COMMERCIAL VEHICLES PLANT
Milestone Moment: First commercial lithium production with new filtration tech begins in Utah
International Battery Metals (IBAT) achieves breakthrough lithium production in Utah with a water-efficient DLE method. Producing 5,000 tons annually, it targets varied deposits like China's and recycles over 98% of water from the Great Salt Lake.
GST inclusion may double natural gas demand in seven years: Sanjay Kumar, GAIL
We are also hearing this that the excise duty on CNG may be considered for rationalisation by government because the other tax that is there on CNG is basically state VAT.
Tailwinds are winning, beneficiaries of strong OEM & replacement demand from auto sector: 5 tyre stocks with upside potential of up to 38%
It is a well known fact that if demand is growing at a fast pace, higher input cost can be easily passed on to the consumer. That is probably what the tyre industry is going through currently. Recently there was an increase in natural rubber prices and fears were expressed that margins might come under pressure. But two things happened just recently, the natural rubber prices corrected and the whole of the tyre stocks witnessed a sharp rally. While the risk of headwind in terms of higher input cost stays, will the OEM and replacement demand act as tailwinds and continue to power the stocks.
Diversion ahead? For Chinese EVs, the road may fork out to India
The European Union's decision to hike tariffs on cheap electric vehicles made by Chinese companies has sparked concerns about unfair competition and the impact on the global auto sector. The move could lead to a reshuffling of the market dynamics, with potential consequences for both Chinese and European automakers.
Essar to invest Rs 30,000 crore in green hydrogen plant in Gujarat
Essar Group aims to invest Rs 30,000 crore in a green hydrogen plant in Jamnagar, Gujarat over the next four years. The focus will be on clean energy for growth. Plans include decarbonizing the UK oil refinery, building a green steel plant in Saudi Arabia, and creating an LNG and electric ecosystem for long-haul trucks. Essar also considers mining critical minerals for electric vehicle batteries and plans to expand renewable energy and green mobility solutions, such as LNG and electric trucks.
First to indicate good or bad about economy, as it stays strong, ignore noises about politics: 6 auto stocks with upside potential of upto 34 %
Unlike the US and some other western countries, where there is a separate transportation index which also has an element of logistic companies in it and is watched very closely, in India we don't have a very popular transportation index. The reason why transportation index numbers are extremely important is because there is enough historical evidence to show that auto industry numbers lead indicators of what is happening in the economy. That is why if one looks at the history of the stock market, the rallies which are led by the transportation and auto sector are more durable rallies. Especially the ones which are led by large commercial vehicles. Demand for large commercial vehicles would only increase when there is higher economic growth as more goods get moved from one place to another when the economy is doing well. At this point and in near term there will be noises about political instability, but better ignore it.
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How electric car batteries might aid the grid (and win over drivers)
New technology could transform expensive electric car batteries into assets for owners, offering benefits like reduced utility bills and free parking. Automakers like Ford, GM, and BMW are exploring using electric car batteries to store excess renewable energy, creating a potential new revenue stream.
Rs 2,000 fine for wasting water: Delhi minister Atishi issues guidelines amid scarcity, directs Jal Board to review situation
Delhi's water minister, Atishi, issued directives on Wednesday aimed at conserving water resources in the region. She has instructed the Delhi Jal Board CEO to deploy 200 teams to monitor violations such as washing cars with hoses, overflowing water tanks, and using domestic water for construction or commercial purposes.
Ashok Leyland to unveil 5-6 new products under LCV segment: MD
Earlier today, Ashok Leyland announced a 16.73 percent rise in consolidated net profit, reaching Rs 933.69 crore in the January-March 2024 quarter, compared to Rs 799.87 crore recorded in the corresponding period of the previous fiscal year.
New e-car norms on way as India looks to build a China Wall on EV street
The development comes weeks after Tesla chief Elon Musk cancelled his much-hyped visit to India in April. Tesla is yet to communicate its India plans to the government under the new EV policy, the official said. Musk, who was scheduled to visit India April 21-22, postponed his visit at the last moment, citing “very heavy Tesla obligations”.
A play on restructuring and higher growth: These auto stocks can deliver more than 18% return
In the last four days of strong volatile moves, one sector which has been able to keep its head above the water is the Auto sector. Is it because of results which are expected to be good or it is rotational trade which is taking place, is the question. Whatever might be the reason, after remaining under pressure for one or the other reason, the auto sector has been witnessing a transformation, right from restructuring to a slew of launches, coming from companies. There is a high probability that this trend of restructuring is likely to continue. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
TVS Supply Chain clinches deal to manage VE commercial vehicles' Baggad plant
VE Commercial Vehicles has been associated with TVS Supply Chain Solutions since 2006 for in-plant logistics operations of their truck plant in Pithampur, Madhya Pradesh.
ITPCL debt restructuring: NCLAT rejects SBI's objection on liquidation value provided by PNB
The National Company Law Appellate Tribunal (NCLAT) has dismissed all three applications by SBI against the liquidation value of IL&FS Tamil Nadu Power Company Ltd (ITPCL) provided by the debt-ridden firm's lead banker PNB. The tribunal found no error in fixing the liquidation value as of 30.09.2018, as per the RBI circular. Over 90% of lenders by value and 75% by numbers have already approved the ITPCL restructuring plan.
India seeks overseas help for lithium processing to avoid relying on China
India is engaging in discussions with various countries to seek technical assistance for lithium processing, aiming to bolster its emerging lithium mining and electric vehicle industries and reduce dependence on China. The Ministry of Mines initiated talks with Australia and the US last year, along with private companies reaching out to Bolivia, Britain, Japan, and South Korea
Musk, Tesla & more: Ancillary companies that will benefit most from EV space
Pankaj Murarka discusses Tesla's entry into India, emphasizing its impact on the luxury electric vehicle market, global vendors, auto ancillary companies, and the growth of the Indian passenger vehicle market.
A Tata-Tesla deal has just won India a big strategic edge
Tata's likely deal with Tesla to supply semiconductor chips marks a major milestone for India, enhancing its strategic power globally. As countries invest in semiconductor manufacturing, India's focus on legacy chips positions it as a reliable supplier in the global chip value chain, contributing to its self-reliance and influence.
Auto stocks, mirror of economic growth: The not so bullish analysts would be proven wrong ?
Analysts projects are not bullish, they hardly expect any gains, but the hard fact, sometimes staying glued to excel sheet and earning projections makes one cautious more than it is required. Even the recent price moves are indicating that the street is getting ready to re-rate part of the auto sector, or rather has already done it. Whether it be large OEM or auto ancillary companies. Should one be ready to ignore the pessimism of analysts and move to take exposure for both a tactical trade and long term investment ?
Why Deven Choksey would prefer Adani stocks to Birla stocks in 2024
Deven Choksey favours the Adani group for 2024, citing their strong EBITDA growth, reduced debt ratio, and cash generation for expansion, especially in infrastructure assets like road, port, power, and commodity segments. The equations are favourable even from the timing point of view. The Adani Group is going to perform better going forward.
Wardwizard looks to expand operations to cater to domestic, international markets
The Vadodara-based company is setting up a new assembly plant in Sharjah in the UAE to cater to African markets, including Egypt. It has also set up an assembly plant in Deoghar, Jharkhand to cater to the growing demand for electric vehicles (EVs) in markets like Bihar, Jharkhand, West Bengal and Odisha.
Ashok Leyland reaches 3 million production milestone at Pantnagar plant
Ashok Leyland, a Hinduja Group flagship company, has rolled out three million units from its Uttarakhand factory, marking a significant milestone in its vision to become one of the top 10 Commercial Vehicle (CV) manufacturers globally. The company's commitment to innovation, technological advancement, and strong customer relationships is evident.
Skydio plans to bring commercial drones to India following defence tie-up
Skydio, an American drone manufacturer, plans to introduce its commercial drones in India following a recent tie-up with an Indian company to produce unmanned aerial vehicles (UAVs) for defence customers in the Indo-Pacific region. While the company initially focuses on defence products in new markets, it aims to expand into non-military and non-government sectors over time. Skydio's collaboration with Aeroarc will develop small uncrewed aircraft systems (SUAS) for the Indian defence ministry and other global defence customers, showcasing its commitment to advancing drone technology in India.
UP CM Adityanath lays foundation stone for green CV facility of Ashok Leyland
Ashok Leyland said it plans to expand this capacity to 5,000 vehicles annually over the next decade, anticipating the growing demand for electric and other types of vehicles in the coming years.
JSW Group to invest Rs 40000 crore in Odisha for EV and battery plant
JSW Group plans to invest $4.82 billion to establish electric vehicle and battery manufacturing projects in Odisha. The conglomerate, which formed a joint venture with China's SAIC Motor in November, aims to compete with domestic and international players in India's growing EV market. The government hopes to achieve a 30% share of electric car sales by 2023.
Gensol Engineering to invest Rs 2,000 cr for EV plant
Gensol Engineering plans to invest Rs 2,000 crore in an EV manufacturing plant in Gujarat, signing a memorandum of understanding with the Gujarat government. The project, which will generate around 1,500 jobs, will be a hub for innovation and cater to both commercial and personal vehicle spaces. The investment is part of the Vibrant Gujarat Global Summit 2024.
Hindalco to invest Rs 800 crore for a new plant in Odisha
The plant, set to be opened in the eastern state of Odisha, is slated to be operational by July 2025 to produce 25,000 tonnes of aluminium foils, a key component in Lithium-ion cells essential for rechargeable batteries, primarily used in electric vehicles (EVs), the Aditya Birla Group-owned company said in statement.
Tata Power Renewable Energy to set up 12.5 MW captive solar plant in Maharashtra
The plant will be set up at Achegaon in Maharashtra and will generate 27.5 million units of electricity every year. The plant is expected to reduce carbon emissions by 20,075 metric tonnes per annum and is expected to be operational within eight months of the signing of the PDA.
EV adaptability to decide winner: 5 auto ancillary stocks with upside potential of up to 27%
Few weeks back an auto ancillary major announced the opening of two plants for Electric Vehicle space only. Probably this is just the beginning, more auto ancillary companies, some of which have been readjusting their business model toward EV space, would be announcing it sooner than later. We take a look at companies where analysts are projecting further upside in the next 12 months. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Ashok Leyland to invest Rs 1,000 cr to set up its first plant in Uttar Pradesh
Ashok Leyland, a flagship company of the Hinduja group, will invest Rs 1,000 crore to establish a bus manufacturing facility in Uttar Pradesh. The company has signed a Memorandum of Understanding with the state government to build the plant near Lucknow, which will focus on clean mobility. Initially, the facility will have the capacity to produce 2,500 buses per year, with plans to expand to 5,000 vehicles annually over the next decade. This investment is in line with Ashok Leyland's mission to achieve net zero by 2048.
Switch Mobility rolls out electric-LCVs with car like features
The vehicles have a 330 V high voltage EV architecture and are equipped with spacious cargo bodies. The company has secured 13,000 orders for the vehicles, including from e-commerce players such as Amazon and Flipkart. The vehicles will be manufactured at Ashok Leyland's production unit in Hosur and will be exported to neighbouring countries initially.
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