News

'Androth', the second of the eight anti-submarine warfare-shallow water craft, has been built by Garden Reach Shipbuilders and Engineers (GRSE), Kolkata.

Analysts said price cut, festive season, and buoyant rural demand are key tailwinds for the two-wheeler segment.

The brokerage highlights that the sector's positive momentum is supported by the GST rationalisation, could lead to unprecedented price cuts for consumers.

The GST Council lowered the tax rate on small cars from 28% to 18%. The luxury cars will now attract a flat 40% GST rate without any additional cess.

In line with this bullish view, BofA has maintained a Buy rating on several key players and has also hiked the target price for all the companies it covers.

Maruti Suzuki and Mahindra & Mahindra are also expected to announce price cuts soon, with Maruti car prices likely to fall by 6% to 9%.

The Nikkei-225 index rose by more than 1% after President Donald Trump signed an executive order implementing his trade agreement with Japan.

Motilal Oswal reaffirms Maruti Suzuki and M&M as top OEM picks, and Endurance, Samvardhana Motherson, Happy Forgings as top auto ancillary picks.

Hero MotoCorp will also be among the stocks to watch.

Shares in Japan and South Korea rebounded after Mondays losses while Australias declined.

Maruti Suzuki's mini segment cars, comprising Alto and S-Presso, declined to 6,853 units against 10,648 units in August 2024.

While talks on a bilateral trade deal have been postponed, the two countries continue to communicate on critical issues, including defense and foreign policy.

Bhargava said the US tariffs have led to upheaval across the markets globally.

Jefferies has upgraded Hero MotoCorp to 'Hold' from Underperform while it retained Underperform on Hyundai India Ltd. and Tata Motors Ltd.

Domestic sales are yet to be announced and till that time, all production will be directed towards exports, says the chairperson.

Maruti Suzuki India share price rose as much as 2.33% to Rs 14,789 apiece. It last pared gains to trade 2.29% higher at Rs 14,783 apiece.

GST rate cuts will benefit the 'entire auto industry', say experts. However, customers are not purchasing new cars for now to avail the discounts.

Nomura expects that the GST reduction will trigger a multiplier effect of 1.01.5 on demand which will result in 1015% rise in demand.

Consumer durables (e.g., Voltas, Blue Star, Havells) and automobiles (e.g., Maruti Suzuki, Hero MotoCorp) will see increased demand due to lower GST rates on white goods and small vehicles.

The NSE Nifty 50 ended 245.65 points or 1% higher at 24,876.95 and the BSE Sensex ended 676 points or 0.84% up at 81,273.75

Morgan Stanley said in its note that automobiles fall under the 28% GST bracket and a major tax cut could drive the next virtuous upcycle for automobiles.

Auto stocks including those of Hero MotoCorp Ltd., Maruti Suzuki Ltd., Bajaj Auto Ltd. rose on Monday on expectations of a likely rate cut in GST.

The collaboration aims to streamline and strengthen the financial ecosystem for the company's dealers by providing customised inventory funding for working capital requirements, the auto major said in a statement.

The RBIs latest foreign-exchange reserves data also point to increased intervention with the stockpile falling by $9.3 billion, the steepest drop since November.