Page 9 - Auto Sector News Today

KARACHI: The local automobile industry, already grappling with myriad of challenges, is now being severely impacted...

Ambassador of Japan to Pakistan, H.E. Mitsuhiro Wada, on Tuesday discussed issues being faced by Japanese automakers...

Feb24 dispatches exceeded expectations for all segments, except tractors. PV wholesales grew 17% YoY, led by healthy demand in UVs. 2W domestic wholesales increased 21% YoY. CV volumes remained flat YoY. Tractor demand remains challenging. The PV and 2W segments are expected to perform well.

LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has voiced serious...

Mrinal Singh, CEO & CIO of InCred AMC, discusses the challenges of investing in the Indian market due to expensive valuations. He highlights the potential for growth in rural areas, the building material sector, and the auto sector. He also expresses interest in the housing and MSME segments of the financials sector, as well as the healthcare sector.

In a key development for the country’s auto sector, Indus Motor Company Limited (INDU) announced that its board has...

Indus Motor Company (IMC) reported on Thursday a profit of Rs4.96 billion for the half-year ended December 31, 2023,...

Sumit Agrawal, Fund Manager at Bandhan AMC, discusses the changes in exposure in various sectors. They have reduced exposure to large private sector banks and moderated exposure in the IT sector. They continue to be overweight in the auto sector, especially two wheelers and two wheelers related OEMs. They are also overweight in the pharma sector, particularly domestic pharma.

Producers of lithium and nickel have paused projects after prices collapse and momentum slows for electric-vehicle sales.

Indian equity markets ended the week on a high note with the frontline indices garnering over a percent amid strong macro-economic data.