Automobile / Bloomberg Quint
Donald Trumps tariff moves have led to worsening of diplomatic ties and uncertainty in global financial markets.
As of December 2024, companies under the scheme have committed over Rs 25,000 crore in capital investment, including setting up new production facilities and upgrading technology.
India's auto component exports to the US was $6.79 billion in FY24, while the country's imports from the US stood at $1.4 billion at 15% duty.
Major rivals from South Koreas Hyundai Motor Co. to Germanys Volkswagen AG and Americas own General Motors Co. meanwhile will soon face sharply higher costs.
Tata Motors share price fell 6.7%, losing over Rs 10,000 crore in market cap. Samvardhana Motherson slid 7.6%, while Bharat Forge tanked 4.5%.
The White House said the tariff would apply not only to fully assembled cars but key automobile parts, including engines, transmissions, powertrain parts and electrical components.
The Nifty Auto snapped an eight-day winning streak and settled 0.92% down at 21,737.60 on Tuesday.
JP Morgan estimates that a 25% tariff could raise vehicle prices by 7%.
Sitharaman highlighted that 25% of the companies availing benefits from the PLI scheme are from Tamil Nadu.
AI agents are poised to make cyberattacks, ranging from social engineering to deepfakes to user credential abuses, easier.
To get a sneak peek at the likely GTA 6 features, fans must check the enhanced for GTA 5 PC update. GTA 6 trailer 1 treated fans to great visuals and the first-ever playable female protagonist Lucia.
Westlife Foodworld, G R Infraprojects and ESAF Small Finance Bank will be some of the other stocks to watch.
The company also approves capital infusion of Rs 1,500 crore in lending arm Bajaj Auto Credit.
Now, 60% of advance withdrawal claims are processed through auto mode, said Minister of State for Labour & Employment Shobha Karandlaje
Honeywell has announced that its SwiftDecoder barcode-decoding software solution will be used within warehouses and distribution centres to make the process of tracking inventory quicker.
As the national industry body for the automotive tyre sector in India, ATMA plays a crucial role in shaping the country's tyre industry.
As market volatility and the looming threat of Trump tariffs continue to cast a shadow over global trade, we sought the expertise of Kenneth Andrade, Founder and Chief Investment Officer of Old Bridge Mutual Fund.
Ola had launched a company-wide program to reduce cost and improve customer experience, which has been completed.
They accuse the Centre of withholding funds meant for education programmes in opposition ruled states of West Bengal and Tamil Nadu.
Any lowering of auto tariffs will lead to slight increase in competitive intensity in the Indian passenger car and premium motorcycles segment, says Nomura.
BofA maintained a 'buy' rating on M&M, with target price cut to Rs 3,385, while Bajaj Auto also kept a 'buy' rating but with a lower target price of Rs 8,900.
So far, Tata Motors Ltd. and Mahindra & Mahindra Ltd. are the only carmakers to receive subsidies under the PLI-Auto Scheme. Ola Electric now joins them as the only two-wheeler maker.
The country's auto component exports reached $21.2 billion in financial year 2024.
These four indices were the only losers among the 12 sectors compiled by National Stock Exchange Ltd.
ASK Automotive signed a pact for manufacturing high-pressure die-casted alloy wheels for two-wheelers.
Despite posting its worst performance in six months on Friday, the index gained traction on Monday, led by strong performances from Mahindra & Mahindra Ltd., Eicher Motors Ltd., and TVS Motors Co.
The GIFT Nifty was trading higher at 22,368 on Monday.
Maruti Suzuki to Mahindra and Bajaj Auto, India's top OEMs are reporting their auto sales in February 2025. Here's a look at who sold how much in the month gone by.
Auto companies are set to report a tough month of sales. February readings are expected to be subdued, especially as the common man has stayed away from showrooms, adding to the overall subdued auto sales data picture, which shows wholesale data i.e. sales from automakers to their distributors. Over the past couple of months, one has seen year-end discounts in December with continuation in January as well. In February, weak retail sentiment and thats reflective in sales estimates by analysts as
Anand Rathi is sanguine regarding the auto sector. and prefers Maruti Suzuki and Eicher Motors as it top pick
KTM has to deposit a cash quota of 548 million euros, equivalent to 30% of creditors' claims, with the restructuring administrator by May 23.
On Feb. 21, Bajaj Auto invested 150 million in Bajaj Auto International Holdings BV, which holds a 49.9% stake in KTM by way of a complicated holding structure.
Stocks To Buy: ICICI Securities maintains Buy with a DCF-based revised target price of Rs 560
The company's product is biosimilar to Stelara.
The brokerage expects a 17.2% Nifty 50 earnings per share growth in fiscal 2026.
The move comes days before KTMs debt restructuring process ends on Feb. 25.
You have to follow the law. You have to fall in line. The rule of law is the same for everyone. Similar importers are already paying 30%, he said.
The sector is also expected to invest in capacity enhancements and upcoming regulatory changes.
The collaboration seeks to strengthen regional security by deploying next-generation autonomous solutions and enhancing capabilities for maritime operations, the Mumbai-based Mahindra Group said in a statement.
Trump didnt specify whether the measures would target specific countries or apply to all vehicles imported to the US.
Subscription-based model for auto drivers is being offered by ride-hailing apps such as Rapido and others.
Over 80% of organisations plan to increase their outsourcing efforts over the next three to five years, reveals Deloitte report.
Citi maintains Maruti as its top pick in the Indian auto sector.
More than 1,000 companies released their Q3 earnings between Feb. 10 and Feb. 14., marking a busy week at the Dalal Street.
Indian automakers are largely insulated by Trump's reciprocal tariffs, due to heavy localisation and domestic sales, and minimal exports.
Hewlett Packard Enterprise's new server portfolio meets federal security certification standards, boosts IT productivity with AI-driven insights and drives power savings.
Production of the first parts of the Leading Edge Aviation Propulsion (LEAP) engine's low-pressure turbine will start in 2026.
Things have gone south for KTM in a spectacular fashion. But what went wrong exactly?
Fans may have to wait some time after the game's console release, in order to play Grand Theft Auto VI on PC.
NDTV Profit Podcasts: From Donald Trump's new tariff plans to BJP's request to meet Delhi Lieutenant Governor, here's everything you need to know to start your day ahead of the curve.