Balrampur Chini, Tata Motors and ICICI Lombard are top 3 stock ideas of the week from Rupak De, Senior Technical Analyst, LKP Securities. “Balrampur Chini has given a swing high breakout on the weekly chart, suggesting a rise in optimism. The weekly RSI is in bullish crossover with an indication of strong price momentum. Over … Read more
MUMBAI: Automakers are in the process of tweaking the design, shapes and body styles to inject freshness into SUVs, which after topping the sales charts for several years are now facing sluggish demand. A body style that is finding favour with several of them is coupé, with Citroen and Tata Motors already launching SUVs with … Read more
New Delhi: Car discounts have doubled from August last year and are likely to stay high through the festive season, till end of December, as carmakers and dealers rush to liquidate a huge pile-up of inventory amid slowing sales. From market leader Maruti Suzuki to Hyundai, Tata Motors, Skoda and Honda – they are all … Read more
In a first, Maruti Suzuki has started preparations for reporting its monthly sales based on vehicle registrations, shifting from the current practice of announcing factory despatches to dealers every month, said people aware of the development. India’s largest carmaker plans to report sales data based on its vehicle registrations on the Ministry of Road Transport … Read more
Ace investor late Rakesh Jhunjhunwala, often referred to as the Big Bull of Indian stock markets, passed away 2 years ago on this day and as investors remember him today on his second death anniversary, his investment philosophy will continue to inspire them. Jhunjhunwala died at the age of 62 in 2022 because of kidney … Read more
Sales of passenger vehicles fell for the first time in more than two years in July on a high base worsened by sluggish demand and inventory glut at dealerships. Two-wheelers however grew in double digits, and three wheelers in low single digits, helped by steady recovery in rural demand, on a low base. Passenger vehicles … Read more
New Delhi | Kolkata: India needs to raise its game quickly and look beyond production-linked incentive (PLI) schemes to establish itself as a global manufacturing powerhouse and create millions of new jobs, say experts. Time, they say, is ripe for the next wave of big-bang policy measures from the government to ensure that India’s efforts … Read more
Tata Motors expects demand to remain sluggish in overseas markets this fiscal while pinning hopes on a gradual bounce back in the domestic market on the back of new launches and the upcoming festive season. Earlier this month, the Mumbai-based automaker reported a consolidated net profit of Rs 5,566 crore and total income of Rs … Read more
New Delhi: India is set to host one of the largest mobility expositions in the world with as many as 28 automakers from homegrown Tata Motors to Maruti Suzuki, Japan’s Toyota Motor Corporation (TMC) and China’s BYD set to take the covers off a slew of vehicles, many in the electric vehicle segment, at the … Read more
Mumbai: Electric car market leader Tata Motors has increased discount on its Nexon.ev range by up to ₹60,000 to arrest sluggish sales, according to a communique the company sent to its dealers on Thursday. The discount takes effect within months of the price reduction of up to ₹1.2 lakh announced on the Nexon.ev range and … Read more
