AUTOMOBILE TECHNOLOGY
FPIs return to fin services, buy over Rs 9,000 cr in June
Foreign investors renewed buying in automobiles, information technology (IT), construction materials, oil & gas and consumer durables sectors.
Strong ER&D demand helps IT buck overall soft hiring trend
India's $250 billion IT services industry is facing sluggish hiring, but a bright spot is emerging in Engineering, Research & Development (ER&D). Demand for ER&D services is surging, driving a 15% increase in recruitment for these roles. Staffing firms report that tech companies are ramping up ER&D hiring to stay competitive in the global market.
Copper demand to rise significantly with shift to cleaner energy sources: HCL CMD Sharma
According to ICRA, the domestic refined copper demand growth is expected to remain healthy at 11 per cent in FY25, outpacing the rate of global growth in copper demand, given the Centre's thrust on infrastructure development and a gradual transition to renewable energy.
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.
Indian electric two-wheelers better than global counterparts, says Ather Energy cofounder
Swapnil Jain, cofounder of Ather Energy, highlighted India's potential to emerge as a global leader in EV technology and design, attributing this progress to the government's 'Made in India' initiative. Jain also expressed optimism about future EV sales. Union Minister of Road Transport and Highways, Nitin Gadkari, was also present at the event.
Hyundai has the same fear like Tata Motors & Mahindra about petrol, diesel cars
Hyundai has joined Tata Motors and Mahindra & Mahindra in opposing tax breaks for hybrid vehicles in India, arguing it could disrupt the market for petrol and diesel cars. Japanese carmakers support lower taxes on strong hybrids, citing emissions reduction and fuel efficiency benefits. The debate underscores the auto industry's shift towards more sustainable technologies.
- Go To Page 1
Hyundai flags concerns with 'changes' by Indian govt ahead of planned Rs 25,000 crore IPO
Hyundai, which plans to raise Rs 25,000 crore through the Indian stock market by selling a 17% equity stake in the local unit, flagged the importance of stable policies for confidently making technological upgrades. They also highlighted concerns about localisation norms like PLI for automotive technology, aiming to reduce import dependence and lower manufacturing costs with significant initial capital investments.
European shares set for weekly losses
European shares slip amid French political uncertainty. Technology stocks rise, auto shares fall. Leftwing parties challenge National Rally, Crest Nicholson rejects Bellway's offer.
Auto industry body seeks cut in two-wheeler GST; SIAM suggests three-level slabs based on fuel types
Society of Indian Automobile Manufacturers (Siam) has requested a reduction in GST rates on two-wheelers in India. They proposed different slabs for different types of two-wheelers to lower the rates. Siam also wants the removal of the 3% cess on high cubic capacity bikes.
FPIs dump auto, FMCG and power stocks in second half of May
In late May, foreign investors drove a surge in automobile sector sales, offloading shares worth ₹3,323 crore, while also divesting ₹13,350 crore across multiple sectors. The NSDL data highlights a stark shift from earlier in the month, with inflows of ₹1,119 crore in April and ₹29,389 crore in CY 2023, underscoring a dynamic market landscape.
Strong hybrids need to replace ICE models and not EVs: Maruti Suzuki executive
Maruti Suzuki India executive emphasizes strong hybrids over fossil fuel-powered models and pure electric vehicles (EVs) for auto industry sustainability.
Bosch leases 691k sq ft office space in Bengaluru for expansion
Bosch Global Software Technologies has leased 691,320 square feet of space in Bengaluru, India, to expand its operations. The property, located at Life Science Park in Electronic City, will seat around 8,000 employees and house the KPO operation under Robert Bosch. The lease is set to go live by the end of 2024. Bosch is a key partner in the global automotive industry and has the largest development centre outside Germany for end-to-end engineering and technology solutions.
BYD launches new hybrid vehicle tech that promises 100 km with just 2.9 litres fuel
BYD in China launches latest plug-in hybrid technology achieving record low fuel consumption of 2.9 litres per 100 km. Unveiled by Chairman Wang Chuanfu in Xian, Shaanxi province, site of BYD's first automaking factory.
1 million to $13 million in 5 yrs: 'Indian Warren Buffet' Mohnish Pabrai shares his success journey
Mohnish Pabrai, an Indian-American investor and founder of Pabrai Investment Funds, credits his success to emulating Warren Buffett's investment principles. Pabrai's journey, marked by substantial returns and strategic bets, showcases the efficacy of Buffett's methods. Known for his high-return investments and avoidance of startups and IPOs, Pabrai's approach emphasizes value investing and selectivity. His net worth and insights on investment strategies highlight the power of disciplined, long-term investing.
AI could be the defining technology of our lifetime: Puneet Chandok, Microsoft India
I think it is already becoming part of daily life. For example, if you look at the co-pilots, which is an AI agent that Microsoft has across the Microsoft stack, it is part of my daily life. I start every morning by co-pilot, are there any urgent emails I should look at? Can you summarise all the chats? Can you summarise all my meetings and send the actions out? It is already a part of my daily life and it is very early. It is very-very early. These models are getting smarter every day, they are getting cheaper every day.
Mahindra XUV 3XO inspires jaw-dropping custom designs: How CEO Anand Mahindra and team reacted?
Anand Mahindra recently shared impressive custom renders of the Mahindra XUV 3XO on social media, created by the Instagram handle @nstreet_design. These designs, featuring a modern and robust aesthetic, caught significant attention, including that of Mahindra himself and Pratap Bose, Chief Design and Creative Officer at Mahindra & Mahindra. The customizations, which include a soft blue hue with black accents and large bronze alloy wheels, have sparked excitement among enthusiasts, showcasing the versatility and style of the new XUV 3XO.
Mother set of Multibaggers: Evolution of EV ecosystem and emergence of new winners from auto ancillary space
Whether it's institutional or retail investors, the desire to find the next multibagger is always high. But it is not easy to find multibagger stocks for multiple reasons. In the last 30 yearsonly two or three sectors have thrown up multibaggers -- IT, pharma and some engineering or industrial segments. Now the auto and auto ancillary sectors are transforming. From next Sunday onward, we take a deep dive into individual auto ancillary companies which have either transformed due to EV space or are changing themselves or will go down as they are not relevant in new age of EV.
SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year
SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.
Maruti Suzuki reveals recipe for improved export plans in FY25
Indian automaker Maruti Suzuki is targeting nearly 3 lakh exports in FY25, focusing on improving its portfolio abroad. With 283,067 units exported, the company has been India's top passenger car exporter for the third consecutive year. The company has also manufactured over 3 crore automobiles in India. Supporting factors for this outlook include better products, improved portfolio in foreign nations, and talent transfer.
Graphite miners lobby US govt to impose levy on China-sourced EV material
The US government is set to decide in May whether to bring graphite into the list of minerals that attract the higher Section 301 tariff.
China’s EV and solar exports are powering ahead as prices slide
All these numbers show why China’s factory capacity has quickly become the key faultline in a polarizing global economy.
China lifts restrictions, gives all clear nod for Tesla cars as Musk lobbies hard in surprise visit to Beijing
The China Association of Automobile Manufacturers and the National Computer Network Emergency Response Technical Team/Coordination Centre of China on Monday published a list of 76 models of intelligent connected vehicles that meet the country's auto data security requirements, including those from Tesla.
Indian auto industry poised to reach USD 300 Billion by 2026; Revving up for innovation and expansion
India's auto market aims for a USD 300 billion milestone by 2026, backed by rising income levels and urbanization. The industry showcases robust production figures and significant FDI inflow, positioning itself as a global automotive hub with a promising future.
Auto ancillary companies on an upward trend: 5 stocks with up to 17% one-year upside potential
Strong volume growth in automobiles, premiumisation, export opportunities and operating leverage benefits will drive the performance of auto ancillary stocks.
Halve your fuel expense? Bajaj's CNG bike may do just that
Bajaj Auto plans to disrupt the entry-level motorcycle market with the world's first CNG-run motorcycle, aiming to halve monthly fuel expenses. The bi-fuel motorcycles, priced at a premium, will challenge Hero MotoCorp's dominance. Bajaj aims to capitalize on the mileage-conscious entry-level segment, where it currently holds an 8% share. The move aligns with government carbon reduction goals and leverages Bajaj's experience in CNG three-wheelers. Launching first in Maharashtra and Gujarat, Bajaj plans to expand its CNG motorcycle portfolio in India and select international markets.
Stocks from different parts of automobile ecosystem, 7 with buy reco and upside potential of 15-44% over one year
One sector which has been firing on all cylinders has been the auto sector, it started with stocks like Ashok leyland, Tata motors, Eicher motors.doing extremely well in the first phase of auto sector bull run.Then it was companies from the tyre sector which saw a sharp upward trend and then a select few auto ancillary stocks. It was in the third phase where 4 wheeler and 2 wheeler companies joined the bull run. One of the reasons why there has been a difference between different segments joining the rally at different stages has been the fact that each segment has been adjusting to the transformation to the EV space. The adjustment process is still on, so rather than taking exposure to a single stock it would be better to have a look at the basket of the stocks and have a mix. There are some stocks which are not been looked favorably by analysts as they believe that stocks have seen a run up but the fact remains that as sector one of the best proxy for taking exposure to economic growth.
EAC-PM bats for mandating EV sales by all automobile manufacturers
In its working paper, co-authored by EAC-PM chairman Bibek Deroy and director Devi Prasad Misra, the EAC-PM proposed introduction of transferable mandates prescribing for a certain percentage of vehicles manufactured to be EVs, encouraging leasing of vehicles instead of outright purchase and greater adoption of EVs in the government fleet as efficient ways of encouraging adoption of EV cars which have remained sluggish.
At $365 billion, Tata Group grows bigger in size than entire Pakistan economy
While India's GDP is 11 times bigger than that of Pakistan's economy, Tata Group's market value has outmuscled Pakistan's GDP. The market capitsalition of all listed Tata companies is now at $365 billion, beating Pakistan's GDP which has shrunk to $341 billion. The growth in Tata companies' market cap in last one year has been driven by Tata Motors, Trent, Titan, TCS, and Tata Power. This doesn't take into account unlisted companies worth a few billion dollars from India's largest business house.
Airships vanished, airplanes thrived
One Challenger disaster in January 1986, and the plug was pulled on the radical, space shuttles that made spacecraft partially reusable, arguably slowing down manned space exploration for decades on end. The same fate befell the majestic airships, once a far more luxurious alternative to the steel-tube hurtling in the sky called the aeroplane that has thrived quite well.
Load More
