Page 11 - Auto Sector News Today

The industry also expects greater support for hybrid vehicles, lower GST on EV spares, and skilling initiatives for the EV workforce

Local Auto Part Production: Earlier, in Jan, the ministry had extended the tenure of the scheme for automobiles and components. “While the auto industry grows in India at a phenomenal speed, our government is focusing on fuel efficiency, security, road safety and reduction in carbon emission,” Pandey said during a virtual address at the symposium of international automotive technology organised by the Automotive Research Association of India (ARAI).

Amid a massive decline in sales, the profit-after-tax (PAT) of Honda Atlas Cars (Pakistan) Limited (HCAR) plunged...

Gadkari asked automakers to accelerate investment and expansion in alternative technologies like electric, hydrogen, flex fuel etc. to ensure they “do not miss the bus”. The manner in which automobile numbers are increasing, there’s a huge potential in the sector, he pointed out. “Till four years ago, everyone had apprehensions about EVs. That’s no longer the case,” said Gadkari. Companies that were not forthcoming enough in their decision to invest in EVs are...

If one looks at the history of the stock market, the rallies which are led by the transportation and auto sector are more durable rallies. Especially the ones which are led by large commercial vehicles. The reason, sales of LCV and certain other auto segments is an indication of the economic situation on the ground. Demand for large commercial vehicles would only increase when there is higher economic growth as more goods get moved from one place to another when the economy is doing well. But as...

Car companies saw their sales decline significantly – 66% down in December 2023 when compared to sales in December...

Morgan Stanley has an overweight call on the counter, with a target price of Rs 890 a share, an upside of 10 percent from the current level

Rohit Srivastava says: The PSU Bank Index has been one of the most robust parts of this month. So far today it is holding the 20-day average and you cannot rule out that it will attempt to go higher in the next couple of days. But the more this segment goes up, the more it is getting to a point where one would want to take a slight backseat on PSU banks.”

ISLAMABAD: The country’s auto sector has opposed the government’s plan to provide electricity at special rates ...

Srivats Ram says that Indian companies have benefitted a lot from the China-plus-one opportunity. The de-risking momentum, he says, is just starting to pick up steam and there is more excitement ahead