SUZUKI MOTOR
European car companies step on gas for a footing in India
Czech carmaker Skoda Auto's India unit is aiming to sell over 100,000 vehicles annually by 2026, targeting younger customers with affordable, feature-rich models designed specifically for Indian market. This ambitious goal comes amid the dominance of Japanese, Korean, and local automakers, with Skoda striving to carve out a competitive niche through strategic positioning.
Volkswagen's Skoda to invest in manufacturing EVs in India despite $1.4 billion tax demand overhang
Skoda Auto plans to manufacture electric vehicles in India, investing independently if necessary. While facing a significant tax dispute, Skoda remains committed to collaborating with partners for growth in the Indian market. With India's new vehicle efficiency standards, Skoda aims to leverage Volkswagen Group's EV technology to gain a competitive edge.
Stock market update: Nifty Auto index falls 0.29% in an upbeat market
The Nifty Auto index was trading 0.29 per cent down at 20722.75.
Stock market update: Nifty Auto index falls 0.34%
The Nifty Auto index closed 0.34 per cent down at 20682.65.
Stock market update: Nifty Auto index falls 0.4% in a weak market
The Nifty Auto index was trading 0.4 per cent down at 20670.1.
Japanese shares fall over 2% on Wall Street losses, stronger yen
Japanese shares plunged over 2% on Tuesday, influenced by Wall Street's losses amid fears of a U.S. recession and a stronger yen. The Nikkei index fell to its lowest since mid-September, while the Topix hit its lowest since late October. Exporters like Toyota and Sony saw significant declines.
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Zomato’s Eternal switch; China’s AI leap forward
Zomato shareholders have greenlit the parent company’s name change to Eternal. This and more in today’s ETtech Top 5.
Cars24 drives into new-car sales arena with OEM, dealer aggregator model
Cars24's cofounder and chief marketing officer, Gajendra Jangid, mentioned that nearly 50% of customers selling cars on the platform buy new ones, and half of buyers are considering both new and used cars. This highlights significant untapped demand, prompting the platform to offer both options.
Stock market update: Nifty Auto index falls 0.29% in an upbeat market
The Nifty Auto index was trading 0.29 per cent down at 20949.0.
For investors with a time frame of 2-3 years: 5 large-cap stocks from different sectors with upside potential of up to 36%
Challenging conventional wisdom can sometimes lead to deeper insights and better investing decisions for the long term. One principle that has long shaped investment decisions is the belief that a higher net margin indicates a superior business. While largely true, a closer look at certain industries reveals a different path to wealth creation, one where single-digit margins have not prevented companies from delivering consistent, long-term growth and outperforming the market. You may be surprised by our list today. These companies have not only created wealth, but over a period of time have been able to outperform strong bearish markets.
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.
Stocks in news: IndiGo, Apollo Hospitals, Hyundai, TCS, NMDC, Laurus Labs
Apollo Hospitals' Hyderabad-based arm Apollo Health and Lifestyle Limited (AHLL) has acquired a controlling stake in Lucknow-based Care Diagnostics for an undisclosed sum in an all cash deal.
Why Indian automakers are not scared of Elon Musk
Tesla is opening a showroom in Mumbai, marking its entry into the Indian market. Indian automakers like Tata Motors and Mahindra & Mahindra remain confident, seeing little threat from Tesla's presence unless it significantly reduces its prices. Local production and price alignment are crucial for Tesla to compete here effectively.
Hyundai falls behind M&M, Tata Motors in Feb retail sales: FADA
Hyundai Motor India slipped to fourth place in the Indian passenger vehicle market in February, with retail sales dropping by 20 percent year-on-year. Maruti Suzuki India led the market, followed by Mahindra & Mahindra and Tata Motors. In the two-wheeler segment, Hero MotoCorp retained the top spot.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 2.16 points up at 22339.45
Auto sector valuation premium over Nifty falls from Sept 27 peak. Time to press the gas pedal?
The auto sector’s valuation premium over Nifty has declined from 37% to 20%, as auto stocks fell 27% compared to Nifty’s 16% drop since September 2024. Weak Q3 earnings and Tesla’s India entry contributed to bearish sentiment, analysts say.
Stock market update: Mining stocks up as market falls
The 30-share BSE Sensex closed down 96.01 points at 72989.93
Stock market update: FMCG stocks down as market falls
The 30-share BSE Sensex closed down 96.01 points at 72989.93
Stock market update: Sugar stocks up as market falls
The 30-share BSE Sensex closed down 96.01 points at 72989.93
Stock market update: Power stocks up as market falls
The 30-share BSE Sensex closed down 96.01 points at 72989.93
Stock market update: Fertilisers stocks up as market falls
The 30-share BSE Sensex closed down 96.01 points at 72989.93
Stock market update: Fertilisers stocks up as market falls
The 30-share BSE Sensex was down 112.46 points at 72973.48
Stock market update: Mining stocks down as market falls
The 30-share BSE Sensex closed down 112.16 points at 73085.94
Stock market update: Nifty Auto index advances 0.19%
The Nifty Auto index closed 0.19 per cent up at 20538.15.
Maruti, M&M, Hyundai, Tata Motors shares jump up to 4% after February sales data
Shares of leading automakers, including Maruti Suzuki and Mahindra & Mahindra, experienced a surge of up to 4.4% after mixed sales in February. M&M's strong sales growth stood out with a 14.8% increase, driven by robust domestic and export markets, while Tata Motors faced an 8.2% decline in total sales.
Stocks in news: M&M, Glenmark Pharma, Tata Motors, IOB, Sun Pharma
Mahindra & Mahindra is working to scale up some of its smaller businesses to match its portfolio of multiple large companies, the top executive at the tractor-to-technology group told ET.
Powered by SUVs, Mahindra outruns Hyundai to clinch silver in PV race
In February, Mahindra & Mahindra overtook Hyundai Motor to secure the second position in India's passenger vehicle market, driven by strong demand for its SUVs like XUV700 and Thar Roxx. Mahindra's sales surged 19% to 50,420 units, while Hyundai's sales declined by 5% to 47,727 units.
Maruti domestic PV sales marginally up; Hyundai, Tata report decline in Feb
Maruti Suzuki reported marginal growth in domestic sales for February, while Hyundai and Tata Motors saw declines due to muted demand. However, Mahindra & Mahindra, Toyota Kirloskar Motor, and Kia India experienced significant growth, driven by strong SUV and MPV sales. Royal Enfield and JSW MG Motor also posted substantial increases.
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