The preference for premium products in the domestic market will benefit the company
The company’s prospects are promising, but stock valuation offers limited upside for now
PV and 2W segments record strong growth, but CVs and tractors are stuck in a slow lane
Bajaj Auto's total sales are likely to have risen 25% to 3.51 lakh units and TVS auto sales may have increased by 30% to 3.14 lakh units in December.
The Nifty Auto index was trading at 17,555, up 0.5 percent from the previous close, a new lifetime high.
MD & CEO of VECV Vinod Aggarwal has said in the domestic heavy commercial vehicle industry, tractors account for 20 percent of the market, tippers would be around 25 percent, and multi-axles another 20 percent
It’s a machine for those who take life at a measured pace, and the engine’s performance proves this. Power and torque build smoothly and with commendable refinement, and the engine never feels stressed even if you cruise all day long at 100 kph.
Positive performance discernible across product segments
Eicher’s commericial vehicle sales jumped to 7,198 units in September, up 8.6 percent from the same month of the previous year
The aggressive rejig of portfolios and pricing strategies by global motorcycle brands Harley and Triumph in Indian markets is set to dent RE’s market share
The outlook is encouraging on the back of premium products and other factors
Abhishek Gaoshinde of Sharekhan believes that the two-wheeler space will experience intense competition going forward.
Tractors and two-wheelers should do well going forward as monsoon advances across the country
DHL had filed the insolvency plea in 2022, claiming that Eicher had not paid dues worth Rs. 8.3 crore in accordance to the terms of the service agreement the two parties entered into in August 2019, regarding warehouse for storing certain goods.
The market closed marginally higher, with the Sensex up 123.38 at 62,027.90 and the Nifty gaining 17.80 points at 18,314.80. About 1,650 shares advanced, 1,859 declined and 129 remained unchanged
The Royal Enfield maker's consolidated net profit for March quarter came in at Rs 905.58 crore, up 48.42 percent from Rs 610.14 crore in the same quarter of the previous financial year
Volumes register good growth in fourth quarter, EBITDA margin expands
Goldman Sach has initiated coverage on Eicher Motors and Ashok Leyland
Aligned with the Government’s vision for sustainable, efficient and affordable logistics, Volvo and Eicher are committed to the rapidly modernizing Indian logistics ecosystem through application-specific alternate fuels & smart support solutions
In the upcoming Budget, the CV major expects the government to continue with its growth-oriented approach in order to capitalise on the growth potential in the economy.
Demand for 2W and tractors likely to be strong on the back of a rebound in rural economy
PV and 2W do well but uneven rains play spoilsport for tractors
One of the big concerns for the industry is the continued supply-side shock because of the shortage of semiconductor chips
The automobile industry continued to remain weak in February 2022. Segments that are focused on the rural sector, such as two-wheelers and tractors, were the worst performers, while the economy-facing segments, such as commercial vehicles (CVs) and three-wheelers, did very well
Two-wheelers and the tractor segment continue to underperform in January while there’s a slight uptick in the month-on-month (MoM) numbers for passenger vehicles (PV) with improved availability of semiconductor chips