Page 13 - Auto Sector

CarTrade shares fell after Highdell, MacRitchie offload 13% stake

The company came out with a Rs 3,000-crore IPO in August 2021, where it sold shares at Rs 1,618 apiece

Demerger will help secure synergies in EVs, autonomous vehicles: TaMo chief

PV business will invest in vehicle platforms, products; CV business will focus on spares, smart mobility solutions to reduce the volatility of vehicle sales

More MNCs eye IPO route after passenger car major Hyundai Motor move

Investment bankers say early stage talks on with about half a dozen foreign firms

Tata Punch and Nexon score perfect 5 in first BNCAP EV crash test

The Ministry of Road Transport and Highways has introduced an indigenous star-rating system for crash-testing cars

Ather plugs into Maharashtra to roll out 1 million e2Ws every year

To bet Rs 1K cr on Aurangabad plant; capacity will hit 1.42 mn

Tractor sales harvest early monsoon benefits in FY25, shows revival signs

Companies report a buoyant sentiment among farmers with the onset of the monsoon

Wardwizard bags $1.29 bn electric vehicle order from Philippines company

This collaboration aligns with the Philippines government's PUVMP, which seeks to replace outdated gasoline and diesel vehicles with cleaner electric alternatives

Murugappa Group's EV arm to raise Rs 310 crore from M&G Investments

It planned to raise capital to the tune of Rs 3,000 crore to fund its multiple verticals of electric vehicles

China gives 1st approvals for public trials of advanced autonomous driving

The auto industry has defined five levels of autonomous driving, spanning driver assistance features such as cruise control at level one to fully self-driving cars at level five

This Nifty 50 stock hit new high in weak market; zoomed 95% from 52-wk low

Shares of Hero MotoCorp hit a new high of Rs 5,349, surging nearly 4% on the NSE in Tuesday's intra-day trade, as compared to 5.8% decline in the Nifty 50.

Surge in demand for 'young' used cars outpaces supply, drives prices north

SUVs set to reach 45% of used car market soon

Affordable mass electric vehicles key to unlocking demand in Indian market

A compact, budget-friendly electric car from a major Indian manufacturer, could be the tipping point for widespread EV adoption

Tata Motors to invest Rs 43,000 crore in products and technologies in FY25

Analysts expect JLR margins to remain stable

M&M's stock races ahead on strong Q4 performance, outlook healthy

M&M is looking at expanding monthly UV capacity to 64,000 units by FY25-end and 72,000 units by FY26-end, from the present level of 49,000 units

Role of advanced tech, critical materials more pronounced: Industry

The industry and the government should focus on getting technology from Chinese companies rather than allowing China to control the technology

M&M stock surges 8% on strong Q4 earnings; market cap tops Rs 3 trn-mark

Mahindra & Mahindra's market capitalisation touched Rs 3.18 trillion in Friday's intra-day trade on the BSE.

Auto major M&M shifts to high gear with Rs 37,000 crore investments

CEO says EVs will constitute 20-30% of its overall sales by 2027

M&M Q4 Preview: Profit may decline despite up to 8% rise in revenue

The automaker may register 4-6 per cent decline Y-o-Y in its adjusted profits, falling in the range of Rs 1,808 crore to Rs 1,980 crore, according to brokerage estimates

Tata Motors overtakes TCS as group's most profitable firm after 10 years

Despite this, TCS remains the most profitable firm in the Tata group in terms of annual profit

Chinese EV maker Leapmotor to enter India in third quarter of 2024-25

Stellantis and Leapmotor announced on Tuesday that they have received all required approvals to form Leapmotor International BV, a 51:49 joint venture led by Stellantis