In passenger vehicles, the brokerage expects the segment to post 19 per cent year-on-year (Y-o-Y) growth in dispatches in December, broadly in line with retail trends.
A combined 34.84 million equity shares of Rico Auto changed hands on the NSE and BSE till 02:04 PM.
Systematix has set a target price of ₹192 for JTEKT India, valuing the stock at EV/Ebitda of 17.5 times on December 2027E, in line with its past five-year average multiple
Nomura, in a note, said the acquisition marks SAMIL's formal entry into the global PV wiring harness segment outside India, an area where the group previously had limited exposure.
Entry-level vehicles across 2Ws and PVs are seeing a notable pickup in demand, while discounts are expected to gradually reduce, reflecting normalisation in market dynamics.
Samvardhana Motherson International's recent stock outperformance, despite a volatile global macro backdrop, is led by resilient H1FY26 marked by stable booked business and limited tariff impact.
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