AUTO LAUNCHES
What is the value proposition of a CNG bike vs EV & ICE models? Bajaj Auto’s Rakesh Sharma answers
An average customer earning Rs 30,000 to Rs 40,000 per month can expect to save about Rs 1,500 per month by using CNG as a fuel. Also, CNG, while still a carbon-based fuel, has far less carbon content, and to that extent, it is much more beneficial from an environmental point of view than diesel or petrol, says Rakesh Sharma, ED, Bajaj Auto.
Skoda Auto CEO's strategy for Indian market: Humility, learning, customer focus and a new partner
Skoda Auto's CEO Klaus Zellmer highlights India's pivotal role in the company's global strategy, noting it as the most attractive and competitive auto market. With a robust development base in Pune, Skoda plans to leverage India's potential for expansion into ASEAN and the Middle East.
Looking at 4 buckets in auto thematic fund; avoiding auto financiers: Tanmaya Desai, SBI MF
Fund manager Tanmaya Desai says that SBI MF is not looking at the auto financiers or the logistics companies. But at the same time, the fund does permit him to evaluate up to 20% in some of those stocks which can be a corollary to the auto opportunity in general.
Bajaj Auto inaugurates its first overseas manufacturing facility in Brazil
Bajaj Auto opened a new manufacturing plant in Brazil to produce Dominar models and expand its global presence with partners like KTM AG and Triumph, targeting the growing Latin American two-wheeler market.
New NPS investment option Balanced Life Cycle Fund to help you build bigger retirement corpus; PFRDA to launch it in July-September
NPS Balanced Life Cycle Fund by PFRDA: The NPS auto choice option is suitable for those NPS subscribers who find it difficult to decide when and how much to invest in each asset class. As the equity exposure reduces each passing year, the NPS subscriber does not need to manage the allocation according to the risk appetite actively. Now the equity exposure in the Balanced Life Cycle Fund has been increased till the age of 45. So several young NPS customers will benefit from it.
European shares start week on bright footing on autos, banks' boost
European shares rose on Monday, led by automobile and bank stocks, ahead of the first round of French parliamentary elections. Autos surged 1.6% after the EU and China agreed to discuss tariffs on Chinese EVs. Meanwhile, German business morale declined in June, reflecting concerns about the economy's momentum.
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Indian streets gear up for electrifying SUV launches from Tata, Hyundai, Maruti & more
India gears up for a wave of SUV launches, including Tata Motors, Hyundai, Kia, and more, showcasing the industry's move towards sustainable transportation. Maruti Suzuki to unveil its first EV at Auto Expo 2025, and Mercedes-Benz targets a quarter of sales from EVs by 2026.
As buyers diss cars, auto companies count on offers
Passenger car sales surged 8% to a record 4.22 mn units in FY24 but have moderated since amid the heat wave, a long election season and a high base. Going by current vehicle registration trends on the government's Vahan portal, June growth is expected to be either flat or negative. ET reported June 17 that inventory levels at dealerships across the country were at 55-60 days against the norm of 30 days seen at this time of the year.
MFs raise auto sector weight by 80 bps YoY in May. M&M, Tata Motors among stocks with top action
Mutual funds raised auto sector weight by 80 bps YoY in May. IT is the second most preferred sector behind financials, reaching a 68-month high. Private banks hold top spot at 17.2%. Nifty Auto index delivers 75% returns in last year.
Boost for Hyundai Motor export plans, as auto co plans to launch slew of EVs over next 4 years
Hyundai Motor India Ltd (HMIL) is planning a ₹25,000 crore IPO to drive its parent company's strategy of making India a key export hub. The company plans to introduce nearly half a dozen electric vehicles for local sales and exports as part of this ambitious strategy.
Tata Motors reveals launch timeline of Curvv, Harrier, Sierra and Avinya electric cars
Tata Motors has announced the rollout of its new electric vehicles (EVs): the Curvv.ev and Harrier.ev will launch in FY25, while the Avinya and Sierra.ev will debut in FY26. The company plans to expand its EV showrooms from 2 to 50 and boost public charging points from 10,000 to over 100,000 by 2030. Collaborations with Tata Group companies will support technology and cost benefits, and the Avinya will leverage JLR's EMA platform to enter the premium EV market
May auto retails impacted by heatwave and elections, dip 5.3% MoM: FADA
In May, auto retail sales dropped by 5.28% from the previous month, influenced by the heatwave and the recent Lok Sabha elections, according to FADA. However, annual figures showed a 2.6% increase. Two-wheelers and commercial vehicles saw year-on-year growth, while passenger vehicles and tractors slightly contracted.
'Kalki 2898 AD': Deepika Padukone reveals trailer release date with new poster; Ranveer Singh calls her a 'stunner'
Deepika Padukone recently shared a striking new poster for the upcoming sci-fi thriller 'Kalki 2898 AD,' directed by Nag Ashwin. In the poster, she appears intense and reflective, hinting at her pivotal role in the film. Her husband, Ranveer Singh, and fans enthusiastically praised her look. The film, featuring a star-studded cast including Amitabh Bachchan, Prabhas, Kamal Haasan, and Disha Patani, is set in a dystopian future and inspired by mythology.
Bajaj Chetak 2901 launched in India under Rs 1 lakh. Check price, features
Bajaj Auto has recently unveiled the latest addition to its electric scooter range, the Chetak 2901. Priced at INR 95,998 (ex-showroom, Bangalore), this model comes in five vibrant colors: Red, White, Black, Lime Yellow, and Azure Blue. The Chetak 2901 is equipped with a sturdy metal body and advanced technological features, making it a standout in the electric scooter market.
Agnikul eyes launching satellites by 2025: CEO Srinath Ravichandran
Agnikul's first test flight of Agnibaan SOrTeD (suborbital technology demonstrator) on May 30, which lasted for 66 seconds, came after four unsuccessful attempts.
NSE launches new EV index, Tata Motors among top 10 stocks
The new Nifty EV & New Age Automotive index, launched by the NSE, aims to track the performance of companies active in the electric vehicles (EV) and new-age automotive segments. This includes manufacturers of electric and hybrid vehicles, hydrogen fuel-based vehicles, green hybrid vehicles, electric batteries, and components. Additionally, it encompasses companies producing or supplying raw materials relevant to EV and autonomous vehicle technologies, as well as, those building autonomous vehicles and supplying related technologies. Here are the top 10 stocks in the new EV index based on weightage:
Mahindra Group to invest Rs 37,000 crore in auto sector, plans to launch 23 new vehicles by 2030
Mahindra Group announces plans to invest Rs 37,000 crore in the auto sector over the next three years, with a focus on launching 23 new vehicles by 2030. The investment includes new ICE SUVs, BEVs, and light commercial vehicles. The company emphasizes the importance of ICE models in the short term while investing significantly in the EV segment. The expansion plans also include enhancing manufacturing capacity and remaining open to future mobility trends, including hybrid vehicles. The company welcomes India's new EV policy and emphasizes its commitment to the 'Make in India' initiative.
SBI Mutual Fund launches SBI Automotive Opportunities Fund
SBI Mutual Fund has introduced the SBI Automotive Opportunities Fund, an open-ended equity scheme centered around automotive and allied business activities. The New Fund Offer (NFO) for this scheme will be available for subscription from May 17 to May 31.
Hero MotoCorp, India's top two-wheeler maker, has a three-pronged strategy for the EV sector
Hero MotoCorp, led by CEO Niranjan Gupta, aims to boost EV sales with strategic acquisitions. Gupta, with a 30% stake in Ather Energy, plans to expand the VIDA portfolio with affordable variants and enhance the charging infrastructure network.
IPO Calendar: Primary market to host Go Digit's highly-anticipated issue, 4 SME IPOs & 12 listings next week
Amidst a busy week in the primary market, Go Digit's highly anticipated IPO is set to launch on May 15. Despite election season, three companies raised over Rs 6,000 crore with positive response. Additionally, four SME IPOs and 12 listings are scheduled for next week.
iVoomi JeetX ZE electric scooter launched. Priced at Rs 80,000, offers 170 km range
iVoomi launches the JeetX ZE electric scooter with a 170 km range, 57 km/h speed, 3 kWh battery, priced at Rs 80,000. It features a BLDC motor, 5.5 hours full charge time, and 8 color options.
MG Motor announces 100-year special editions of Comet, ZS EVs, & other models
MG Motor India introduces 100-year Special Edition models of Comet, Astor, Hector, ZS EV in India with unique design elements. Price details, sales figures, and upcoming Gloster facelift are also mentioned.
Hero MotoCorp planning to launch electric two wheelers in mid and affordable segment
Hero MotoCorp plans to launch electric vehicles in the mid and affordable segment, aiming for international sales growth. CEO Niranjan Gupta expresses optimism about industry growth and Q4 profits, facing competition from TVS Motor, Bajaj Auto, Ather Energy, Ola Electric.
Paytm app launches auto-rickshaw booking feature via ONDC
Paytm introduces auto-rickshaw booking on its app through ONDC and Namma Yatri for users in NCR, Bengaluru, and Chennai. ONDC tab includes food, groceries, and rides. Pai Platforms facilitates the service with significant mobility transactions.
Election uncertainty could hurt Indian auto sales in May, dealers' body says
Despite consumer interest, the ongoing elections in India have an influence on automakers' sales. Modi's bid for a third term has unsettled the market. Despite worries about voter turnout, cash constraints, and financial regulations, the auto industry is cautiously confident, as sales growth is supported by steady gasoline prices and celebratory purchases.
Baroda BNP Paribas Mutual Fund launches retirement fund
The primary investment objective of the scheme is to generate income and capital appreciation by investing in a diversified portfolio of equity and equity-related instruments and fixed-income instruments with a view to provide a retirement solution to investors
India's April auto sales rise 27% even as election uncertainty affects consumer sentiment: FADA
In April, India's auto retail sector surged 27%, attributed to stable fuel prices and new model launches despite dampened consumer sentiment during Lok Sabha elections. Two-wheelers rose 33%, while three-wheelers, passenger vehicles, commercial vehicles, and tractors grew 9%, 16%, 2%, and 1% respectively, driven by favorable market conditions, auto body FADA said.
Kia teases new EV3 ahead of launch. Here's all about it
Kia unveiled teaser images of the upcoming EV3, a compact SUV with dynamic styling and Star Map lighting. The design is inspired by the flagship EV9. The global premiere is set for May 23rd.
Bajaj to launch first CNG-powered motorcycle on June 18, reveals MD Rajiv Bajaj
Rajiv Bajaj unveiled plans for Bajaj Auto's first CNG motorcycle on June 18, 2024, challenging Hero MotoCorp's dominance in the entry-level segment. The bi-fuel bike will run on CNG and petrol, with details like trademarked names still undisclosed.
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