Under the package, features such as affordable EMIs with long-tenure loans and special offers for frontline warriors will be offered
SIAM, an industry trade body, says that if the economy contracts by 2% in the year starting April 1, sales of cars, trucks and motorbikes could decline.
Jaguar Land Rover, a marquee entity of the Tata group, has been majorly hit by the freeze
The $3.7 billion Indian auto firm faces a significant increase in debt due to the crisis, and its plan to deleverage may be delayed by four to six quarters, CLSA said.
According to data from Bloomberg, banks have seen among the sharpest cuts in target prices -- between 16 and 60 per cent.
For HCL Technologies, Keep a stop at 512 and go long. Add to the position between 528-530. Book profits at 532
The Nifty Auto index fell 7.33 per cent as compared to 5.1 per cent decline in the Nifty50 index
This will make it tough for many of them to service their fixed costs, such salary and wages, as well as interest on their loan.
Ashok Leyland and Hero MotoCorp surged over 10 per cent each
An already battered set of companies are battling the pandemic through a burst of activity online, hoping to keep their brands on the road after the lock down
Piramal Enterprises's (PEL's) Rs 3,000 crore fundraising is through debentures.
Supply chain glitches and unavailability of labour also a deterrent
Hyundai, Renault extend suspension of production; Maruti, Tata yet to take a call
According to the data collated by Edelweiss, Reliance Industries was on top of mutual funds' buying list
Carmakers are rushing to make EVs, but not Maruti; it believes these won't make sense till battery technology, charging infra and financing improve in India
Lockdown has brought lives of a large section to a standstill, with shops shut and people hesitant to go out
The ratings agency further said it views positively the management's focus on conserving cash amid the changes in operating conditions
The step has been taken due to the 21-day pan-India lockdown imposed by the central government from Wednesday
The move is aimed at securing "mutually beneficial strategic alliances" that provide access to products, architectures, power trains, new-age technologies, and capital
According to a study Brookings Institution, by May 15, India will need 110,000 to 220,000 ventilators while it currently has 17,850 to 25,556 units