Domestic markets experienced a breather on Tuesday after the recent decline, gaining over a percent, driven by strong global cues. In today’s trade, shares of LIC, RVNL, BSE, Hindalco, Tata Motors, Eicher Motors among others will be in focus due to various news developments and first quarter results. LIC, Eicher Motors, RVNL, SAIL, MRF and … Read more
Tata Motors on Wednesday launched the electric vehicle SUV Curvv.ev, in a bid to further strengthen it’s dominance in an emerging electric vehicles market in India. The Tata Curvv EV, priced from Rs 17.49 lakh to Rs 21.99 lakh, will compete with the MG ZS EV, which falls within the range of Rs 18.98 lakh … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty Future closed negative with losses of 2.50% at 24,094 levels on Monday. India VIX was up 42.63% from 14.40 to 20.42 levels. On the options front, the maximum Call OI is placed at 26,000 and then towards 25,000 strikes while … Read more
Mumbai: Sluggish sales and high dealer inventory have not stopped carmakers from gearing up for a major product offensive in the upcoming festival season. As many as 20 new passenger vehicle models – including 12 entirely new offerings – are set to hit Indian roads by October end, with automakers pinning their hopes on the … Read more
US carmaker Ford is considering re-entering the Indian market with a new strategy focused on electrics and sustainability. CEO Jim Farley and the global team at Ford’s headquarters are set to review a feasibility report regarding this potential re-entry. The company exited India in 2021 but is now preparing for the possibility of new investments … Read more
Hyundai, Kia Motors, Tata and Mahindra are lobbying India’s most populous state not to offer incentives for hybrid cars, saying the move – set to help rivals Toyota and Maruti Suzuki – would hit targets on adopting electric cars and investment plans. Four separate company letters to Uttar Pradesh, seen by Reuters, highlight the rivalry … Read more
Shares of auto major Tata Motors on Friday fell around 4.7% to the day’s low of Rs 1,090 on BSE after as margins in the passenger vehicles segment came in lower than expected in the Q1 results. Brokerages, however, have given target prices going beyond Rs 1,300. Global brokerage firm UBS, which maintained a sell … Read more
India’s top three carmakers by sales, on Thursday, reported a drop in car sales to domestic dealers in July as pent-up demand from last year began to taper off. Hyundai Motor India’s sales to dealers dropped 3.3% in July, the first decline in the fiscal year that started in April. Tata Motors’ sales slid by … Read more
Auto giant Tata Motors after releasing quarterly results on Thursday said that it is expecting the global demand to remain muted, with gradual improvement in domestic demand during the rest of the year. The confidence comes after the auto major observed a dip of 11 per cent in domestic sales for the month of July. … Read more
New Delhi: Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales data only later … Read more
