Passenger Vehicles News
Nifty Auto skids 2% in August, snaps 9-month winning streak; 13 stocks end lower
Shares of Tata Motors, Maruti Suzuki, and Mahindra & Mahindra (M&M) all ended the month in the red with losses ranging from 3% to 5%. According to Nuvama Institutional Equities, PV industry volumes are likely to be marginally negative in August.
3 min read30 Aug 2024Motilal Oswal maintains ’buy’ rating on Maruti Suzuki, expects automaker to continue PV market dominance
Motilal Oswal maintains a ’buy’ rating on Maruti Suzuki India with a target price of ₹15,160. The brokerage cites a strong lineup, diverse portfolio, and powertrain technologies and expects the company to outperform industry growth in FY25.
3 min read30 Aug 2024Lenders feel the heat of slowing car sales
Auto manufacturers and lenders have so far cited cyclic trends, wherein auto sales tend to slow down ahead of the festival season, typically beginning in the third quarter of every current financial year
5 min read17 Aug 2024Popular Topics
Budget
The 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