Technical charts indicate the market appears poised to sustain its upward momentum going ahead. Technical analysts predict Nifty is likely to advance towards 22,600, followed by 23,000, with robust support at 21,920. They suggest stocks such as Oracle Finance, HDFC Life, Marico, Pidilite, ICICI Bank, Maruti, Cipla, Sun Pharma, Larsen & Toubro, PNB, HAL, and … Read more
Shares of Tata Motors on Tuesday rallied 7.9% as investors pinned hopes on better value discovery from the proposed demerger of its passenger vehicle and commercial vehicle businesses. Both Morgan Stanley and JP Morgan gave overweight ratings on the Tata stock which hit a fresh 52-week high of Rs 1,065.60. The stock is, however, already … Read more
Maruti Suzuki India is gearing up for a strong SUV push with at least six out of ten new models planned for the next three years starting FY25 being sports utility vehicles (SUVs), reinforcing the Japanese carmaker’s strong intent to sharpen focus on the vehicle body type amid a rapid shift in buyer preference. The … Read more
Maruti Suzuki India on Friday said it has reported a 15 per cent year-on-year increase in total wholesales at 1,97,471 units in February. The company had dispatched a total of 1,72,321 units in the same month last year, Maruti Suzuki India Ltd (MSIL) said in a statement. The total domestic passenger vehicle sales grew 9 … Read more
The overall demand for cars in India will continue downward trajectory in the upcoming financial year, even as SUV thirst is likely to push passenger vehicle (PV) sales to record high, a report showed on Monday. Sport utility vehicles (SUVs) are likely to propel overall PV volumes to record high at 5-7 per cent in … Read more
Indian market is likely to consolidate on Tuesday tracking mixed global cues. The Nifty future closed positive with gains of 0.32% at 22167 levels on Monday. India VIX moved up by 5.22% from 15.22 to 16.02 levels. Volatility slightly rose but created momentum for the bulls. Positive setup was seen in stocks like GMR Infra, … Read more
Indian market is expected to consolidate on Thursday tracking mixed global cues. The Nifty future closed positive with gains of 0.18% at 22019 levels on Wednesday. India VIX was down by 1.71% from 15.79 to 15.51 levels. Volatility cooled off and paved the way for the bulls but created swings within a range at higher … Read more
New Delhi: Maruti Suzuki India on Tuesday launched compact-format Nexa service workshops with plans to have 100 such outlets across the country by the end of next fiscal. Through this strategic move the auto major aims to bring the Nexa service experience to customers in non-urban centres, the company said in a statement. The first … Read more
Hyundai India launched its all-new Creta compact SUV on January 16, at a starting price of Rs 10,99,990. The new offering comes with three engine options — 1.5l Kappa Turbo GDi Petrol, 1.5l MPi Petrol and 1.5l U2 CRDi Diesel engine. It will have four transmission options including 6-speed Manual, IVT (Intelligent Variable Transmission), 7-speed … Read more
Biogas is the most viable fuel for small cars in India given the abundant availability of the bio waste in the country, RC Bhargava, chairman, Maruti Suzuki India, said. According to him, battery-powered vehicles at present have many limitations for users of small cars, including price and charging facilities, and are more suitable for those … Read more
