Page 11 - Auto Sector

Thar ROXX launch boosts M&M stock price by 3%; up 16% in 3 months

The surge in the stock price followed the company's announcement of the launch of Thar ROXX, its latest sports utility vehicle (SUV).

Hero MotoCorp Q1 results: Net profit rises 47.3% to Rs 1,032 crore

Crosses Rs 10,000 crore revenue mark for the first time; posts highest ever Q1 profit

In a first: CNG passenger vehicles ride past diesel in sales race

The share of CNG in the overall passenger vehicle market increased from 13.63 percent in June 2023 to 18.5 percent in June 2024

As EV subsidies transition from FAME to EMPS, how is the industry coping?

The industry witnessed a decline after the expiry of FAME-II, despite the introduction of EMPS

Tata Motors Q1 FY25 results: Net profit jumps 74% to Rs 5,566 crore

The revenue from operations for the April-June quarter was up 5.7 per cent to Rs 107,316 crore

Tata Motors' board approves proposal to demerge into two listed companies

The transaction is subject to necessary shareholders, creditors, and regulatory approvals, which can take around 12-15 months to complete

Ashok Leyland falls 4% after July sales disappoint. Check details here

The fall in the share price came after the automotive manufacturer reported disappointing July 2024 sales numbers.

Maruti Suzuki Q1 results: PAT up 47% to Rs 3,650 cr on high demand of SUVs

The share of SUV sales in Maruti's overall sales grew to 31 per cent from 25 per cent a year ago, making it the company's second-biggest segment after compact cars

M&M share price up 2% after June quarter performance; topline jumps 11%

The company's standalone revenue rose 11.2 per cent year-on-year (Y-o-Y) to Rs 27,132.8 crore in Q1FY25, as opposed to Rs 24,402.9 crore in Q1FY24.

Tata Motors Q1 Preview: JLR, Indian CV sales may fuel revenue growth

In the past week alone, Tata Motors' stock has climbed 18 per cent following an upgrade from brokerage firm Nomura, which set a 'Buy' rating and a target price of Rs 1,294 per share.

M&M Q1 Preview: Analysts eye strong revenue growth; Ebitda to rise upto 23%

Most of the brokerages expect M&M's profit to fall up to 15 per cent in Q1FY25.

Maruti Suzuki Q1 Preview: Profit may jump up to 37% YoY, revenue around 9%

Maruti Suzuki Q1 2024 results: Investors will eye margin trajectory amid commodity pressures, elevated discounting.

Tata Motors looks to drive into mid-SUV space with Curvv SUV Coupe

Curvv will be launched with the EV version, and within a month the ICE versions will come. EV customers also want a higher range

Ashok Leyland rallies 7% as management eyes solid growth post Q1 show

With healthy order wins in the buses segment in the recent past and stable growth trajectory, ICICI Securities said they are positive on the stock with long term investment horizon.

PLI for auto sector sees investment proposals worth Rs 67K cr: Eco Survey

The production linked incentive scheme (PLI) for automobile and auto components has so far attracted a proposed investment of Rs 67,690 crore, said Economic Survey 2023-24 tabled in Parliament on Monday. A capital of Rs 14,043 crore has been invested till end-March 2024, it stated. Applicants have proposed employment generation of 1.48 lakh, against which 28,884 of jobs have been generated till March 31, 2024, the Economic Surevy 2023-24 stated. So far 85 applicants have got approval under the scheme, it noted. The PLI scheme for automobile and auto components has a budgetary outlay of Rs 25,938 crore from FY23 to FY27. The scheme has been sub-divided into champion OEM incentive scheme and component champion incentive scheme. Besides, the government has approved the National Programme on Advanced Chemistry Cell (ACC) Battery Storage in May 2021 with a budgetary outlay of Rs 18,100 crore. The growth in the value of domestic production and consumption of automotive parts moderate

Budget 2024: Green tech, vehicle scrapping aid; auto sector's wishlist

Budget 2024: During the Interim Budget presentation, Nirmala Sitharaman had highlighted that the Centre is keen on expanding and strengthening the electronic-vehicle ecosystem

Auto component industry to see moderate growth this fiscal: ICRA

The Red Sea crisis is likely to impact the margins of the auto component industry over the next few quarters amid higher container rates and shipping time, credit ratings agency ICRA said on Thursday, projecting a moderate growth for the industry this fiscal. Close to two-thirds of the auto component exports are made to North America and Europe, and one-third of the imports is made from these regions, as per the ratings agency. "The disruption along the Red Sea route has resulted in a surge in container rates by 2-3 times in YTD (year-to-date) this calendar year compared to CY2023, while shipping time has also increased by around two weeks," ICRA said. The operating margins are set for a year-on-year improvement of around 50 basis-points in FY2025, benefitting from better operating leverage, higher content per vehicle, and value additions, while remaining exposed to any sharp volatility in commodity prices and foreign exchange rates, it said. Also, the industry's liquidity position

Registration fee waiver in UP to spur hybrid car sales? What Nomura says

Toyota, with its dominant market share in strong hybrids in India, analysts said, is anticipated to be a primary beneficiary of this policy change, followed by Maruti Suzuki (MSIL)

Rs 500-crore EMPS 2024: Only 3.6% vehicle sales target achieved so far

The decrease in participation in the scheme has led to low sales numbers for the EV industry, which had been experiencing sustained growth since the launch of FAME in 2015

Launch triumphs, JLR margin turn the ignition key to gains for Tata Motors

Some brokerages foresee growth via higher market share, prices, margins