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Auto exports jump 40% in Jan; domestic dispatches in PVs, 2Ws remain flat

On the export front, car exports saw nearly a 13 per cent drop year-on-year (Y-o-Y), while utility vehicle (UV) exports went up by around 61.5 per cent in January

Updated On: 13 Feb 2025 | 11:43 PM IST

Hero MotoCorp Q3 Preview: Net profit may climb up to Rs 1,130 crore YoY

Hero MotoCorp is expected to report a steady performance for Q3FY25, with revenue growth driven by higher average selling prices (ASPs) rather than volume growth, analysts said

Updated On: 05 Feb 2025 | 9:37 PM IST

Will Bharat Mobility Expo 2025 rev up auto stocks? Analysts don't think so

Bharat Mobility Expo 2025, Auto Expo 2025: Analysts believe the automobile vehicle demand has been impacted by higher inflation and interest rates

Updated On: 17 Jan 2025 | 1:39 PM IST

Citi initiates coverage with 'Buy' on Hyundai Motor India; share up 3%

The rise in Hyundai India share came after global brokerage firm Citi Research initiated coverage with 'Buy' for target price of Rs 2,250

Updated On: 07 Jan 2025 | 1:52 PM IST

Automotive leasing in India to account for 8% of sales in 5-8 yrs: ORIX

Mobility solutions and financial services provider ORIX Corporation India Ltd expects automobile leasing market in India to account for 7-8 per cent of the overall vehicle sales in the next 5-7 years, up from about 2 per cent currently with more younger people joining the workforce, its Managing Director and CEO Vivek Wadhera. With good traction in its business, the company expects 30-35 per cent higher profit this fiscal year compared to the last year, Wadhera told PTI in an interaction. "If you compare the Indian market to the western market, the overall leasing market in India is 1-2 per cent of the total number of automobiles sold," he said when asked how the automobile leasing market has been developing in the country. In 2024, passenger vehicle sales in India stood at 43 lakh units as per industry estimates. In the western market such as the US, or even Japan or China, the same percentage is 30-40 per cent, he added. There many customers don't buy vehicles but "Indians still

Updated On: 05 Jan 2025 | 11:05 AM IST

M&M, TVS & Uno Minda among top picks by Nuvama ahead of December auto sales

Nuvama analysts said December is expected to bring encouraging results for the industry. PVs are predicted to achieve double-digit growth, propelled by strong performances from M&M, Maruti & Toyota

Updated On: 31 Dec 2024 | 8:06 AM IST

Auto component industry grows 11% to Rs 3.32 trillion in Apr-Sep: Acma

The automotive components industry grew 11 per cent year-on-year to Rs 3.32 lakh crore in the first half of the current fiscal, industry body ACMA said on Thursday. The turnover of the automotive component industry in the April-September period of last fiscal stood at Rs 2.98 lakh crore. "With vehicle sales across all segments reaching pre-pandemic levels and despite geopolitical challenges on the exports front, the auto components sector witnessed a steady growth in both domestic and international markets in the first half of FY2024-25," Automotive Component Manufacturers Association of India (ACMA) President Shradha Suri Marwah said. She said the festive season brought significant sales across most segments of the vehicle industry. "However, reflecting on the past eight months of this fiscal year, while two-wheelers have shown promising growth, sales of passenger vehicles and commercial vehicles have been relatively moderate," she added. On the exports front, with geological ...

Updated On: 12 Dec 2024 | 5:43 PM IST

Why Samir Arora thinks investing in Auto industry is a 'Ridiculous Trade'?

Ahead of the opening of the much-awaited Hyundai Motor India IPO, Samir Arora of Helios Capital has shared his outlook on the auto industry. Here's what the market expert thinks

Updated On: 10 Oct 2024 | 3:07 PM IST

Maruti Suzuki cuts price of select Alto K10 & S-Presso modes; details

Maruti Suzuki reported a nearly 3.9 per cent decline in sales for August 2024, with 181,782 units sold compared to 189,082 units in August 2023

Updated On: 02 Sep 2024 | 12:43 PM IST

Toyota posts 35% YoY rise in total wholesale at 30,879 units in Aug

Toyota Kirloskar Motor on Sunday reported a 35 per cent growth year-on-year in total wholesales at 30,879 units in August. The automaker had reported a dispatch of 22,910 units in both domestic and exports in the same month last year. "As we approach the festive season, demand for our products remains buoyant, and we are already witnessing increased consumer interest and higher footfall across all our dealerships," Toyota Kirloskar Motor Vice-President, Sales-Service-Used Car Business, Sabari Manohar, said in a statement. SUVs and MPVs continue to significantly contribute to the company's sales numbers, reflecting a growing preference for these segment vehicles, he added. Interestingly, this trend is not limited to major urban centres but extends to tier-2 and tier-3 markets as well, demonstrating widespread customer acceptance for TKM offerings, Manohar said. As a response to the market needs, the automaker reopened the bookings in August for the Innova Hycross ZX & ZX (O) ...

Updated On: 01 Sep 2024 | 12:40 PM IST

Uptick in auto demand, improvement in microfinance likely: L&T Finance

L&T Finance on Wednesday said it is expecting a decent uptick in automobile demand during the festive season on the back of good monsoon and is hopeful of a reasonable improvement in the microfinance segment in the second half of the current fiscal. "Of late, there are reports that the auto industry is seeing some slowdown, but I am very hopeful that on the back of good monsoon that we see, I think during the festive period, we will see a decent uptick both in terms of two-wheelers as well as four-wheelers," L&T finance Managing Director and Chief Executive Officer Sudipta Roy told PTI. Speaking on the sideline of the three-day Global Fintech Festival, Roy said in terms of loan disbursements, overall, the two-wheeler segment is doing very well, adding that, "post Diwali, the demand has been relatively robust. We have been seeing ... our disbursements going somewhere between 15-20 depending upon the region." Stating that the microfinance industry is currently going through a ...

Updated On: 28 Aug 2024 | 2:51 PM IST

Hyundai Motor eyes 30% rise in sales by 2030 as it doubles hybrid lineup

The world's No. 3 automaker by sales, along with affiliate Kia Corp, announced its mid- to long-term goals and strategy at its CEO Investor Day

Updated On: 28 Aug 2024 | 2:39 PM IST

Auto Bet: Bajaj, M&M, Escorts Kubota may lead August sales, says Nuvama

Within the 2W segment, analysts believe, mass-market original equipment manufacturers (OEMs) such as Honda, Hero Moto Corp, Bajaj Auto, and TVS are anticipated to perform well.

Updated On: 28 Aug 2024 | 8:44 AM IST

Waning demand expected to hit breakneck rally in India's auto stocks

India's NSE Nifty Auto Index is down 4.1 per cent in August, more than double the decline in the Nifty 50 Index

Updated On: 19 Aug 2024 | 8:53 AM IST

Sona BLW: Why Nomura thinks auto component firm may surpass industry growth

The electric vehicle (EV) revenue accounted for 33% of total revenue. The company's order book expanded to Rs 23,300 crore in Q1FY25, from Rs 22,600 crore in Q4FY24.

Updated On: 26 Jul 2024 | 9:37 AM IST

Automobile exports from India rise 15.5% in June quarter, shows Siam data

Automobile exports from India rose 15.5 per cent year-on-year in the June quarter with all verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM data. Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compared with 10,32,449 units in the same period of the last fiscal. Passenger vehicle exports stood at 1,80,483 units in the first quarter, registering a jump of 19 per cent over 1,52,156 units in the same period last year. Maruti Suzuki India led the space with shipments of 69,962 units in the period under review. It exported 62,857 units in the first quarter of the 2023-24 fiscal. Hyundai Motor India exported 42,600 units in the April-June period. It had shipped 35,100 units in the same period last year. Two-wheeler exports stood at 9,23,148 units in the first quarter, up 17 per cent as against 7,91,316 units in the year-ago period. Commercial vehicle shipments rose 8 per cent year-on-year to 15,74

Updated On: 14 Jul 2024 | 11:02 AM IST

Truck rentals dip marginally, used truck prices jump in June: Report

Average price of used commercial vehicles saw a considerable rise across categories in June with 31 to 36-ton category

Updated On: 08 Jul 2024 | 1:09 PM IST

Will the Indian stock market tank post the Hyundai IPO? What history suggests

Back home, out of the last seven big IPOs to hit the Dalal Street (D-Street) since 2007, the Sensex has lost ground five times post the stocks of these companies debuted at the exchanges

Updated On: 21 Jun 2024 | 10:03 AM IST

Plans for Hyundai Motor India IPO boosts share price in South Korea

Hyundai has been locked in competition with rivals including Maruti Suzuki India Ltd. and Mahindra & Mahindra Ltd

Updated On: 17 Jun 2024 | 11:32 PM IST

Hyundai Motor, Suppliers Shares Rise in Seoul as India Unit Files for IPO

Hyundai has been locked in competition with rivals including Maruti Suzuki India Ltd. and Mahindra & Mahindra Ltd

Updated On: 17 Jun 2024 | 9:08 AM IST