Stocks to Watch: Adani Enterprises FPO and Earthstahl & Alloys IPO opens for subscription on Friday. Shares of Adani Group companies also likely to be in focus amid the Hindenburg controversy.
In December 2022, most automobile shares flaunted negative returns, with Tata Motors leading the pack, followed by Eicher Motors and Maruti Suzuki
Maruti Suzuki expects substantial increase in its market share in the sports utility vehicle (SUV) segment this fiscal with the new Brezza and Grand Vitara receiving robust response, according to a senior company official. The auto major also plans to introduce more models in the SUV segment in the remaining part of the financial year. "In July we were at 7.1 per cent (market share) in the SUV segment...it increased to 10.8 per cent in August, 13.01 per cent in September and 14.4 per cent in October. So it is showing an increasing trend," Maruti Suzuki India (MSI) Senior Executive Officer Marketing & Sales Shashank Srivastava told PTI in an interaction. He noted that the market share would have increased further if the company had not faced supply issues with Brezza last month. "I would not like to project a going forward figure but can safely say that we are expecting a good increase (in market share) this fiscal as we expect to launch a few more SUVs," Srivastava said. He noted
Revenue and net profit both were ahead of consensus estimates
In FY22, the South Korean company's overall revenue in India, including other income, increased by 10% to Rs 85,324 crore
From Hyundai Motors to Maruti Suzuki and Toyota, all major market players will be ramping up their SUV offerings, giving consumers a variety of options
Maruti Suzuki is creating infrastructure in India to assist its EV manufacturing
PM Modi will lay foundation stone of two key projects in Gujarat's Gandhinagar, said the Prime Minister's Office
"The recall is being undertaken to replace ACUs, free of cost, in these vehicles," the company noted in a statement to BSE
Maruti Suzuki Alto K10 launched in India at 11.30 am today. Read the key features, expected prices, specifications, and everything about the highest-selling brand in India
After almost a decade since the current model was introduced, the new Alto K10 is receiving a big update.
Stocks to Watch today: Tata Motors signed the biggest-ever EV fleet order in India with the largest fully-electric ride-hailing service firm - BluSmart Mobility for delivering 10,000 Xpres-T EVs.
According to the technical analyst from Anand Rathi, Maruti is witnessing a formation of double bottom near Rs 7,600 mark, while NOCIL has seen a breakout above Rs 265 level.
Haryana Chief Minister Manohar Lal Khattar on Tuesday said that setting up Maruti's 3rd plant in Kharkhoda will give a boost to auto industry in state.In the past few years, Haryana has made rapid strides on several fronts including industrial development under the guidance and leadership of Chief Minister, Manohar Lal. Haryana Government is actively working towards making Haryana an industrial and automobile hub, read an official statement from Haryana government.The growth in automobile sector in Haryana can be gauged by the fact that Maruti is coming up with its 3rd plant in the state. Maruti Suzuki India Limited (MSIL)/ Suzuki Motorcycle India Private Limited (SMIPL) and Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC) are all set to sign an agreement for the allotment of 800-acre & 100 acre land at IMT Kharkhoda, respectively, in a ceremony being organised on May 19, 2022 in the presence of Chief Minister Manohar Lal.This event would .
The Nifty Auto index is slowly inching towards 200-DMA; above which the index can gain up to 4 per cent.
Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.
IT stocks are likely to be in focus ahead of the earnings season and likely benefit from the India-Australia trade deal.
The country's largest carmaker Maruti Suzuki India (MSI) on Friday reported a 2 per cent rise in total wholesales to 1,70,395 units in March.
Reliance Retail Ventures, a subsidiary of Reliance Industries, has bought 89 per cent stake in Purple Panda Fashions for Rs 950 crore.
Paytm is likely to be in focus after RBI's ban on fresh onboarding of customers to its arm Paytm Payments Bank with immediate effect over the weekend.