Auto Part Makers

The rally was sparked by Phillip Capital's 'Buy' recommendation on Lumax Auto Technologies Ltd, along with a target price of ₹1,860, implying a 36 per cent upside.

While revenue growth remained resilient, weaker margins, demerger-linked costs and stretched valuations have clouded the near-term view for SKF India, analysts said.

Samvardhana Motherson delivered stronger-than-expected operating performance in Q2, prompting brokerages to raise estimates as higher content per vehicle

SJS Enterprises stock rose 4% in Thursday's trade. Analysts believe SJS is set to benefit from premiumization in PVs, 2Ws and appliances with an addressable market set to double to ₹11,900 cr by FY28E

Guruprasad Mudlapur, president of the Bosch group in India and managing director (MD) of Bosch Ltd, talks about the company's strategy and challenges in India

The three stocks have generated higher returns than their peer/broader indices over the last three months with Timken leading the chart with gains of 23.5 per cent

The company also unveiled plans to quadruple its gross revenues over the next five years

The 90-day temporary easing of US tariffs on China has introduced a high level of uncertainty, with the Chinese auto sector weighing the short-term and long-term impact

IPO-bound auto components maker Belrise Industries on Friday announced the acquisition of the Indian arm of Japanese firm H-One Co. The move is aimed at expanding Belrise's design and manufacturing capabilities and strengthen its position as a supplier of chassis systems and body-in-white parts in the Indian automotive market, the company said. Belrise, however, did not disclose the deal size. H-One India, the Indian subsidiary of H-One Co, is involved in the design and manufacturing of high-tensile steel components and high-tensile tool development for two and four-wheelers. High-tensile steel components are crucial for light-weighting, enhancing vehicle safety, fuel efficiency, and overall performance. Through this acquisition, Belrise said it aims to enhance its production capacity and logistical efficiency by leveraging H-One India's two manufacturing facilities in North India and integrating the acquired company's core technological capabilities. H-One India's clientele incl

Sona BLW Precision Forgings, Bharat Forge gets and Motherson Group among Indian companies that earn a major source of their revenue from the US

The Nifty Auto index, which tracks the performance of auto stocks, dropped 1.46 per cent, to hit an intraday low of 21,095 points.

According to analysts at Nuvama, the tractor industry volumes are expected to grow in double digits, with an approximately 16 per cent Y-o-Y increase in the domestic market

Samvardhana Motherson is India's top auto parts maker by market capitalisation and counts carmakers from Maruti Suzuki to Mercedes-Benz among its customers

Automotive components maker Pricol on Monday said it will acquire Sundaram Auto Components' injection moulding business for Rs 215 crore. The company said it is making the acquisition through its wholly-owned subsidiary Pricol Precision Products Pvt Ltd. With this acquisition, Pricol will see a consolidated topline addition of around Rs 730 crore combined with Sundaram Auto Components' (SACL) healthy financial parameters, it said in a statement. The debt-free acquisition is being made through an all-cash deal for an amount of Rs 215.3 crore and is subject to adjustments, if any, as defined in the agreement at the time of closing the deal, it added. SACL is part of the TVS Motor Company. "With this acquisition, our focus will remain on harnessing the combined potential of Pricol and SACL, to become an integrated solution player, driving innovation, and delivering sustainable growth," Pricol Managing Director Vikram Mohan said. TVS Motor Company Group CFO K Gopala Desikan said: "As

Auto components firm Bosch on Tuesday said its consolidated net profit declined 46 per cent on-year to Rs 536 crore in the September 2024 quarter. The company reported a net profit of Rs 1,000 crore in the July-September quarter of last fiscal. Revenue from operations increased to Rs 4,394 crore in the second quarter as compared with Rs 4,130 crore in the year-ago period, Bosch Ltd said in a regulatory filing. "Despite unpredictable rainfall and several macroeconomic factors affecting the automotive industry's overall performance this quarter, we showcased our capacity to adapt to changing market demands and provide high-quality solutions that align with our customers' needs," Bosch Ltd Managing Director Guruprasad Mudlapur said. The company anticipates sustained demand across segments driven by the festive period in the next quarter, he added. Coupled with investments in advanced technologies and a strong commitment to localisation, the company will continue to deepen its efforts

Indian automakers reported a decline in shipments to dealers for the first time in more than two years during the July-September quarter, to help manage the excess inventory

He asked to target $100 billion worth of automobile components' exports by 2030

The initial public offer of auto parts manufacturer Kross Ltd received 88 per cent subscription on the first day of bidding on Monday. The initial share sale received bids for 1,34,95,044 shares against 1,53,50,877 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 1.50 times subscription while the portion for non-institutional investors got subscribed 61 per cent. Kross Ltd on Friday said it has mobilised Rs 150 crore from anchor investors. The Jamshedpur-based company's IPO is a combination of a fresh issue of equity shares worth Rs 250 crore and an Offer for Sale (OFS) aggregating up to Rs 250 crore by the promoters. The OFS portion consists of equity shares to the tune of up to Rs 168 crore by Sudhir Rai and Rs 82 crore by Anita Rai. The issue, with a price band of Rs 228-240 per share, will conclude on September 11. Kross proposes to utilise the net proceeds of the fresh issue for the purchase of machinery and equipment, pay

Auto parts manufacturer Kross Ltd is set to float its Rs 500-crore initial share sale on September 9 for public subscription. The three-day Initial Public Offering (IPO) will conclude on September 11 and the bidding for anchor investors will open for a day on September 6, according to the Red Herring Prospectus (RHP). Jamshedpur-based company's IPO is a combination of a fresh issue of equity shares worth Rs 250 crore and an Offer for Sale (OFS) aggregating up to Rs 250 crore by the promoters. Kross proposes to utilise the net proceeds of the fresh issue for the purchase of machinery and equipment, payment of debt, and funding the working capital requirements of the company. Besides, a portion will be used for general corporate purposes. Founded in 1991, Kross is a diversified player focused on manufacturing and supply of trailer axle and suspension assembly and a wide range of forged and precision machined high-performance safety critical parts for medium and heavy commercial vehic

The company aims to produce 1 million e-axles per year by 2030 to accelerate India's transition to green mobility