Top automakers showcase EVs as they prepare for transition to electric mobility; key worries over charging infra and range anxiety persist
3 min read17 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 2025Jefferies identifies Mahindra & Mahindra, Eicher Motors, and TVS Motor as top investment picks, projecting strong growth in two-wheelers and tractors. M&M’s target price is raised to ₹4,075, reflecting robust sales and new EV model launches.
3 min read10 Jan 2025Auto Sector Q3 Results Preview: Auto companies are estimated to report a YoY growth of 9% in Revenue, 9% in EBITDA, and 6% in PAT for Q3FY25. The raw material cost for auto OEMs is expected to remain stable on a quarter-on-quarter (QoQ) basis.
4 min read9 Jan 2025Mahindra & Mahindra shares led the gains with an exceptional 76% growth this year, while Tata Motors was the only laggard among the Nifty Auto constituents, with its stock price declining by 3% YTD.
3 min read27 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 2024In 2024, the Auto index outperformed the Nifty, gaining over 28% compared to Nifty’s 13%. Experts predict potential growth in 2025, driven by volume recovery and premiumisation, despite challenges like inventory build-up and inflation.
3 min read9 Dec 2024As the Indian two-wheeler industry gears up for future growth, investors face a critical choice between two prominent players—Hero MotoCorp and TVS Motor. While both companies hold strong positions in the market, let’s see what experts suggest in the current landscape.
4 min read6 Dec 2024Rural demand helped growth, with Maruti Suzuki’s’s rural penetration increasing 220 basis points y-o-y to 48.7%, said Partho Banerjee, head of marketing and sales at MSIL. Tata Motors also saw sales growth but Hyundai dispatches slipped.
3 min read1 Dec 2024Mahindra & Mahindra recorded an 18% YoY growth in passenger vehicle volumes during the second quarter of FY25, significantly outperforming its peers. In contrast, Maruti Suzuki India, Tata Motors, and Hyundai Motor India reported volume declines of 2–9% YoY during the same period.
1 min read15 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