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The company has secured multiple new programmes during the quarter. These wins reinforce Gabriel’s long-established position with marquee OEMs and strengthen its near-term revenue visibility.
Auto stocks: The India-EU FTA will provide EU carmakers greater access to Indian PV market, which is the third largest globally in terms of volume just behind US and China, PL Capital said.
India plans to cut tariffs on European Union car imports to 40% from as high as 110% as the two sides near a free‑trade pact that could be sealed as early as January 27, a report said
Auto stocks: The recent fall in the auto stocks reflects near-term profit booking and demand concerns, rather than a structural breakdown of the sector, an analyst said.
Auto stocks: Mahindra & Mahindra's sales of utility vehicles grew 23% YoY to 50,946 in the domestic market, while that of commercial vehicles rose 34% YoY to 24,786 in the month of December.
Auto stocks: Nuvama expects double-digit year-on-year growth in auto sales volumes across categories for December.
Auto stocks: Auto stocks have been losing value for the fourth consecutive session as they are the main victims of sustained pressure following demand worries and broader market risks, an analyst said.
India’s auto sector is coming off a blockbuster festive season, with GST cuts and price reductions powering strong year-on-year growth in November. But a sharp month-on-month dip has raised fresh questions on whether the demand surge is sustainable.
The next two months will determine whether demand holds up as the sector steps into its post-GST reality, say experts
Despite robust September sales fueled by festive demand and GST cuts, auto stocks came under selling pressure on October 3, with the Nifty Auto index slipping after a two-day winning run.
Auto dealers saw increased footfalls as buyers thronged dealerships in large numbers on September 22 to buy vehicles with lower price tags under the new GST regime
Abakkus founder backs discretionary names, pharma, chemicals and engineering over pricey consumer staples and autos
While the GST tax cut is expected to revive affordability and volumes at home, analysts warn that global headwinds, particularly from the US and Europe, could keep export oriented auto ancillary players under pressure
Auto stocks: Brokerages says the recently announced GST reforms will boost the sector.
Mutual funds raised allocations to autos for the second straight month in August, lifting sector weight to a 10-month high, aided by GST cuts and improving demand outlook. While tech made a modest comeback, private banks and healthcare saw allocations trimmed
Tax cuts likely to spur demand in cars, cement and durables, but stretched valuations keep fund managers selective
Auto shares climbed sharply on September 4 after the GST Council slashed taxes on small cars, SUVs, motorcycles, commercial vehicles, and tractors.
Shares of Mahindra & Mahindra were among those that led the losses on the index by falling 2%, thus extending their losses in four consecutive sessions to 6%
Hero MotoCorp, Eicher Motors, Bajaj Auto, and Maruti Suzuki were the top gainers on the index. Tata Motors and M&M kept the index in the red.
Bosch is planning to strengthen its competitive position in the mobility sector and industrial technology. It is actively adding new components, particularly those catering to EVs and advanced electronics.
Auto stocks: The sharp rally in the share prices pushed the Nifty Auto index up more than 1.5 percent, emerging as the top sectoral gainer on the market today.
Forays into new segments like sunroof, inorganic and organic strategies show the company’s confidence in the future.
Trump said he will impose an additional 10% tariff with no exceptions on any country aligning itself with what he called the 'Anti-American policies of BRICS'. India is a key member of BRICS.
Nifty Pharma index has extended gains for the 10th consecutive session. Nifty Auto index meanwhile extended gains for the third straight day.
Auto stocks: The sharp fall in the share prices pushed the Nifty Auto index down nearly 1 percent to hover around 23,466 in the afternoon.
