Maruti Suzuki India will invest Rs 10,189 crore to set up the first phase of its Khoraj plant in Gujarat, with a capacity of 250,000 units per annum by 2029
If the current geopolitical situation persists that results in supply chain disruptions and firm commodity prices, CLSA expects 30-40 per cent cuts to auto sector's FY27 earnings.
Among Nifty Auto constituents, Samvardhana Motherson International, Bharat Forge, and Ashok Leyland slipped over 4 per cent each
The Nifty Auto Index has corrected approximately 10 per cent year-to-date (Y-T-D), compared to Nifty's 9 per cent decline
Maruti Suzuki India (MSI) on Tuesday said it has received a draft assessment order worth Rs 5,786.4 crore from the income tax authority and the company will challenge the order. "The company has received a Draft Assessment Order for FY 2022 23 wherein certain additions / disallowances amounting to Rs 57,864 million with respect to returned income has been proposed," the carmaker said in a BSE filing. MSI will file its objections before the dispute resolution panel, it stated. There is no impact on financial, operation or other activities of the company due to this order, it added. Maruti Suzuki shares settled at Rs 12,993.55 apiece, up 1.88 per cent on BSE.
Rising input costs, export risks to the Middle East and fears of gas supply disruptions weigh on Indian auto stocks amid the escalating Iran conflict
Among others, Bharat Forge, TVS Motor, and Tata Motors Passenger Vehicles slipped over 3 per cent
Overall, MOFSL expects Maruti Suzuki India to post a 16 per cent earnings CAGR over FY25-FY28E, and has set a target price of ₹17,406 per share
Auto stock: Individually, among others, Hero MotoCorp, TVS Motor Company, Samvardhana Motherson International, Sona BLW Precision Forgings, Uno Minda, and Ashok Leyland climbed over 3 per cent
Market crash Today: India VIX, the fear gauge index, spiked more than 21 per cent to go past 24, indicating heightened nervousness among traders and investors
Any impact on the oil infrastructure in case of a prolonged war could see the Nifty drop to 23,500 - 23,700 levels," says U R Bhat, co-founder & director of Alphaniti Fintech.
Nexa Studios, now 200 of over 740 Nexa outlets, are expected to contribute 25-30% of Nexa sales by FY31 as Maruti Suzuki expands the compact format and manages strong early demand
Maruti Suzuki India on Friday said it has partnered with the Tamil Nadu government to commission seven automated driving test tracks in the state. The initiative is part of the Memorandum of Agreement signed between Maruti Suzuki and the Transport Department, Government of Tamil Nadu, to automate a total of ten driving test tracks across the state. The company said with the latest addition, it has automated all ten automated driving test tracks (ADTTs) in the state. "Equipped with high-definition cameras and advanced analytics, these ADTTs enable a comprehensive, efficient, and transparent assessment process. It eliminates any human bias and ensures that only skilled drivers are awarded a license," Maruti Suzuki India Senior Executive Officer Corporate Affairs Rahul Bharti said in a statement. According to data shared by the Ministry of Road Transport & Highways, India witnessed 1.77 lakh road accident deaths in 2024, he noted. Promoting disciplined driving practices and ensuring
Brokerages expect strong Feb 2026 auto sales across PVs, 2Ws, CVs and tractors. Find out what Nomura and MOFSL expect from growth estimates and top stock picks
At 10:51 AM; the BSE Auto index was the top gainer among sectoral indices, up 2 per cent, as compared to 0.07 per cent rise in the BSE Sensex.
India's auto sector starts 2026 with strong demand across PVs, 2Ws, CVs and tractors. MOFSL prefers TVS Motor and Maruti Suzuki.
Maruti Suzuki India on Friday said it has inked a pact with Andhra Pradesh government for the setting up and maintenance of four automated driving test tracks across the state. The tracks will be set up at four Regional Transport Office (RTO) locations in the state, namely Eluru, Ongole, Vizianagaram, and Anakapalli. Under the MoA, the car major will automate and maintain these driving test tracks for a period of three years from the date of commissioning. "Aligned with his vision for technology-led solutions, we are honoured to bring 4 Automated Driving Test Tracks (ADTTs) to the state of Andhra Pradesh,"Maruti Suzuki India MD and CEO Hisashi Takeuchi said in a statement. ADTTs use advanced technology that ensure a comprehensive, efficient, and transparent process with zero human intervention, he added. This guarantees that only skilled drivers are awarded a driving license, thereby improving overall road safety, Takeuchi noted. "The automation of driving test tracks is expected
According to MOFSL, the demand for vehicles has picked up across segments, buoyed by GST rationalisation, and remains strong even post the festive season
Maruti Suzuki India on Monday reported a 12 per cent year-on-year increase in total sales at 2,36,963 units in January. The auto major dispatched a total of 2,12,251 units in the same month last year. Total domestic passenger vehicle dispatches to dealers were at 1,74,529 units compared to 1,73,599 units in the year-ago month, a marginal increase, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars, comprising Alto and S-Presso, rose to 14,268 units against 14,247 units in January 2025. Sales of compact cars, including Baleno, Dzire, Ignis, and Swift declined to 72,738 units from 82,241 units in the year-ago month. Utility vehicles, consisting of Grand Vitara, Brezza, Ertiga and XL6, clocked sales of 75,609 units last month over 65,093 units a year ago. Sales of van Eeco were at 11,914 units last month against 11,250 units in January 2025, while that of light commercial vehicle Super Carry stood at 3,771 units over 4,089 units earlier. MSI said its export
Budget 2026 impact: The Sensex and the Nifty crashed over 3 per cent each from the respective day's high after FM proposed to hike STT on F&O trading. RIL and SBI were the major laggards.