INDIAN AUTOMOBILE ASSOCIATION
Car sales see marginal growth, but dealers warn of high inventory
Wholesales of passenger vehicles in February 2025 increased by 1.9% despite a dip in retail sales due to rising inventory. The highest-ever February sales in the segment were recorded, driven by utility vehicle demand, while small cars and vans saw a decline. Two-wheeler sales dropped sharply by 9%.
EV manufacturer Ather said to move closer to $400 million IPO
Ather Energy Pvt., an Indian electric-scooter maker supported by Hero MotoCorp Ltd., is planning an IPO in Mumbai to raise around $400 million, targeting a valuation of about $1.6 billion. The offering, expected by early April, will include both primary and secondary shares, with some investors offloading stakes. Hero MotoCorp will not sell its shares.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 26%
The Indian market, in correction mode for five months, is not a standalone underperformer. A part of the correction does and will continue to happen because of global markets. So, when Dow Jones Futures indicates in the afternoon that it will open with a 1% cut, or Nasdaq is set for a cut of over 2%, expecting the Nifty to end the day in the green is foolhardy. It’s simple: If the US markets are going to drop, there is no way the Indian market, or for that matter any other, whether emerging or developed, will see a standalone uptrend. Yes, there will be phases of relative outperformance. Are Indian markets going through that? Is market behavior indicating that?
Women’s role central in shaping supply chain expertise: Abhyuday Jindal
Women are significantly advancing in the supply chain sector, particularly in leadership roles, thanks to gender diversity programs and technological skills. Despite systemic barriers, their contributions enhance business resilience and economic growth. A multi-faceted approach is essential for fostering an inclusive and equitable supply chain industry.
Investments in manufacturing, healthcare & GCCs, fuelling growth: Sodexo
Sodexo Group's growth in India is driven by large-scale investments in sectors like manufacturing, healthcare, and technology. The increasing number of Global Capability Centres (GCCs) and the shift towards organized food services post Covid-19 are fueling their expansion.
Ahead of Market: 10 things that will decide stock market action on Wednesday
The Indian market closed lower on Tuesday, with Nifty 50 marking its longest losing streak in three decades due to escalating global trade tensions. The Sensex fell 96 points (0.13%) to 72,989.93, while Nifty 50 dropped 36.65 points (0.17%) to 22,082.65.
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IN-SPACe proposes tech consortium to steer auto industry towards ISRO’s sensors
However, to make this a reality, the high prices of ISRO’s sensors need to be cut to a tenth. According to IN-SPACe chairman Pawan Goenka, to achieve this goal, an entirely different production process needs to be put in place.
Hero Electric faces insolvency as bidders invited, probe ongoing
Hero Electric, India's first electric scooter maker, is undergoing insolvency resolution under the IBC due to a default of Rs 1.85 crore. The company faces Rs 301 crore in claims, primarily from major banks. Despite initial success, regulatory challenges and subsidy disputes have led to a significant drop in sales and ongoing investigations.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 30%
The ongoing bearishness is exposing cracks in the stock market that the bulls had papered over with liquidity. This phase is thus a stress test not just for your investments, but also your decision-making abilities and comfort with risk. Most of us take maximum risk when it is time to avoid it; and sit back when it is time to increase it. Consider: Which is the better time to buy? September 2024, or today? Logically, today, because prices are down and valuations have cooled a bit. But as fear has taken over, it is extremely difficult to make a distinction between stock prices and the underlying businesses.
Companies hiring on all cylinders to take charge of EV market
Electric vehicle makers in India are ramping up hiring, with prominent firms like Tata Motors and Ola Electric expanding their teams across various key domains. Recruitment firms report a 25-30% surge in hiring mandates, driven by burgeoning consumer demand, government incentives, and infrastructure expansion, alongside attractive salary offers for senior roles.
Indian semiconductor firms see little impact of Trump's tariff threat
Some said Trump's action to put tariffs on semiconductor imports may in fact violate the Information Technology Agreement (ITA-1), an international treaty to which the US is a party to, mandating trade of semiconductors and IT goods at zero duties between signatories.
Think bullish & beyond the correction: Are these 9 large-caps, with an upside potential of up to 41%, potential bouncers?
When bears roam the street as they are doing these days, every stock will witness a cut in price. Some less, some more, but a decline for sure. Some because of profit-booking, some because the sector or company has headwinds in its business. So, at a time when it is difficult to think rationally because the value of your portfolio is eroding daily, it is important to look beyond what the street is doing today. To put it in perspective: Is the Nifty’s movement making a difference to airfares or room rents of hotels? These businesses are not impacted by the indices. So, think rationally about the market. Of course, it is a difficult thing to do at this juncture.
Not scared of Trump's threats? India's drug, auto exporters see limited impact of US tariffs
Indian exporters believe that US President Trump's proposed tariffs on automobile and pharmaceutical imports will not significantly affect their competitiveness. Industry leaders suggest adjusting domestic policies to mitigate any potential impact. Indian pharmaceuticals and auto components are expected to remain resilient despite the potential for increased tariffs.
Sourav Ganguly still a magnet for endorsements! More than 40 brands still swear by ‘Dada’
Sourav Ganguly, a former India cricket captain, is associated with over 40 brands across different sectors. He goes the extra mile for each brand, ensuring visibility and sustained growth. Ganguly also has involvement in sports beyond cricket and promotes the growing EV sector. His dedication makes a real impact in the market.
Coimbatore gears up for ET Make in India SME Regional Summit on February 20
The ET Make in India SME Regional Summit serves as a networking platform for MSMEs and industry stakeholders to exchange and collaborate on ideas.
Looking for a car with budget under Rs 20 lakh? Here are the top launches slated for 2025
ET Wealth, in collaboration with Cardekho.com, brings an exciting lineup of petrol, diesel, and electric vehicles, which are slated to be launched this year. The auto industry is gearing up for numerous car launches in 2025. Not only are new models and updated versions of existing cars expected, but major carmakers like Maruti, Tata, Hyundai, Mahindra, Kia, and Skoda are also introducing new models to boost sales and offer more choices to consumers. Depending on your budget, you can choose a car up to Rs 20 lakh, between Rs 20-40 lakh, and above Rs 40 lakh, along with electric vehicles (EVs).
India’s electronics export hopes dim as Trump eyes tariffs
US President Donald Trump plans to impose reciprocal tariffs on trade partners, which could disadvantage Indian exports of electronic products and auto components. This development comes as India and the US aim to boost bilateral electronics trade significantly. Industry leaders expect potential impacts on exports, especially in smartphones and auto components.
Hero’s search for a hit: Hero MotoCorp, India’s largest two-wheeler maker, struggles to stem dwindling market share
Hero MotoCorp faces mounting challenges as its market share hits a decade-low and rivals gain ground. With executive departures and underperforming new models, the company is struggling to maintain its leadership in the two-wheeler market while its EV segment grows sluggishly.
Bumpy ride: Auto industry stuck with excess semiconductor stock post-pandemic
Chip sales in the auto sector skid as the post-pandemic frenzy turns into an inventory glut. With tapering of sales and other expected challenges, the industry isn’t prepared to get out of second gear.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 34%
The world is currently grappling with what US President Trump will do or undo on the tariffs front. And markets will have to deal with this issue till the politics of one-upmanship is settled. As an investor, learn the art of not dealing with anything but one thing: Earnings and what impacts it. Do you even remember which sectors and stocks did well when Trump was president the first time? Most probably not. But if you had bought any stock in 2016, the chances are that you are sitting on great returns. So stop worrying about what Trump can and will do and the optics of it. Focus on what businesses you own by way of the stocks in your portfolio. Do you own a cyclical business or are you a shareholder of a consumer business? That will matter more.
Driving India’s auto future: Budget 2025-26 expectations for a sustainable and competitive industry
Union Budget: India's automotive sector has grown into the world's third-largest market, driven by consumer demand and government policies like PLI, FAME-II, and PM E-DRIVE schemes. The upcoming Union Budget 2025-26 is expected to emphasize eco-friendliness, innovation, and employment generation, focusing on EV infrastructure, domestic manufacturing incentives, and GST reforms to maintain momentum.
Time to buy cars smartly - Meta and FADA team up for digital thrust for car dealerships
Meta has partnered with the Federation of Automobile Dealers Associations (FADA) to digitize India's auto dealerships through the 'Move with Meta' program. This initiative equips dealers with tools like Reels, WhatsApp, and hyperlocal marketing to engage customers and boost sales. A Meta white paper, Shift Gears, highlights that 72% of new car buyers discover brands via Meta platforms, and 48% use WhatsApp for direct communication with dealers.
VinFast in search for a partner to go biking in India
Vietnamese electric vehicle maker VinFast is exploring options to enter the Indian market for high-speed electric two-wheelers, including potential technical alliances or contract manufacturing partnerships with local firms. VinFast showcased its models at the New Delhi auto show and aims for maximum localisation in India.
Bharat Mobility Global Expo 2025: Pioneering growth for auto components manufacturers
The Bharat Mobility Global Expo 2025 in Delhi showcased 1,000 companies and international delegations, highlighting India's booming auto component industry. The event emphasized growth in manufacturing, the shift to electric vehicles, and technological innovation. India's focus on R&D, digitisation, and sustainability aims to transform the sector and boost exports to $100 billion in the next decade.
India's automobile industry will be number one in world in next 5 years: Nitin Gadkari
India's Union Minister Nitin Gadkari predicts the country's automobile industry will be the world's largest in the next five years. The industry, currently valued at Rs 22 lakh crore, has created 4.5 crore jobs and contributes significantly to GST revenue, with 50% of manufactured two-wheelers being exported globally.
Fund Manager Talk | Select capex, PSU stocks will perform well in 2025: Ashish Naik, Axis Mutual Fund
Consequently, the market is likely to become more stock-specific and we anticipate that high-valuation sectors may consolidate in the near term if they lack new earnings growth drivers. Nonetheless, we continue to find opportunities across the market.
Halt illegal imports of refurbished medical gear: Drug regulator
India's drug regulator has instructed Customs to prevent the entry of refurbished medical devices, as these lack regulation under existing rules. This move addresses concerns about patient safety and supports domestic manufacturers. Imports are halted until a policy framework is established, impacting the pre-owned medical equipment market, which aids underserved regions.
PM Modi to open Bharat Mobility Expo on Friday, over 100 launches of auto, components expected
Prime Minister Narendra Modi will inaugurate the Bharat Mobility Global Expo 2025, showcasing over 100 launches in automobiles and components with a focus on sustainability and innovation. The event includes major unveilings by companies like Maruti Suzuki, Hyundai, Mercedes-Benz, and BMW, hosted across three venues.
Budget 2025: Tax cuts, tariff, growth strategies top Indian industry's wish list
Indian Finance Minister Nirmala Sitharaman will present the national budget on February 1. The budget comes at a time when the economy is slowing. Measures to boost growth are anticipated, including potential tax cuts and incentives for electronics makers. Industry groups are calling for tax reductions, infrastructure spending, and tariff cuts to improve the economic outlook.
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