INDIAN AUTO SECTOR
ET MSME Awards 2024: A sneak peek at the jury process
What does it take to whittle down more than 15,000 registrations to 101 finalists and 18 eventual winners? Here’s a ringside view of the extensive adjudication process of the ET MSME Awards 2024, scheduled for March 20, 2025 in New Delhi.
Sensex soars 1,131 points, Nifty tops 22,800. 8 key drivers fueling this rally
Indian stock markets extended their gains with the Sensex closing at 75,301.26 and Nifty at 22,834.30, driven by financials, metals, and auto sectors. Factors such as strong global cues, China's stimulus measures, and a weak U.S. dollar contributed to the rally. Investors anticipate steady rates from the U.S. Federal Reserve, Bank of Japan, and Bank of England.
ET MSME Awards 2024: Elite jury picks the best of Indian MSMEs
The Economictimes.com is back with the ET MSME Awards 2024. The award series will honour the exceptional MSMEs in the country across 22 categories
Is a durable bottom in place? Nischal Maheshwari would wait for April & Trump’s reciprocal tariffs to play out
Nischal Maheshwari, CEO and Market Expert, feels the market is close to the bottom and expects clarity post the resolution of Trump's reciprocal tariffs on April 2. He is optimistic about the Indian economy due to rate cuts, tax breaks, and government spending, with banking, IT, and pharma sectors likely to benefit.
Services, auto, steel and chemical cos most exposed to US tariffs: Moody's
Moody's Ratings warns that US tariffs pose risks to South and Southeast Asian companies, notably in automotive, steel, and chemicals sectors. Indian IT giants like TCS and Infosys are well-positioned despite potential US immigration policy changes. Vehicle export impacts are limited, with most mining and energy firms unaffected.
Which sector will lead the next market rally? Jyotivardhan Jaipuria answers
Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, is more optimistic about the market after the correction. He believes valuations are now reasonable. He sees potential in sectors like banks, pharma, white goods, travel, and auto ancillaries. Jaipuria anticipates an 8% earnings growth in the March quarter and 11-12% next year.
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Up to code: Softserv Solutions is changing the game for Indian IT subcontractors
IT entrepreneur Manoj Pipersania has big dreams for his micro enterprise. The 2023 ET MSME Awards nominee talks about his journey from ATM configurations to bagging some of the biggest international clients, and what makes him tick outside of work
Market Wrap: Sensex ends 341 points higher, Nifty above 22,500 led by banks, auto stocks
Indian benchmark indices ended in the green today (Monday, March 17) led by gains in bank and auto stocks while individually ICICI Bank and Axis Bank called the shots. Favaourable global cues also helped bulls consolidate their position.
India's trade deficit narrows sharply to $14.05 bn in February while Trump's tariff risks loom
India's trade deficit narrowed to $14.05 billion in February, down from $22.9 billion in January, beating economists' expectations of a $21.65 billion deficit. However, India's exports were affected by concerns over the looming impact of proposed US tariffs, set to begin on April 2.
Tata Motors to hike commercial vehicle prices up to 2% starting 1st April, 2025
Tata Motors has announced a price increase of up to 2% for its commercial vehicles from April 2025, due to rising input costs. Maruti Suzuki also plans to raise its vehicle prices by up to 4%, citing increased operational expenses and inflationary pressures impacting the automotive industry.
India's electronics manufacturing sector grapples with uncertainty over Trump's tariff threat
Donald Trump's proposed reciprocal tariffs could disrupt India's electronics and semiconductor industries, impacting smartphone exports and manufacturing incentives. Experts urge policy adjustments to safeguard India's role as a global manufacturing hub amid shifting geopolitical trade dynamics.
India may not be the promised land for Elon Musk
Elon Musk's ventures, Tesla and Starlink, face significant hurdles in India's market due to customer preferences, regulation, and competition. Starlink's high costs limit its appeal to urban users, while Tesla struggles with pricing and strong local competitors. Despite potential collaborations, India's regulatory landscape and market dynamics make substantial disruption unlikely for Musk's businesses.
India has strong potential to replicate its manufacturing success and become a semiconductor hub: Jefferies
Favourable government policies and growing demand are positioning India as a semiconductor hub, with over USD 18 billion in investments and significant fiscal incentives. The Indian government aims to quadruple electronics production by 2030, creating around 80,000 jobs and expanding the semiconductor supply chain.
US tariffs: India will become a less attractive destination for investment in manufacturing
The big economic story, post-pandemic and before Trump 2.0, was India as 'China Plus One' for global manufacturing. Even some positive outcomes were seen, most notably in the electronics sector like Foxconn factories. But fortuitous circumstances seemed to erode post-2024 general elections. Now, less than two months into the new Trump era, 'China Plus One' looks unlikely to have a future.
Fab news: German, US companies eye India OSAT opportunity
Last week, Infineon’s Asia-Pacific arm signed a deal with Mohali-based CDIL Semiconductors to supply bare semiconductor wafers. CDIL will process these wafers to assemble and package power chipsets which "could also be viewed as a move towards (setting up an OSAT in India)" said a person aware of the matter.
India a decade away from fully autonomous cars: industry experts
Auto industry experts said that Level 5 autonomous cars which require no human interventionare at least a decade away for India.
Guns N' Roses N' Money: Concerts have become big money spinners
Guns N' Roses will perform at Mumbai's Mahalaxmi Racecourse in May, drawing significant anticipation following India's recent concert boom with artists like Coldplay and Ed Sheeran. India's growing concert economy enhances tourism, hospitality, and job creation. Increasing disposable incomes and premium consumption trends drive high demand for live music events, despite substantial ticket costs.
Lazy in largecaps, choosy in midcaps, and avoid the smallcaps? Here’s what Harsha Upadhyaya has to say
Harsha Upadhyaya, CIO-Equity of Kotak AMC, highlights the overvaluation in Indian markets, especially in mid and smallcaps. He suggests being cautious and selective in these sectors due to their high premiums and muted earnings growth. Largecap banks, private and PSUs, offer valuation comfort, along with sectors like specialty chemicals, industrials, telecom, and cement after correction.
Low growth, rising costs and market conditions weigh on insurance stocks: Amnish Aggarwal
The market, as I said, they seem to be quite stabilising and if you look at two buckets in particular, you see external sector, I am not very convinced about because due to what is happening globally, what US is doing, there is little bit of, or rather, I would say there might be prolonged uncertainty for the coming few months till the time the situation stabilises, some trade agreements are in place.
Varun Goel on 3 themes one can invest in this market
Varun Goel, Senior Fund Manager at Mirae Asset, highlights the attractiveness of lending, export-oriented sectors like IT and pharma, and low-ticket discretionary items for earnings growth in FY26. He emphasizes the potential revival in Indian markets due to factors such as rate cuts, tax benefits, and positive crop outcomes, predicting improved Nifty earnings.
We will deploy cash in largecaps on another 10% dip; comfortable with BFSI, IT: Chirag Mehta
Chirag Mehta, CIO of Quantum AMC, believes that while large caps are undervaluing, small and midcaps remain pricey, showing potential for further setbacks. Mehta sees investment opportunities in sectors like BFSI, IT, and consumer discretionary, despite global jitters. Key focus is on careful stock selection based on robust underwriting and lending practices.
Is India already feeling the heat of Trump's tariff threats?
India's exports felt the impact of potential US tariffs in February, according to government sources cited by Reuters. President Trump plans to impose reciprocal tariffs, raising import taxes to match those levied on US goods by other countries, starting April 2nd. The impact of these tariff changes on India’s exports to the US could be substantial, as the US is a major market for Indian goods.
China’s EV dominance reshaping global auto industry: Deven Choksey
Deven Choksey highlights the disruptive impact of China's dominance in the global auto sector, especially in the EV market. The discussion also touches on the recent stabilization of the Indian market due to currency stability and the potential investment opportunities in the undervalued wire and cable sector, with strong fundamentals supporting growth.
ETMarkets Smart Talk: Mid & Small Caps plunge 25%: A buying opportunity or more pain ahead?
The ongoing correction is driven by a mix of valuation concerns, muted earnings growth, and global macro uncertainties. Rising geopolitical tensions and the risk of a potential trade war have further exacerbated investor caution.
US tariff imposition to hit pharma segment; auto sector likely to face minimal impact
Enhanced US tariffs on Indian pharma imports could raise production costs, making shipments less competitive. With the US being a major market, Indian drug manufacturers may face financial strain, potentially leading to industry consolidation or closures. Auto sector impact is expected to be minimal due to limited US exports.
Bank of Baroda launches first savings account for women NRIs
Bank of Baroda launched a specialised savings account for women NRIs, offering benefits such as concessional home and auto loans, full waivers on locker rent, complementary airport lounge access, and insurance coverage. Executive director Beena Vaheed emphasized the bank's aim to empower global Indian women. Additionally, bob Premium NRE & NRO Savings Account has been upgraded with enhanced features.
Why global EV giants like Tesla, BYD can't challenge India's Tatas and Mahindras: Anand Rathi report cites key reasons
India’s passenger vehicle market is unlikely to face major disruption from new competition in the near future. Reports suggest that global players like Tesla and BYD struggle with local regulations, pricing, and market dynamics. Despite government efforts to encourage electric vehicles (EVs), challenges such as high import duties and localisation requirements keep the sector largely dominated by homegrown brands. Experts argue that established Indian automakers hold a strong advantage, making it difficult for new entrants to gain ground.
Auto stocks top FPIs' sell list in second half of Feb
The automobile sector witnessed the highest outflows in the second-half of the month as these investors dumped shares worth ₹3,279 crore after selling to the tune of ₹690 crore in the first-half of the month. In 2024, foreign investors pulled out over ₹16,000 crore from the sector.
Buying private bank & consumption stocks now; IT stocks, OMCs are other favourites: Rajat Sharma
Rajat Sharma, Founder & CEO of Sana Securities, favors investments in private banking and consumption sectors. He avoids auto, steel, and metal stocks due to debt issues and market slowdowns. Sharma sees potential in IT and oil marketing companies like BPCL and HPCL, while staying clear of PSUs and power generation stocks despite recent demand.
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