Ahead of the opening of the much-awaited Hyundai Motor India IPO, Samir Arora of Helios Capital has shared his outlook on the auto industry. Here's what the market expert thinks
Maruti Suzuki reported a nearly 3.9 per cent decline in sales for August 2024, with 181,782 units sold compared to 189,082 units in August 2023
Toyota Kirloskar Motor on Sunday reported a 35 per cent growth year-on-year in total wholesales at 30,879 units in August. The automaker had reported a dispatch of 22,910 units in both domestic and exports in the same month last year. "As we approach the festive season, demand for our products remains buoyant, and we are already witnessing increased consumer interest and higher footfall across all our dealerships," Toyota Kirloskar Motor Vice-President, Sales-Service-Used Car Business, Sabari Manohar, said in a statement. SUVs and MPVs continue to significantly contribute to the company's sales numbers, reflecting a growing preference for these segment vehicles, he added. Interestingly, this trend is not limited to major urban centres but extends to tier-2 and tier-3 markets as well, demonstrating widespread customer acceptance for TKM offerings, Manohar said. As a response to the market needs, the automaker reopened the bookings in August for the Innova Hycross ZX & ZX (O) ...
L&T Finance on Wednesday said it is expecting a decent uptick in automobile demand during the festive season on the back of good monsoon and is hopeful of a reasonable improvement in the microfinance segment in the second half of the current fiscal. "Of late, there are reports that the auto industry is seeing some slowdown, but I am very hopeful that on the back of good monsoon that we see, I think during the festive period, we will see a decent uptick both in terms of two-wheelers as well as four-wheelers," L&T finance Managing Director and Chief Executive Officer Sudipta Roy told PTI. Speaking on the sideline of the three-day Global Fintech Festival, Roy said in terms of loan disbursements, overall, the two-wheeler segment is doing very well, adding that, "post Diwali, the demand has been relatively robust. We have been seeing ... our disbursements going somewhere between 15-20 depending upon the region." Stating that the microfinance industry is currently going through a ...
The world's No. 3 automaker by sales, along with affiliate Kia Corp, announced its mid- to long-term goals and strategy at its CEO Investor Day
Within the 2W segment, analysts believe, mass-market original equipment manufacturers (OEMs) such as Honda, Hero Moto Corp, Bajaj Auto, and TVS are anticipated to perform well.
India's NSE Nifty Auto Index is down 4.1 per cent in August, more than double the decline in the Nifty 50 Index
The electric vehicle (EV) revenue accounted for 33% of total revenue. The company's order book expanded to Rs 23,300 crore in Q1FY25, from Rs 22,600 crore in Q4FY24.
Automobile exports from India rose 15.5 per cent year-on-year in the June quarter with all verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM data. Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compared with 10,32,449 units in the same period of the last fiscal. Passenger vehicle exports stood at 1,80,483 units in the first quarter, registering a jump of 19 per cent over 1,52,156 units in the same period last year. Maruti Suzuki India led the space with shipments of 69,962 units in the period under review. It exported 62,857 units in the first quarter of the 2023-24 fiscal. Hyundai Motor India exported 42,600 units in the April-June period. It had shipped 35,100 units in the same period last year. Two-wheeler exports stood at 9,23,148 units in the first quarter, up 17 per cent as against 7,91,316 units in the year-ago period. Commercial vehicle shipments rose 8 per cent year-on-year to 15,74
Average price of used commercial vehicles saw a considerable rise across categories in June with 31 to 36-ton category
Back home, out of the last seven big IPOs to hit the Dalal Street (D-Street) since 2007, the Sensex has lost ground five times post the stocks of these companies debuted at the exchanges
Hyundai has been locked in competition with rivals including Maruti Suzuki India Ltd. and Mahindra & Mahindra Ltd
Hyundai has been locked in competition with rivals including Maruti Suzuki India Ltd. and Mahindra & Mahindra Ltd
Auto component maker Sundram Fasteners Ltd has reported its highest ever consolidated net profit for the March 2024 quarter at Rs 134.41 crore on account of strong operational performance. The Chennai-based company had registered consolidated net profit of Rs 127.47 crore, during the corresponding quarter of last year. For the year ending March 31, 2024 the net profit surged to Rs 525.64 crore, as compared to Rs 500.35 crore registered a year ago. Total revenue during the quarter under review grew to Rs 1,477.70 crore, as compared to Rs 1,451.46 crore registered in the same period of last year. For the year ending March 31, 2024, the consolidated revenues remained flat at Rs 5,720.47 crore as against Rs 5,707.60 crore registered in the same period of last year. In a statement on Friday, the company said it reported highest ever profit after tax, EBITDA for the financial year ending March 31, 2024. The Earnings Before Interest, Depreciation and taxes for the year ending March 31, 202
Ages-old bias could also be affecting what traditionally deprived communities earn
The company, a relative latecomer to electric vehicles, first had to ensure it could reliably procure batteries and achieve cost cuts
Analysts say concerns around how a new government's financial policies could affect peoples' income, and could discourage consumers from buying vehicles
With 3XO's launch, M&M management aims to be among the top two players in the compact SUV segment over the course of three years
"At some point there will also be Chinese cars in Germany and Europe. The only thing that must always be clear is that competition must be fair," Scholz said
Tata Motors on Friday reported an 8 per cent rise in its total wholesales to 86,406 units in February as compared with 79,705 units in the same month last year. The total domestic sales stood at 84,834 units last month against 78,006 units last month, a growth of 9 per cent, Tata Motors said in a regulatory filing. Sales of passenger vehicles, including electric vehicles, in the domestic market, were at 51,321 units as compared to 43,140 units in the year-ago month, up 19 per cent, it added. Total commercial vehicle sales declined by 4 per cent last month to 35,085 units from 36,565 units in February 2023, it added.