The ministry has also asked OEMs to make customers more aware of FFVs, as sales have not picked up to the expected level
Rs 1,000-cr IPO opens September 16
The three-day IPO will open on September 16, with the auto parts maker planning to raise ₹600 crore through fresh shares and ₹400 crore through an offer for sale
The auto pack delivered a strong performance in August on a yearly basis, with growth momentum sustaining across segments and players; however, some moderation was visible month-on-month, said Emkay.
OMC stocks representing the state-run Oil Marketing Companies, including BPCL, HPCL, and IOCL, will also remain in focus on Wednesday after Brent crude prices spiked to $96/barrel
Stocks to watch today: IT services major HCLTech said it had collaborated with chemicals and biotechnology company Wacker Chemie to set up its global capability centre (GCC) in Pune.
Hero MotoCorp on Thursday said it would buy additional shares of Ather Energy for up to 17.58 billion rupees ($184.01 million), raising its stake in the electric scooter maker to 32.8%.
Passenger vehicles, two-wheelers and three-wheelers posted double-digit growth in July, while two-wheeler exports rose 27.7 per cent as the auto industry entered the festive season
Hero MotoCorp stock rallied 7% in 2 days after the management said it expects the domestic 2W industry to sustain momentum, and sees double-digit industry growth in FY27.
But near-term margin pressurea major concern, analysts reckon
Strong demand after GST rate cuts is expected to support industry growth in FY27, while Hero ramps up capacity for Vida electric scooters, ICE scooters and Splendor
Two-wheeler maker Hero MotoCorp Ltd has reported a 16.86 per cent decline in consolidated profit after tax to Rs 1,417.93 crore in the first quarter ended June 30 due to high base effect. The company had posted a consolidated net profit of Rs 1,705.65 crore in the corresponding period of previous fiscal. The previous year PAT included a onetime gain of Rs 722 crore on account of dilution of the company's share of investment in associates consequent to public issue and private placement, Hero MotoCorp said in a statement. Consolidated revenue from operations in the first quarter stood at Rs 13,126.35 crore as against Rs 9,727.75 crore in the year-ago period, the company said in a regulatory filing on Thursday. During the quarter, the company sold 16.77 lakh motorcycles and scooters, registering a 23 per cent year-on-year growth over the corresponding quarter of the previous year, Hero MotoCorp said. Total expenses in the quarter under review rose to Rs 11,621.48 crore as compared
Q1FY27 company results: Firms including Britannia Industries, Apollo Tyres, Emcure Pharmaceuticals, Fortis Healthcare, and Lupin are also to release their April-June earnings today
Motilal Oswal's Chandan Taparia recommends Hero MotoCorp, Siemens, and Laurus Labs as technical buy ideas, citing bullish chart patterns, breakout formations, and strong sectoral momentum.
Two-wheeler market leader Hero MotoCorp on Saturday reported an 18.6 per cent rise in total sales at 5,33,416 units in July 2026 as compared to 4,49,755 units in the same month last year. Domestic sales were at 5,01,403 units last month as compared to 4,12,397 units in July 2025, up 21.6 per cent, Hero MotoCorp said in a statement. Motorcycle sales were at 4,68,565 units last month as against 4,00,615 units in July 2025. Scooter sales were also higher at 64,851 units as against 49,140 units in the year-ago month. Exports were down 14.3 per cent at 32,013 units as against 37,358 units in the year-ago month, it added.
Hero, TVS, and Bajaj count on overseas markets while bracing for global uncertainty
Despite geopolitical headwinds, the Indian 2W industry entered FY27 on an optimistic footing, supported by continued strength in retail demand, said Hero MotoCorp.
Analysts said the impact of a weak monsoon would depend more on the distribution of rainfall across key agricultural regions rather than the overall national rainfall figure.
Fada data shows legacy players driving nearly all first-half market growth, while Ather remains the standout among EV-first manufacturers
According to FADA, the share of electric vehicles in overall two-wheeler sales rose to 10.6 per cent, hitting the double-digit mark for the first time.