Page 13 - Auto Sector News Today

CLSA said auto stocks are fairly valued led by a sharp rally in the stock price. "Recovery in volume growth seen in the two-wheeler segment. Affordable Electric 2-W are likely to come as a drag in margins. Expect premium motorcycles to grow faster,” said the note.

Indus Motor Company (IMC) lined-off the 4th generation Toyota Corolla Cross Hybrid Electric Vehicle (HEV) at a...

Development follows intention of PSMC's majority shareholder to buy back nearly 22.15mn shares

Amid a decline in demand and the inability to procure much-needed raw material, various companies in the auto sector...

Domestic brokerage house Motilal Oswal stated that it has shifted focus towards 2Ws amid the initial PV slowdown. Moreover, MHCVs (medium and heavy commercial vehicles) remain stable, it added.

The September-quarter earnings season was a mixed bag with muted topline growth and zooming profits. The bottomline growth was thanks to ebbing cost pressures and recovering margins

“Real estate is one of our favourite sectors in the market. Demand for housing is extremely strong, even at these elevated rates of interest. Were witnessing more sales compared to launches and thus, residential inventory is at a decade low."

ISLAMABAD: The government is considering revalidating import quotas of new entrants till June, 30, 2023 in the light...

The equity portfolio value of FPIs for the auto sector rose 40% to $43 billion year-to-date while their total equity AUM increased by 13% to $655 billion. FPIs have invested $2.8 billion so far in 2023 in the auto sector, accounting for a quarter of their total inflows.

BYD, a Chinese auto conglomerate and the world’s largest electric vehicles (EVs) manufacturer, has expressed its...