Aug 02, 2022 10:30 AM IST

Two-speed journey for auto sales in July

PV and 2W do well but uneven rains play spoilsport for tractors

Tata Motors sees 185% surge in sales volume, Maruti Suzuki reports highest-ever exports in May

Tata Motor's domestic sales surged 204 per cent year-on-year as it sold 74,755 vehicles in May 2022, while Bajaj Auto reported a marginal growth in its total vehicle sales at 2,75,868 units as against 2,71,862 vehicles in the year-ago period.

Neutral Escorts; target of Rs 1740: Motilal Oswal

Motilal Oswal recommended Neutral rating on Escorts with a target price of Rs 1740 in its research report dated May 14, 2022.

Hold Escorts; target of Rs 1840 : ICICI Direct

ICICI Direct recommended hold rating on Escorts with a target price of Rs 1840 in its research report dated May 16, 2022.

Decent results by Escorts; outlook improves on normal monsoon forecast

he company’s strong position in the domestic market and new products make us confident about its business. Further, its valuation -- 20.1 times FY24 projected earnings -- is at a reasonable level.

Escorts Consolidated March 2022 Net Sales at Rs 1,878.51 crore, down 15.71% Y-o-Y

Escorts Standalone March 2022 Net Sales at Rs 1,861.44 crore, down 15.79% Y-o-Y

Escorts lines up Rs 400 crore capex for FY23; eyes higher exports of electric tractors

Apart from creating the capacity line for the new products, the capex will also cover vendor capacity expansion

Escorts Q4 Result | Firm's net profit falls 29% YoY to Rs 190 crore

Revenue for the quarter fell 16% year-on-year to Rs 1,879 crore. EBITDA margins slumped by 252 basis points to 13.1% from 15.6% a year ago.

Meet this week’s Tactical Pick, a low-risk, high-reward choice

Tractor demand expected to be strong; stock valuation at reasonable level

Escorts Q4 PAT may dip 36.7% YoY to Rs. 168 cr: ICICI Direct

Net Sales are expected to decrease by 20.1 percent Y-o-Y (down 9.8 percent Q-o-Q) to Rs. 1,766 crore, according to ICICI Direct.

Rakesh Jhunjhunwala sells stake in Escorts, stock price falls

The name of Rakesh Jhunjhunwala, who held a 5.68 percent stake as of December 31, is missing from the list of individual shareholders holding 1 percent or more, Escorts’s shareholding pattern for Q4 FY22 shows

Automakers see some light at the end of the tunnel

The automobile industry — especially the two-wheeler and the tractor segments — is showing early signs of a pick-up in demand. The commercial vehicle (CV) segment continues to do phenomenally well, driven by the opening up of the broader economy

Automakers move in a low gear, yet again

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

Buy Escorts; target of Rs 2200: ICICI Direct

ICICI Direct is bullish on Escorts has recommended buy rating on the stock with a target price of Rs 2200 in its research report dated February 09, 2021.

Escorts Consolidated December 2021 Net Sales at Rs 1,984.28 crore, down 2.84% Y-o-Y

Escorts Standalone December 2021 Net Sales at Rs 1,957.49 crore, down 2.97% Y-o-Y

Automakers start the year on a soft note

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

CCI approves acquisition of equity in Escorts by Kubota Corporation

The transaction involves Kubota’s acquisition of certain additional equity shares of Escorts by way of preferential allotment and a mandatory tender offer in compliance with the Securities and Exchange Board of India’s norms, according to a statement.

BHEL joins as sixth stock on F&O ban list of NSE for today

F&O Ban List | Derivative contracts in these six securities crossed 95 percent of the market-wide position limit and hence they are on the ban list, the NSE said.

Auto Q3 Preview | Commercial vehicles may hog limelight in subdued quarter for PVs, 2Ws, tractors

The continuing chip shortage and higher input costs may have hurt operating costs for auto companies, although price increases could have offset some of the pressure on them

Automakers end year on a mixed note

Auto manufacturers posted a mixed set of wholesale monthly numbers for December 2021. The easing of semiconductor chip shortage has helped passenger vehicle (PV) manufacturers post growth on a month-on-month (MoM) basis

Escorts records 39% decline in tractor sales in 2021

Rural cash flows started to improve, but industry wholesales were impacted in December 2021 due to high base last year, the company says

Automakers face challenges galore

Auto manufactures continue to remain under pressure as is evident from November 2021 wholesale numbers. Most of the segments have reported a significant decline on a month-on-month (MoM) basis

Escorts reports 30% dip in November tractor sales at 7,116 units

The company had sold 10,165 units in the same month last year, Escorts said in a regulatory filing.