leyland on Wednesday reported a 2% decline in total commercial vehicle sales to 10,480 units in November.
Dheeraj Hinduja, to assist in business continuity and ensure a seamless transition