Automobile / Bloomberg Quint
BJP's Delhi election promise says that the capital's youth will be given financial assistance of Rs 15,000 for competitive examinations including reimbursement of two-way travel and application fees.
Among auto OEMs, Motilal Oswal's top picks are Maruti Suzuki, Hyundai, and M&M and Endurance, Samvardhana Motherson International, and Happy Forgings in auto ancillaries.
According to the company, its new buses have modular battery packs to suit different routes and power saving.
JSW MG Motor India, a JV between SIAC and JSW Group, has exhibited new-age technologies as its competencies in CASE (Connected, Autonomous, Shared, and Electric) technology.
Saathi is built on advanced LNT technology, with 45 HP and torque 110 Nm (newton meters) and has 24% larger loading area with a payload capacity of 1,120 kg.
The Sierra ICE SUV is expected to compete in the compact SUV segment, against rivals like the Hyundai Creta, Maruti Suzuki Grand Vitara and Kia Seltos.
While bookings for Kia's 2025 EV6 are now open, the official pricing will be announced in March.
Hyundai India has sold a total of 11 lakh Creta SUVs since launch in mid-2015, including 1.87 lakh units last year.
MapmyIndia will utilise the Qualcomm Technologies' Snapdragon Auto Connectivity Platform to develop telematics solutions to meet the needs of Indian automakers.
The Maruti Suzuki eVitara will be manufactured at Suzuki Motor Gujarat for exports globally. In India, the midsize SUV goes up against the likes of the Creta Electric and the Tata Curvv.
More than 500,000 visitors are likely to visit Auto Expo 2025 from 17-22 January. Electric cars by Maruti Suzuki, Hyundai India, Tata Motors and Mahindra are the standout launches.
Nomura has advised being selective. Among its top picks are Mahindra and Mahindra, followed by Hyundai.
Ahead of its listing, Quadrant Future Tek IPO GMP was recorded at Rs 110 as of 5:43 p.m. on Jan. 13, implicating a listing gain of 37.93% over the issue price.
The object of forming two subsidiaries is to deal in and manufacture vehicles run by electricity, batteries or otherwise and their components.
The grey market premium on Delta Autocorp IPO was Rs 125 as of 8:29 a.m. on Jan. 10 indicating a listing gain of 96.15%, with the listing price being Rs 255 apiece.
Axis Securities prefers Eicher Motors, Maruti in the OEMs; and Endurance Technologies, Sansera Engineering in the auto ancillary space.
Nifty closed at 23,526.50, down 0.69% or 162.45 points and Sensex ended at 77,620.21, 0.68% or 528.28 points lower.
Here are the analyst calls to watch out for on Thursday.
The Grey Market Premium (GMP) for the Delta Autocorp IPO stood at Rs 116 as of 7:57 a.m. on Jan. 9
Bajaj Auto's share has fallen consecutively for four consecutive months (including January till date). From its September close, it is trading 29% down.
Maruti Suzuki is DRChoksey's top stock pick in the sector, benefiting from rural recovery and an attractive valuation.
Q3 FY25 Results Preview - In large caps Motilal Oswal lists ICICI Bank, Airtel, Sun Pharma and in mid caps bets on Angel One, Coforge, Cummins among others as its top stock picks.
The Laxmi Dental IPO worth Rs 698.06 crore consists of a fresh issue of shares worth Rs 138 crore and an offer for sale of shares worth Rs 560.06 crore.
The Grey Market Premium (GMP) for the Delta Autocorp IPO stood at Rs 110 as of 7:31 a.m. on Jan. 8, as per InvestorGain.
For the period FY25-27, Jefferies forecasts a compound annual growth rate of 13-15% for two-wheelers and tractors.
The CCI has also approved Gentari Renewables India Pvt.'s proposed acquisition of 21 special purpose vehicles.
Currently Bajaj Auto's stock is trading at a core PE of 23 times at FY27 numbers which Nirmal Bang believes is providing a good entry point given the favorable risk reward.
The Grey Market Premium (GMP) for the Delta Autocorp IPO stood at Rs 110 as of 5:04 a.m. on Jan. 7, as per InvestorGain.
Stocks To Buy: Among ancillaries, Motilal Oswal prefers Motherson International, Happy Forgings.
With good traction in its business, ORIX expects 30-35% higher profit this fiscal year compared to the last year,
Tata Motors had claimed Rs 142 crore in incentives on eligible sales worth Rs 1,380.24 crore in fiscal 2024, according to persons in the know.
Bajaj Auto's December sales fell short of estimates, with a dip in two-wheeler sales. However, the company sees strong growth potential in the electric vehicle sector and continues to perform well in the below Rs 1 lakh segment. Rakesh Sharma, ED of Bajaj Auto, highlighted that December is typically a slow month, but underlying growth in the motorcycle segment remains between 6-8%. The company aims to maintain its leadership in the EV market in both domestic and emerging markets.
Among financials, Bajaj Finance added the most to Nifty's gain on Thursday, while Eicher Motors was also among the top performers.
Nifty Auto was up over 1.5% in comparison to Nifty 50 which was trading at 0.84%.
Citi sees a significant upside in L&T Technology and Tata Tech stocks under a bull case scenario, where fiscal 2026 revenue growth is accompanied by a further depreciation in the rupee.
Bajaj Auto has the highest market share at 25% and is now a clear leader, as per the latest retail sales data.
Another notable data point is the comeback of Ather Energy, which has gained post the launch of their family-style scooter Rizta.
Bajaj Auto two-wheeler sales moderated slightly in December, while commercial vehicle sales grew in mid-teens.
Here are the top calls from Goldman Sachs, Macquarie and more analysts you need to know about on Wednesday.
Though growth in India's domestic two-wheeler industry is moderating,export visibility is improving, according to Emkay Global Research.
A total of 13 companies from the capital goods sector opted for the IPO route to raise funds in 2024.
December generally is a slow month for sales, and expectations are subdued across most companies and segments.
Anand Rathi is sanguine regarding the auto sector, Ahead, it expects good volumes, with two-wheelers and tractors outrunning others.
Vibhor Steel Tubes was the highest-bid initial public offering this year as the issue worth Rs 72.2 crore was subscribed nearly 300 times.
Osamu Suzuki, the man who took a risk and bet on India when no one else believed in having a viable automobile company in the country, died at the age of 94.
Osamu Suzuki 'changed my life' and showed how nationality is 'no barrier to people building unbreakable bonds of trust', Maruti Suzuki India Chairman RC Bhargava said.
Escorts Kubota also received an upgrade from the brokerage firm, while Mahindra & Mahindra, TV Motor and RK Forging remain top picks.
PG Electroplast has partnered with Whirlpool to produce semi-automatic washing machines, aiming to start production by Q1 FY26. The joint venture targets a 15-20% market share in washing machine manufacturing. PG Electroplast has also signed a deal with Spiro Mobility.
Stocks to Buy: Maruti Suzuki is Motilal Oswal's top pick among auto OEMs as it continues to be a play on the rural recovery with attractive valuation
Bajaj Auto has invested Rs 300 crore in its electric vehicle infrastructure and aims to increase production capacity for the Chetak model from 40,000 to 60,000 units per month.