TVS Motor Co is continuing with its cost reduction efforts of previous quarters, the company's management told analysts last month
The first such dialogue was held on April 30 when Gandhi discussed the coronavirus pandemic and its economic implications with former Reserve Bank of India governor Raghuram Rajan.
Expected demand pick-up in tier-II and tier-III cities as well as preference for personal mobility amid the Covid-19 health concerns are the top two factors that would drive the demand, analysts say.
The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.
All that happened in the markets today
Reliance Industries will be in focus today as its mega rights issue opens today and closes on June 3
Improvement in realisations and average selling price (ASPs) should provide some relief to the bottom-line
Bajaj Auto's plants in Chakan and Aurangabad haven't been able to achieve "meaningful production" despite getting the requisite approvals and complying with the government guidelines, Bajaj said.
Demand slump, labour shortage put a damper on ramp-up
The RSI also has shown a trend reversal to signal a 'buy' in Shriram Transport
Supply chain glitches and unavailability of labour also a deterrent
Factories of some of the country's leading auto firms like Volkswagen, Bajaj Auto, Mercedez-Benz, FIAT India, and Mahindra and Mahindra, among others, are located in these areas
Big manufacturers say they would take more time to be ready to comply with the guidelines and get permissions before starting production
Brokerages prefer Bajaj and Hero, given its weak financial profile and premium valuation
The company further said its total two-wheeler sales were down 35 per cent at 2,10,976 units as compared to 3,23,538 units in the year-ago month
The Nifty Auto index has plunged 41.7 per cent since February 3, 2020 as compared to 29.5 per cent fall in the Nifty50 index
Bharat Forge slipped 12 per cent from its intra-day high of Rs 298 on the NSE
The automobile companies are supposed to stop selling any BS-IV vehicles by April 1
The approval was given in board meeting held on Tuesday
Valuations after a 50% fall from peak are at attractive levels