“The situation was never as good in the Indian aviation market as it is today because there are effectively only two large players, Vistara Air India combined and InterGlobe Aviation,” says Sandip Sabharwal, asksandipsabharwal.com.Let us get stock specific then and get in your take on the entire chemical sector, brokerages are of the view that … Read more
“We do not have any of the wire and cable stocks, but I think Finolex I have tracked and recently prior to the results and subsequent to management commentary, obviously it has done very well. So, the entire space is doing well in terms of volume growth and it has actually been leading the entire … Read more
“Few percentage point here and there does not matter as much as certainty does. So, outcome after elections, a good budget, both would have a positive impact,” says Prateek Agrawal, MD & CEO, Motilal Oswal Asset Management Company. I am looking at the market positioning, what FIIs have done, what DIIs have done, what the … Read more
Auto parts maker ASK Automotive on Wednesday said it has entered into a joint venture pact with Japanese auto components supplier AISIN Group Companies in the passenger vehicle space. As part of the collaboration, the two partners will market and sell the auto components in “independent after markets for passenger car production”, ASK Automotive said … Read more
The Ministry ofHeavy Industries on Monday issued a Gazette notification to extend the tenure of Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with partial amendments to provide clarity and flexibility to the scheme. “This decision has been made after receiving the approval of the Empowered Group of Secretaries (EGoS),” … Read more
The centre has extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by a year. A statement from the Ministry of Heavy Industries (MHI) said this decision has been made after receiving the approval of the Empowered Group of Secretaries (EGoS). These amendments aim to provide clarity and flexibility to the scheme. … Read more
The auto component industry is looking to invest around USD 6.5 to 7 billion over the next five years on capacity expansion and technology upgradation, with the demand expected to remain robust over the period. The industry, which recorded a 12.6 per cent year-on-year revenue growth in the first half (April-September) of the current fiscal … Read more
India’s love for larger, feature-rich vehicles, coupled with efforts being undertaken by stakeholders to deepen localisation, is turning into a boon for local autos parts makers with component sales in the country surging to a whopping $ 36.1 billion in the first six months of the current financial year. An increase in value of sales … Read more
