While the 2025 Union Budget’s tax relief is expected to aid sectors like automobiles, Nomura cautions that the benefits might be limited, as 60% of tax filers do not pay taxes. Rural demand and capital expenditure are projected to positively influence vehicle sales.
3 min read4 Feb 2025The company viewed India’s rising CNG demand as a stepping stone towards adopting alternative fuels that reduce vehicular emissions.
3 min read24 Jan 2025Maruti Suzuki’s shares rose over 5% following a ’Buy’ rating upgrade by BofA Securities, which set a target price of ₹14,000 on the automaker. The brokerage highlighted growth drivers including new utility vehicle launches and electric vehicle expansion, positioning it for ltng-term success.
3 min read16 Jan 2025Bajaj Auto share price has fallen over 29% in the past three months, while the auto stock has fallen by only 9% in six months. In the last one year, Bajaj Auto share price has rallied over 28%, while it has given multibagger returns of 174% in five years.
1 min read1 Jan 2025The GST Council last week recommended harmonizing the tax rate on used cars at 18%, which meant the rate for used small cars, including electric vehicles moved up from 12%.
2 min read25 Dec 2024Sluggish sales, shifting consumer preferences, and muted government spending paint a complex picture of India’s automobile sector amid a slowing economy.
5 min read10 Dec 2024Overall retail sales of vehicles across categories rose more than 11% to 32,08,719 units in November, from 28,85,317 units a year ago, lifted by a near 16% increase in two-wheeler sales, FADA said in a statement.
3 min read9 Dec 2024While car sales lost momentum again, rural recovery is holding the two-wheeler market up and providing an overall balance to the sector.
3 min read4 Dec 2024The company is also confident of achieving 15-18% growth in the passenger vehicle segment in FY25.
3 min read7 Nov 2024BMW reported an 84% drop in quarterly profits, primarily due to declining sales in China and a costly vehicle recall affecting 1.5 million cars. Overall sales decreased by nearly 16%, and the company faces ongoing challenges in the competitive auto market.
1 min read6 Nov 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared