Auto Sector

India’s auto industry is gearing up for an early festive boost after the GST Council rolled out sweeping tax cuts on small cars, SUVs, two-wheelers, tractors, and commercial vehicles. Analysts expect the move to trigger a 5 to 10 percent surge in demand and reset growth expectations across the sector

Exclusive: Ashwini Vaishnaw likens RMG to drug menace & Nitin Gadkari calls out petroleum lobby | MC Editor's Picks

Tune in for two Moneycontrol exclusives with Union Minister for Electronics and IT Ashwini Vaishnaw and Union Minister for Road Transport and Highways Nitin Gadkari. Vaishnaw talks about the road ahead post the ban on real money games and Gadkari addresses a wide range of topics from economic reforms, issues in the auto sector and the Bihar electoral roll revision. Also inside: RBI to go steady on rate cuts, Sebi heat on influencers, Walmart’s profits squeezed by investments & more.

India for stricter Rules of Origin in auto sector under India, UK trade agreement

Commerce Secretary Sunil Barthwal said the 'Rules of Origin' have to be such that they do not impact the Indian automobile sector negatively.

In Budget 2024, catalysts introduced to augment growth for auto sector

India's auto sector has received a major boost from the government's recent policies which focus on encouraging local manufacturing and lessening regulatory constraints

No major direct sops for auto sector in Budget 2024

However, Budget 2024 did continue allocations for the FAME and PLI schemes and lower duties on critical minerals can help lower cost of indigenously-made batteries for the EV market 

Economic Survey 2024: Auto PLI schemes attract Rs 67k-crore investment, FAME-II and ACC battery storage policy to boost industry

The automobile industry was helped by multiple government schemes in the fiscal year 2024 (FY24) during which the country produced around 49-lakh passenger vehicles, 9.9-lakh three-wheelers, 214.7-lakh two-wheelers, and 10.7-lakh commercial vehicles; the survey pointed out.

Budget 2024: Auto sector foresee key policy measures to drive growth, innovation and sustainability

Auto sector is keen on the government’s long-term roadmap on EV adoption, promoting domestic value addition, supply chain challenges, R&D, infrastructure development, etc

M&M, JSW in talks with Skoda Auto for potential partnership

One of the two Indian conglomerates may acquire a 15-20% stake in Skoda Auto Volkswagen’s Indian operations. The partnership is expected to boost Skoda’s distribution network and production capabilities in India

Passenger vehicles wholesales clock record 3,93,074 units in January, up 14%

Two-wheeler wholesales rose 26 per cent to 14,95,183 units last month as compared with 11,84,376 units in January last year.

Budget 2024: Auto cos seek continued push to green mobility, infra development

Firms urge ongoing support for green mobility in the upcoming budget, emphasizing infrastructure development. Interim budget presentation by Union government on February 1.

Interim Budget 2024: Auto industry seeks policy consistency, focus on EV

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

Auto index rides on record festive sales to hit all-time high of 39,775

Auto sector are buoyant, as festive season sales increased by 19 percent compared to the previous year

Mercedes, Audi see record sales in festive season this year

The 89-day festive period this year between August 17 and November 14 saw overall passenger vehicle retail sales cross the 10 lakh mark. The 71-day festive season last year had witnessed sales of around 8.10 lakh units.

Auto sector Q2 preview: Revenue, profitability to jump on high prices, margin boost

The approaching festive season, price stability across various segments, enhanced consumer sentiment in both rural and urban areas leading to increased demand for discretionary products, and a favourable low base effect in certain segments is expected to aid the sector

Israel-Hamas conflict to have no immediate impact on Indian auto industry: SIAM president Vinod Aggarwal

India's auto sector, owing to its limited trade exposure with Israel, seems, for now, safe, at least as long as the conflict is being contained, the SIAM president added

What's the connection between the UAW strike in the US and India's auto sector?

The strike is not just about wages but also protecting employment in the wake up of an inevitable shift to battery-powered electric vehicles from internal combustion engine vehicles

M&M shares gain as June sales outgrow brokerage estimates

Total auto sales in CY23 stood at 62,429 units up 15.4 percent compared to the previous year, Mahindra & Mahindra said.

Ashok Leyland expects 8-10% growth in commercial vehicles this fiscal

Ashok Leyland Chairman Dheeraj G Hinduja, addressing the shareholders in the company's annual report, says the company is making good progress in alternate propulsion development.

Small Is Big: The action lies in high quality smallcaps now

Market expert Aishvarya Dadheech says small-cap valuations are more attractive than large-caps and mid-caps, and suggests capital goods, auto & auto ancillaries, and FMCG as key themes to invest in

MC Review: HDFC MF’s new consumption-themed fund comes with a twist. Will it work?

For investors taking exposure to consumer funds, an existing scheme with proven track record and known portfolio construction would make better sense. Also, it is unclear how eliminating cyclical consumption themes would improve performance and reduce volatility in the fund.

Will HDFC MF’s new scheme revive the interest in consumer sector funds?

In the HDFC Non-Cyclical Consumer Fund, sectors such as FMCG, consumer durables, consumer services and healthcare services are part of the theme, while automobiles, power and realty are relatively more cyclical and, hence, excluded

Renaissance Investment's Pankaj Murarka is bullish on new age tech, hotels sectors thriving post Covid

Pankaj remains positive on Indian equities, emphasising the importance of cautiously investing only in quality companies within mid caps and small caps.

PSU index keeps scaling new highs, auto posts strong performance: Marathon Trends' Atul Suri

Talking about the top sectors to look out for, Suri mentioned that electrical equipment space, defence, hotel and auto stocks are the sectors that are leading things ahead and are all at life-time highs

Banks posted strong results but profitability may be at a peak, says Emkay Global's Karwa

While Karwa expects strong numbers from passenger vehicles on the back of new product launches, he anticipates a slowdown in terms of commercial vehicles

CEAT zooms on 5x rise in Q4 profits, surprise gross-margin growth

Analysts believe that raw material price correction helped margins. Gross margin expanded to 40.1 percent in the March quarter, increasing 658 basis points from the year-ago period and 556 bps from the December quarter