Automobile / Bloomberg Quint
Duty concessions, tied to engine size and pricing, aim to protect domestic industry as India-UK FTA targets $120 billion trade by 2030.
Key players, including Blue Dart Express, NBCC, Gillette India, Apollo Hospitals Enterprise, AJAX Engineering, and Bosch, are scheduled to release Q4 and FY25 results next week.
The call option is aimed at buying out stakes held by Pierer Group companies in the complex holding structure for KTM. That would end Stefan Pierers three-decade long association with KTM.
Bajaj Auto has decided to take control of KTM AG by way of rescue package valued at 800 million.
Bajaj Auto's rescue package for KTM includes a 450 million secured term loan to KTM and 150 million in convertible bonds issued by Pierer Bajaj AG.
UST's partnership with the prototyping centre to deliver turnkey solutions in automotive AI, industrial IoT and semiconductor testing.
These stocks have 'buy' rating from analysts on Wednesday.
The Nifty closed 1.05% lower at 24,683.9 and the Sensex ended 1.06% down at 81,186.44.
Here are the analyst calls to keep an eye out for on Tuesday.
Bajaj Auto BV has raised 566 million as a one-year unsecured loan from three banks ahead of KTM's restructuring deadline on May 23.
The NSE Nifty 50 closed 74.35 points, or 0.3% lower at 24,945.45 and the BSE Sensex ended 271 points, or 0.33% down at 82,059.42.
The transaction comes a week ahead of KTM AG's restructuring deadline.
Currently, Lumax Auto holds a 75% stake in IAC India, with the remaining 25% held by IAC Lux.
KTM AG, in which Bajaj Auto holds 49.9% stake via an overseas subsidiary, has to deposit a cash quota of 548 million by 23 May to stave off bankruptcy.
It's still unclear whether Bajaj Auto will pick up a majority stake in KTM AG in lieu of the fund infusions.
ICICI Securities maintain Buy on ASK with an unchanged target price of Rs 535, based on 30x FY27E earnings per share.
The subcontracting costs are expected to reduce 10-15% in the coming quarters.
Car sales rose 3.9% year-on-year to 3,48,847 units in April, even as two-wheeler sales fell 16.7% to 14,58,784 units, according to SIAM.
Bajaj Auto 's bull case sees a potential downside from Rs 12,459 to Rs 11,323.
Craftsman Automations's new acquisitions to lift growth, says ICICI Securities, maintaining 'Buy' on the stock
Some of Indias top automakers, industry watchers and lobbies welcomed the move immediately.
Washington has also asked India to resolve its concerns around Quality Control Orders, which it considers a non-tariff trade barrier for its exports, the people said.
The stock recommendations range from auto to real estate sector.
Ola Electric Mobilitys slower-than-expected sales growth has resulted in a longer-than-expected period of cash burn and extended the companys road to profitability.
Rockstar Games has extended an apology to the fans for delaying the release of Grand Theft Auto VI, but stated that this was needed to 'deliver at the level of quality you expect and deserve'.
Zomato, Adani Ports, Marico and Auto shares will be in focus on Friday.
India's top automakers, from Maruti Suzuki and Bajaj Auto to Mahindra & Mahindra and Tata Motors, are reporting their auto sales in April 2025. Here's a look at who sold how much in the month gone by.
Brokerages are estimating SUV and CNG models to support carmakers' sales, but discounts would have driven this growth.
The US and President Trump are very firm on the tariffs and it's unlikely that there will be a rollback for India soon, Commerce Ministry sources said.
The moves represent a partial and temporary retreat from the most damaging scenario of imported finished vehicles and parts potentially facing several layers of steep tariffs.
Scooters and premium bikes remained bright spots in two-wheelers, with BofA favouring Eicher Motors and TVS Motor for their market share gains.
The partnerships will help the company to expand its automotive ecosystem and accelerate innovation in AI-powered cockpits.
The regulator said that its detailed orders for all the acquisitions will soon follow.
The brokerage sees TVS Motor and Eicher Motors delivering strongest earnings growth in the space.
The ex-date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming dividend payout.
The latest version of Google Play services (version 25.14) brings this update.
In light of the global uncertainty, the brokerage continues to maintain its top picks in domestic facing stocks like Maruti Suzuki and Ashok Leyland.
Google is rolling out a feature for Android devices that automatically triggers a reboot after three days of inactivity, requiring users to enter their passcode to regain access.
President Trump on Monday said that he is looking to help car companies that need more time to move their production to the US.
Utility vehicles accounted for 65% of total passenger vehicle sales in the financial year ending March 2025, compared to around 60% in the preceding financial year.
A key factor influencing the market outlook has been the uncertainty surrounding the implementation of a stricter US Environmental Protection Agency emissions norms.
A NITI Aayog report sees India producing $145 billion worth of auto components by 2030, with exports expected to triple from $20 billion to $60 billion during this period.
Sun Pharma had been locked in a patent infringement litigation with Incyte Corporation over LEQSELVI (deuruxolitinib).
By Aug. 15, 2026, two-wheelers using petrol, diesel, or compressed natural gas will no longer be allowed.
The broader impact on Indias economy could be limited due to its strong domestic fundamentals, said Vinod Aggarwal, CEO of Volvo Eicher Commercial Vehicles.
In the auto ancillary space, Motilal Oswal prefers Endurance Technologies and Happy Forgings, owing to their strong order backlog and ability to outperform core segments.
The broader Nifty Auto index reflected the sector-wide impact.
The report identifies Samvardhana Motherson International, Bharat Forge, and Sona Comstar as the most affected under JP Morgan's coverage.
Martin Button, global brand ambassador for CARS, a classic automotive relocation service, had been on the edge of his seat all week.
JLR said it is working to address the new trading terms with its business partners.