While improvements in mileage and battery capacity have been made and are ongoing, issues of high price points and availability of charging infrastructure are also being addressed
Here are five stocks from the auto sector that look bullish on the charts.
Maruti and Hero strengthen pole position in pandemic-hit market
Customers can select the tenure of their subscription from a minimum period of 18 months, 24 and 36 months
While operational gains will continue, firm may not turn profitable this year
As per the provisions of the Companies Act, 2013 the excess remuneration is subject to approval of the shareholders which the company proposes to obtain in the forthcoming AGM, the company said
Tata Motors reported a consolidated net loss of Rs 8,438 crore against Rs 3,698 crore in the corresponding quarter of last year.
Analysts expect the company to turn profitable only in Q4FY21
Firm does not issue guidance stating that it does not see demand coming back in a hurry
"The Covid-19 pandemic deeply impacted the auto industry in Q1 FY21," said Guenter Butschek, CEO and Managing Director of Tata Motors
In Q1FY21, Tata Motors' stock rose 44.2 per cent as compared to S&P BSE Sensex's 18.48 per cent gain in the same period
He takes over from Ralf Speth at a time when auto demand remains under pressure and JLR continues to battle multiple headwinds
Former Renault executive Bollore, who replaces Ralf Speth at JLR's helm, will assume office effective Sept 10
Tata Motors' stock has provided breakdown from a head and shoulder pattern on the daily chart
Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in Q1FY21 were at 11,598 units, lower by 89 per cent over Q1FY20
The automaker said it is also offering affordable, step-up EMIs on long-tenure loans of up to eight years through its association with multiple financing partners
The job cuts comprise just under 40% of the entire DHL workforce on the contract
Leading business houses report pre-tax loss of Rs 19,342 crore in Q4
Medium and Heavy Commercial Vehicles volumes dropped nearly 92 per cent YoY during the first quarter of Financial Year 2020-21 and Light Commercial Vehicles volumes plunged 87 per cent.
The company had sold 1,37,545 units in the April-June quarter of 2019-20