Auto Sector

Auto stocks buck downbeat market trend in May; charts suggest further gains

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.

Minda Industries rallies 9% post Q4 results and 1:1 bonus issue

The management believes that the auto industry is at the cusp of revival, with favorable governmental policies and more new product launches planned by OEMs for the coming year.

Likely reduction in steel prices to offer relief to auto, consumer durables

The impact will be seen with a lag and will help only partially

Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%

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.

Stellantis sees India as profitable auto mkt amid China, Russia challenges

Stellantis expects revenues in India to more than double by 2030 and operating profit margins to be in double-digits within the next couple of years.

WEF 2022: What electric car supplies' shortage mean for net-zero targets

Current supply issues have been brought on in part by Covid-19 affecting global supply chains and a shortage of semiconductors

Auto retail sales grow 37% in April on low Covid-hit base effect

Total sales across categories rose to 16,27,975 units in April, as compared to 11,87,771 units in the year-ago period.

Marelli Holdings pushes back decision on sponsor after talks stall

The company, a key supplier for automakers Nissan Motor Co. and Stellantis NV, is now seeking to select a sponsor and finalize a plan next month

The right push

Draft policy will increase EV adoption

Early EV adoption, lowering prices and enhancing safety on govt's agenda

NITI rolls out draft battery-swapping policy

Auto, taxi unions on strike in Delhi to demand CNG subsidy, fare hike

Various auto-rickshaw, cab and taxi unions in the national capital went on a strike on Monday, demanding a CNG subsidy and a fare revision in the wake of rising fuel prices.

Passenger vehicle exports from India rise 43% in FY22; Maruti Suzuki leads

Passenger vehicle exports from India increased 43 per cent in FY22, with Maruti Suzuki India leading the segment with dispatches of over 2.3 lakh units, as per the latest data by industry body SIAM.

Rising input costs, supply chain woes headwinds: MG Motor India prez

Increase in raw material costs and semiconductor prices, coupled with supply chain disruptions could become headwinds for the auto industry, says MG Motor India President Rajeev Chaba

Kia India launches new versions of Seltos, Sonet: Check details here

The refreshed Kia Seltos has been updated with 13 new enhancements, while the Sonet has been updated with 9 additional features

Supply chain worries for auto sector to continue even as demand improves

Industry fears Russia-Ukraine war will further dent recovery prospects as supply chains will be disrupted further

Mahindra & Mahindra total sales up 35% in March to 54,643 units

Mahindra & Mahindra (M&M) on Friday said its total sales increased by 35 per cent to 54,643 units in March as compared with the year-ago period. The Mumbai-based auto major had dispatched 40,403 units in March 2021. The company sold 27,603 passenger vehicles last month in the domestic market as compared with 16,700 units in March 2021. It sold 23,880 commercial vehicles in the domestic market last month as against 21,577 units in the year-ago period. "We continued our growth trajectory in March 2022 with overall sales of 54,643 vehicles, a growth of 35 per cent. Demand continues to be strong, even as we remain watchful of the global supply chain and take appropriate action, as required," M&M CEO (Automotive Division) Veejay Nakra said in a statement. The company's exports last month stood at 3,160 units, up by 49 per cent from 2,126 units in March 2021.

I-T department detects Rs 1K-cr 'bogus' expenses at Hero MotoCorp

The findings are learnt to be part of the tax department's initial probe into a possible tax evasion by the two-wheeler giant

Affordability, access to seamless finance aiding sale of used cars: CARS24

First edition of the 'Future of Mobility 2022' report expects the segment to grow further all across the country.

Russia-Ukraine war: High input costs forcing automakers to walk a tightrope

The second of the five-part series looks at automakers' concern over any further price hike that may dent demand in segments like two-wheelers

'Auto sector ripe for cyclical recovery', says Vinit Sambre

The Indian equity market holds a promising outlook for the future on the back of economic recovery post Covid-19 and superior corporate earnings growth: Sambre