HEAVY MOTOR VEHICLE
VCs chase auto parts makers to hitch a ride on EV journey
Smaller component makers for electric vehicles (EVs), many of which started with other businesses before pivoting to their current business mainstays, are increasingly attracting interest from venture capital firms amid a boom in EV sales. The boom in EV sales, as demonstrated in the sales of passenger EVs jumping 91% and of commercial EVs tripling year-on-year (YoY) in FY24, has meant that the demand for parts has also soared.
MP govt abolishes transport check posts at interstate borders, road safety and enforcement checking points to be arranged
The Madhya Pradesh government has abolished transport check posts at interstate borders and will introduce new road safety and enforcement checking points. Initially, 45 checking points will be established, with mobile units temporarily handling enforcement until these points are operational. These mobile units will comprise district transport office staff, enforcement staff, and home guards.
VCs chase auto parts makers to hitch a ride on EV journey
Smaller component makers for electric vehicles (EVs), many of which started with other businesses before pivoting to their current business mainstays, are increasingly attracting interest from venture capital firms amid a boom in EV sales. The boom in EV sales, as demonstrated in the sales of passenger EVs jumping 91% and of commercial EVs tripling year-on-year (YoY) in FY24, has meant that the demand for parts has also soared.
Auto stocks: Time for some cool down and also an opportunity? 6 auto stocks with upside potential of upto 28%
It is the sector which has led the rally which the market has witnessed in the last 14 months and rightly so. If one looks at the history, the rallies which are led by the transportation and auto sector are more durable as sales of LCV and certain other auto segments is an indication of the economic situation on the ground. But there is another fact, which is that with a mad rush for stocks a number of them have seen sharp run with valuations moving upward sharply. There is no doubt that the Indian auto sector is going through a transformation and Indian companies are adjusting to it very well. So there is a situation, while the fundamentals are good and improving, valuations have seen a run up. So, there is a likelihood that we might see some cooling off, but that would bring an opportunity for investors who have missed the bus.
Tata Motors to raise commercial vehicle prices by up to 2% from July 1
Tata Motors announced through an exchange filing on Wednesday that it will implement a price hike of up to 2% on its commercial vehicles starting July 1, 2024. This adjustment is a response to rising commodity prices, intended to counter their impact.
Hybrids likely to outrun EVs soon in market share battle
Sales of hybrid cars and SUVs are rising, challenging electric vehicles. HEVs offer better fuel efficiency. Japanese companies and emission standards impact automakers' strategies.
- Go To Page 1
Budget-day release for FAME-III; Indian VCs need to pivot
Measures to boost the sale of electric vehicles are likely to be announced in the upcoming budget. this and more on today’s ETtech Top 5.
Thefts of charging cables pose yet another obstacle to appeal of electric vehicles
Thieves targeting EV charging stations in cities like Seattle to steal copper wiring pose challenges for major automakers, charging companies, and EV owners. The thefts have led to increased security measures and collaboration with authorities to address the issue.
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.
Stocks in news: Tata Motors, Wipro, RIL, SJVN, NTPC, Canara Bank
Domestic markets witness a major fall as NDA returns with reduced majority. Tata Motors to establish TML Commercial Vehicles Ltd, Ashok Leyland introduces 'Sarathi Suraksha' Policy, RIL faces losses, Wipro introduces Cyber X-Ray, Infosys enhances healthcare in Japan.
Old empires could be the key to a new car future
Hydrogen, a vital element in water creation, is gaining traction as a fuel source for fuel-cell electric vehicles.
New driving license rules coming into effect from June 1. Check details
New driving license rules effective from June 1 allow tests at private training centres instead of RTOs, with fines for speeding ranging from Rs 1000 to Rs 2000.
Ashok Leyland shifts focus on margin improvement through price discipline
Analysts expect 12-12.5% EBITDA margin over the next two fiscal years allowing room for upgrades if the company is able to achieve its guidance of mid-teen margin in the medium to long term.
Hero Electric, Okinawa, Benling could be blacklisted from all govt schemes, say officials
Three electric vehicle makers, Hero Electric, Okinawa, and Benling India, face blacklisting from central schemes for not returning wrongly claimed benefits under the government's FAME-II scheme due to violations of local sourcing requirements by OEMs in 2022.
Investments made in creating plant and machinery to qualify for sops under new EV policy
SMEC is aimed at incentivising investments in setting up electric vehicle (EV) manufacturing capacity by lowering import duties on a select number of cars. Under the new EV policy, announced in March 2024, beneficiaries need to invest $ 500 million for setting up electric car manufacturing facilities. They also need to comply with up to 50% minimum domestic value addition commitment.
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.
Govt keeping top EV makers accused of FAME subsidy misappropriation out of the new scheme: Report
EV makers face subsidy dispute. EMPS 2024 offers Rs 10,000 per two-wheeler. TVS Motor and Ather show notable sales growth in FY24, while electric vehicle manufacturers experience production decrease amid subsidy conflict.
Battery recycling shatters the myth of EV waste
Traditional methods of ripping materials out of the ground and refining them for battery backs requires enormous amounts of energy. As a result, the initial carbon footprint of an EV is higher than a comparable internal combustion engine vehicle.Those upfront emissions are paid back over time with the superior efficiency of electric motors, leading to a 70% reduction in total emissions over the average life of the vehicle.
Tesla advisor joins India’s first consultative meeting on new EV policy
According to multiple people who were part of the meeting, the representative from The Asia Group did not make any comments during the consultative meeting and maintained he was there as ‘an observer’. The meeting comes days ahead of Tesla chief Elon Musk’s visit to India.
Top auto companies seek to introduce one electric car a month in next two years
Companies are aiming to democratize the electric power train in personal mobility to break consumer resistance over affordability through more mass-market choices than ever before.
Nissan considering partnership with Honda on EVs - sources
Nissan explores Honda partnership on EV parts and "kei cars", sharing architecture with Renault. Investment in Renault's Ampere. Renault forges new alliances with companies like Geely.
Is the EV market ready to remove the mask of subsidies?
Automakers have to reconsider their strategies, as subsidy reduction could impact their sales forecasts and profitability projections for EV models. The adoption rate of EVs in India may slow down, as cost remains a significant barrier for many potential buyers.
You will get a Rs 10,000 challan if found doing this in Gurugram. Traffic police issues warning
Starting this week, Gurugram traffic police will impose a fine of Rs 10,000 for not allowing ambulances and fire trucks to pass through. DCP Virender Vij stated that zonal officers will record video evidence of such incidents, and offenders will receive online challans promptly. The fine is under Section 194E of the Motor Vehicle Act, aimed at ensuring swift passage for emergency vehicles.
Milan bans heavy vehicles, imposes antismog measures to tackle air pollution
Italy's Lombardy region imposes antismog measures to combat severe air pollution. Heavy motor vehicles barred during the day, limits on heating and farming activities. Lack of rain, wind, and mountain ranges trap smog. Italy has highest deaths due to pollution in Europe.
Shifting gears to a luxury EV may come at a heavy price
Luxury carmakers like BMW Group India are struggling to achieve price parity between electric vehicles and internal combustion engine (ICE)-powered models due to high import taxes and low sales volumes. However, in the mass car market, price parity is expected soon due to declining battery prices and softening demand.
General Motors is recalling over 323,000 heavy-duty pickups because tailgates can open unexpectedly
General Motors is recalling over 323,000 heavy-duty pickup trucks in the US due to electronic tailgate release switches short circuiting and opening gates while in park. The recall covers certain Chevrolet Silverado and GMC Sierra 2500 and 3500 trucks from 2020-2024. The National Highway Traffic Safety Administration warns that water can cause the gates to open, causing unsecured cargo to fall out of beds, increasing crash risk.
Automobile industry will contribute to India's rise as third largest economy
The Ministry of Heavy Industries is overseeing the Rs 25,938 crore Production Linked Incentive (PLI) scheme for Automobile and Auto Components (PLI-AUTO Scheme). An official statement said results are coming as companies have commenced making investments and vehicle models are being approved for availing the scheme benefits.
Commercial vehicles set for heavy-duty FY24 sales, revenue expected to rise 30%
Sales of heavy duty trucks that can carry more freight has grown in healthy double digits - by 15% in the first seven months of the year, said Vinod Aggarwal, president of the Society of Indian Automobile Manufacturers (SIAM) and VE Commercial Vehicles (VECV) chief executive officer and managing director. VECV is a joint venture between the Volvo Group and Eicher Motors.
Tata Motors receives India's first auto PLI certificate in four-wheeled goods vehicle category
The Automotive Research Association of India (ARAI), a renowned research and development organization in the automotive sector, presented Tata Motors with the inaugural Production-Linked Incentive (PLI) certificate in the N1 category, which exclusively applies to four-wheeled goods vehicles. This significant recognition was announced on Tuesday.
Load More
