The consultations would include bettering operations and improving efficiency for the passenger vehicle market
588 stocks advanced and 1172 declined while 351 remained unchanged on the NSE. On the BSE, 822 stocks advanced, 1516 declined and 141 remained unchanged.
The top losers from the auto space are Tata Motors and Tata Motors DVR which tanked over 5 percent each followed by Bajaj Auto, Hero MotoCorp, Maruti Suzuki, Motherson Sumi Systems, TVS Motor Company, Eicher Motors and Ashok Leyland.
Most sectors have given a huge move on the upside, thanks to the multiple signs of support, either on price or momentum or both. The auto sector seems to be leading the pack
Liquidity crisis, regulatory issues, stricter emission norms, rising fuel prices, higher insurance cost and weak consumer sentiment won’t change overnight
Get ready for bumpier days ahead for Indian auto as the automaker switches lane
Market leader Maruti has just driven the first nail in the coffin. Other car makers may just follow suit
If the company goes ahead, this will be the first of its kind move as Maruti has not outsourced the production outside the Suzuki fold till now.
The top Nifty gainers include Tata Steel, JSW Steel, Cipla, GAIL India and BPCL while Tata Motors, Maruti Suzuki, Grasim Industries, Kotak Mahindra Bank and IndusInd Bank are the top losers.
The top Nifty gainers include GAIL India, ITC, Maruti Suzuki, Cipla and Adani Ports while IOC, Indiabulls Housing, Bharti Airtel, Bajaj Finance and Larsen & Toubro.
The breadth of the market favoured the advances with 967 stocks advancing and 700 declining while 418 remained unchanged. On the BSE, 1308 stocks advanced, 1005 declined and 161 remained unchanged.
The alliance will help Maruti to avoid an existential crisis that it may face as soon India gets ready for for electric mobility.
The top Nifty gainers included Indian Oil Corporation, Kotak Mahindra Bank, HPCL, Reliance Industries and Adani Ports while the top losers included Maruti, Grasim Industries, Hero Moto, ONGC and Eicher Motors
Though the company has not announced any plans of launching the Ertiga Sport in India, it can be expected to hit the Indian streets in the coming months.
The auto major posted a 36.4 percent decline in EBITDA on the back of a decline in volumes and significant rise in raw material and other expense
The breadth of the market favoured the declines with 488 stocks advancing and 1184 declining while 389 remained unchanged. On the BSE, 780 stocks advanced, 1646 declined and 162 remained unchanged.
Maruti Suzuki India's compact sedan Dzire has become the best-selling passenger vehicle model in the domestic market during the April-November period this fiscal, overtaking the company's small car Alto, according to SIAM data.
Investors will be better off not to touch high beta names until some clarity emerges with respect to General Elections 2019
Car safety watchdog, Global NCAP conducted crash safety tests on Indian cars and these vehicles passed the inspection in flying colours.