Page 41 - Auto Sector News Today

Tata Motors shareholders approve hiving off passenger vehicle business into new entity SECTIONS Last Updated: Mar 08, 2021, 02:17 PM IST Share Synopsis On March 5, the shareholders of the company voted to consider and approve the transfer of the passenger vehicles business unit to TML Business Analytics Services Ltd as a going concern on a slump sale basis for a lump sum consideration. Getty Images Tata Motors on Monday said its shareholders have approved hiving off its passenger vehicles busin...

‘Schemes should not hurt exporters’

Mahindra Auto Sector sells 28,777 vehicles in February

Auto Industry body, SIAM to meet Nitin Gadkari tomorrow on discussions related to CAFE norms, and BS VI-2.

Elixir Equities. Are you concerned about high valuation multiples of FMCG stocks as raw material costs going up as well? If that is coupled with higher inflation, how will it impact some of the consumer names? Sure, that is certainly a headwind for the FMCG sector. It is also true for a whole host of consumer facing businesses -- be it automobiles or appliances and even building materials. They are all going to be impacted by higher increases in raw materials, especially basic materials. But th...

Murugappa Groups Tube Investments India (TII) has said that it partnered with a Korean firm to design electric three wheeler. The Rs 38,000 crore Murugappa Group intends to enter complete automobile manufacturing through its group company TII, which is planning to make and sell electric three-wheelers. During an analyst call, Vellayan Subbiah, managing director, TII said that the company will start manufacturing and selling electric three wheelers by December to January time-frame. The techn...

ET Economy NEWS Powered by India’s recovery will be led by sectors such as ferrous and non-ferrous metals, auto and textiles: Moody’s and ICRA SECTIONS India’s recovery will be led by sectors such as ferrous and non-ferrous metals, auto and textiles: Moody’s and ICRABy Share Synopsis "A rising preference for personal mobility vehicles, along with the governments new voluntary vehicle scrappage policy, will support automobile demand. In the housing s...

Read more about Japans Suzuki Motor bets big on India for its record sales target on Business Standard. Intends to sell 3.7 mn units globally by 2025, with 67% contribution from Asia

Dilip Piramal said that VIP Industries result disappointed due to Covid pandemic. Q1 FY21 sales were down 94% when compared to Q1 FY21, Q2 FY21 sales were much better when compared to Q1 FY21 as sales improved from 6% in Q1 FY21 to 25% in Q2 FY21 and further improved to 55% in Q3 FY21. Q4 FY21 is expected to be better than Q3 FY21.

Read more about Margin pressures may offset volumes gains for Schaeffler on Business Standard. Higher content per vehicle, steady aftermarket and exports are growth drivers