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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.
Revving up: Fuelled by PLI, Indian automakers eye global EV space, targeting Europe & other developed markets
Indian auto manufacturers are seizing the export opportunity in the electric vehicle (EV) market, driven by increasing demand for cleaner mobility in developed countries and government support. Companies like Maruti Suzuki and Hero MotoCorp are gearing up to export their EV models to Europe, leveraging India's frugal manufacturing capabilities. With India's production-linked incentive scheme and alignment with global standards, automakers aim to challenge Chinese dominance in the EV sector and establish India as an EV export hub.
Canada prepares potential tariffs on Chinese EVs after US and EU moves
Canada prepares new tariffs on Chinese electric vehicles to align with US and EU actions. Pressure on Trudeau to follow Biden's lead. Concerns over China's overproduction of EVs. Ontario Premier calls for matching tariffs to protect Canadian jobs.
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.
Why India needs micro EVs ?
The 2nd car. The small car for the city. The wife's car. The college kid’s car. The urban machine - affordable, efficient, compact, cheerful. And that’s something the small EVs can be really good at. Yet, how many EV brands are launching cars that fit that description? And those that are closest to the brief e.g. the MG Comet EV, are not exactly inexpensive.
Hyundai Motor teases new EV, the Inster
Hyundai teases the Inster, a sturdy yet compact SUV with signature LED lights and pixel-graphic signals. The electric vehicle boasts a range of 355 km and sets new benchmarks in technology and safety features, set to debut globally at the Busan International Mobility Show.
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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.
Tata Motors to launch multiple electric cars under Avinya brand: Report
Tata Motors showcased the Avinya concept electric car, inspired by a catamaran, in April 2022. The company plans to launch it as a premium electric car brand with multiple products, as reported by Auto Car India.
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.
Uno Minda all lit up with more content per car and focus on electric vehicles
Uno Minda, a major auto parts supplier, has shown remarkable revenue growth, outpacing industry averages by almost two and a half times over five years. Its robust performance in FY24, marked by a 25.2% revenue increase and expanding operating margins, has propelled its stock by 37% in recent months. With significant growth in its lighting and light metal technology divisions, driven by premium offerings and expanding into the electric vehicle (EV) segment, Uno Minda is capitalizing on the trend of premiumization across vehicle segments.
Series AA 127- The EV transformation-Part 1: How a multibagger got fresh tailwinds & gave 22,334% return in the last 20 years
Excerpts from its annual report for 2017-18. ELECTRIC VEHICLES – THE NEW MARKET DISRUPTOR “We are anticipating the next market disruption through electric vehicles. We are closely reviewing and watching the situations and doing our ground level work. We are also mapping all of our existing products vis-à-vis EV to capitalise on the opportunities EV will throw at the component manufacturers, whether it is motors, batteries or any other system which will come into the electric vehicles, totally different from the conventional IC engine” Cut to August 2023, five years down the line, the company commissions two plants for making on-board charger, off-board charger, motor control Units, DCDC converters, battery management systems, and more products catering to EV 2-wheelers and 3-wheelers. Now this is a reflection of the speed at which an auto ancillary company needs to function and also the product range it needs to have if it has to stay relevant in the changing world of the auto Industry. Foresight, planning and timely execution is the key.
Series AA 127- The EV transformation - Part 1: How a multibagger got fresh tailwinds & gave 22,204% return in last 20 years
Below are the excerpts from its annual report of 2017-18. ELECTRIC VEHICLES – THE NEW MARKET DISRUPTOR | “We are anticipating the next market disruption through electric vehicles. We are closely reviewing and watching the situations and doing our ground level work. We are also mapping all of our existing products vis-à-vis EV to capitalise on the opportunities EV will throw at the component manufacturers, whether it is motors, batteries or any other system which will come into the electric vehicles, totally different from the conventional IC engine.” Cut to August 2023, five years down the line, the company commissions two plants for making on-board charger, off-board charger, motor control Units, DCDC converters, battery management systems, and more products catering to EV 2-wheelers and 3-wheelers. Now this is a reflection of the speed at which an auto ancillary company needs to function and also the product range it needs to have if it has to stay relevant in the changing world of the auto Industry. Foresight, planning and timely execution is the key.
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.
Kia unveils its 4th electric car, the EV3. Expected in India next year
Kia has unveiled the EV3, a new compact electric SUV with two battery options and advanced features. It will first launch in the international market before potentially entering India in 2025.
Pune hit and run case: Porsche owner's family's connection with Chhota Rajan comes to light
Accused sought help from Chhota Rajan in Pune hit and run. Two died in Kalyani Nagar car-motorcycle collision. Arrests made under Juvenile Justice Act. Juvenile accused granted bail with conditions. Charged under IPC sections 304A, 279, 337, 338, 427 and Maharashtra Motor Vehicle Act.
Best LED strip lights under 3000 to brighten your space with vibrant glow
Get the best LED strip lights under ₹3000! In today's world, lighting goes beyond mere functionality—it's an art form that sets the mood, defines spaces, and enhances every experience. LED strip lights are at the forefront of this revolution, offering unparalleled versatility, energy efficiency, and affordability. This list takes you on a journey through a curated collection of top-tier LED strip lights under ₹3000, designed to effortlessly elevate any environment.
Will this be the Maruti Suzuki Wagon R Electric?
Suzuki files patent for eWX, speculated as electric WagonR for India showcased at Auto Expo 2023. Features tall boy design, closed-off grille with C-shaped light clusters, plastic cladding, yellow highlights, and 230 km range on full charge. Maruti pursuing hybrid vehicle plan, working on Series Hybrid engine, plans for smaller hybrid cars and Swift.
Missing on our roads: Real red lights
Maharashtra deputy CM has rightly condemned the Juvenile Justice Board for letting off the guilty with not much of a rap on the knuckles. The minor's 'punishment' was writing a 300-word essay on accidents, working with traffic police for 15 days and undergoing counselling for his drinking. If that serves as a deterrent against driving without a licence and DUI, best of luck to Indian road safety.
Few Chinese electric cars are sold in U.S., but industry fears a flood
American automakers expressed their approval of the Biden administration's decision on Tuesday to levy a 100% tariff on electric vehicles imported from China. They stated that these vehicles could undercut billions of dollars of investments made in electric vehicle and battery manufacturing facilities in the United States.
Kia unveils revamped EV6 electric vehicle with bigger battery
Kia, South Korea's second-largest automaker, on Tuesday announced the release of a redesigned and upgraded version of its EV6 electric vehicle, which was first introduced in 2021.
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.
Ashok Leyland plans flurry of launches to boost light trucks market share
Ashok Leyland, the Hinduja Group flagship, is set to introduce six new light commercial vehicles (LCVs) in the next year, aiming to boost its market share in the segment to 25% from the current 20%. Amandeep Singh, president of LCV, international operations, defence, and power solutions at Ashok Leyland, revealed the company's plans to launch a new model of the Dost range every alternate month, starting from this month.
Prices can't dampen EV sales as it steps on leasing pedal
Leasing is becoming a key driver in electric vehicle (EV) sales in India, especially as the high upfront cost remains a barrier to adoption. Companies like Quiklyz, Ayvens, and Lithium Urban Technologies are witnessing significant growth in the EV leasing business. Fleet operators and logistics companies find leasing more economical than purchasing due to lower total cost of ownership and the ability to channel capital to other parts of their business. Leasing also offers flexibility and technology risk mitigation in the rapidly evolving EV industry.
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 may bring ultra-compact EV production in-house from 2028, sources say
Bringing production in-house would allow Nissan - an EV pioneer with its Leaf compact car - to boost its profit margin which is below that of domestic peers Toyota Motor and Honda Motor.
Olympian Motors is making minimalist EVs for drivers sick of screens
In an automobile landscape where cars seem to grow ever larger and more visually aggressive, Olympian, whose first vehicles are now available for pre-order, is leaning heavily in the opposite direction.
Widows of accident victim & vehicle owner get relief from Supreme Court, motor insurer to pay Rs 13.7 lakh
Motor insurance claim: IFFCO Tokio General Insurance Co. Ltd was ordered by Honourable Supreme Court to pay Rs 13.7 lakh plus interest to widow of an accident victim. The accident occured on May 9, 2010 when a vehicle driven by a driver who had a fake driving license hit the victim's bike.
Carmakers go extra mile to keep vehicles light
Indian carmakers are using lightweight materials like high strength steels and aluminium alloys to reduce the weight of bulky SUVs while adding more features. This helps to maintain lower CO2 emissions and improve fuel efficiency. The usage of high-strength steels and hot-stamped parts has increased in new age cars, reducing weight by around 30 kg. Mahindra & Mahindra has managed to reduce the weight of their SUVs, such as the XUV-700, by 79 kg despite new feature additions and increased vehicle length. Additionally, the sales of plug-in hybrids, electric vehicles, CNG, and ethanol options are offsetting emissions from larger vehicles and contributing to a reduction in average CO2 emissions in India.
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