MARUTI SUZUKI CIAZ
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.
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.
Pushing the envelope: Financial ratios like CD ratio and many others need to be looked at in context
The narrative about the high CD ratio of private banks has been on the street for some time. But the fact is financial ratios are derivative of underlying business and the decision which management takes and not the other way round. Similarly, some ratios are used in quantitative investing and also sometimes for justifications. In the real world, every ratio has to be seen in the context of many things, right from industry to the operating matrix at that point of time. Five stocks which on a ratio may not appear to be in line with what books say but are good business to own.
Maruti Suzuki expands Manesar plant capacity by 1 lakh units per year
Maruti Suzuki India expands Manesar facility, adding 1 lakh units production capacity annually with a new assembly line. The goal is to double capacity to 4 million vehicles yearly, enhancing customer service and offering models like Brezza and Ertiga.
Maruti is offering up to Rs 1.5 lakh discounts: Here are more details
Maruti Suzuki launches FY2025 with enticing discounts on models, including Baleno, Fronx, Jimny, and more, with savings up to Rs 1.5 lakh. Discounts vary based on model and trim, featuring cash discounts, exchange bonuses, and corporate offers. Notably, XL6 and Invicto MPV are excluded. Customers advised to contact dealers for specifics. Here's a breakdown of April's discounts.
Maruti Suzuki April offers: Discounts up to Rs 1.5 lakh available on Baleno, Fronx, Jimny, and other Nexa models
Maruti Suzuki offers discounts up to Rs 1.5 lakh on various models like Baleno, Fronx, and Jimny. No offers on XL6, Ignis, Ciaz, Grand Vitara mild hybrid. Turbo-petrol variants of Fronx receive discounts.
Maruti Suzuki India total sales rise 10 pc at 1,87,196 units in March
Maruti Suzuki India's March sales grew by 10% to 1,87,196 units. The company achieved a milestone in annual sales, highest yearly domestic sales, and record exports. FY24 showed growth in total sales, domestic passenger vehicle sales, and exports.
Challenges turning into tailwinds? 6 auto stocks from different segments with upside potential between 7-40%
Between March 2023 and 2024, the market cap of the one of oldest automakers doubled. No we are not talking about Tata motors, which is the first auto stocks to get re-rated. What is more important is that this doubling of market cap happened in absence of any major product launch or any restructuring of the company. There could be two probable reasons for it, first street realized that challenges which some of the new age companies in the auto sector were supposed to bring were more narrative than reality. Second, there is no substitute for a strong balance sheet combined with battle hardened management which has seen many economic cycles. Given the stretched valuations, it might be sensible to stick to some good old war horses.
Better to look them as a chain: 15 stocks from different part of automobile ecosystem, 7 with buy reco and upside potential of up to 32%
If one takes June - July 2020 as the base from where this bull run started. Amongst the first to gain were stocks like Ashok leyland, Tata motors, Eicher motors. There was good enough reason for it, all these companies get a significant part of their sales from either heavy commercial vehicles or light commercial vehicles. Sales of LCV and certain other auto segments is an indication of the economic situation on the ground. 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. So it is LCV and HCV which are the lead indicators of what is in store for the economy. But behind the finished automobile product there is a huge supply chain, right from an auto ancillary unit making forgings, to a tyre maker. Rather than look at one segment it would be worthwhile to look at select stocks which form the part of the chain. The reason, when LCV will indicate good numbers, then means subsequently there would be better car and two wheeler numbers.
Deep pockets for EV wars: 5 auto stocks with upside potential of up to 52%
Everyone who was thinking that EV space belongs to startups and old companies that dominate the internal combustion engine (ICE) segment would not make it to EV space, probably would have to go and again read the story of the tortoise and rabbit. A large part of the out-performance that stocks like TVS Motors & Tata Motors have seen in the last 2 years can be attributed to their moving early into the EV space. Let’s go back a couple of years. What dominated the headlines was the XYZ startup focused on EV space has become a unicorn because it has raised $20 million at such and such valuations. Here we need to make a distinction between the total amount raised which will go into the company operation and the valuations. The total amount which is real business is just Rs 150 crore, though the valuation has crossed more than $1 billion. Valuations don't run business, they only get headlines.
Maruti Suzuki total sales down 1.28 pc at 1,37,551 units in Dec 2023
Total domestic sales, comprising passenger vehicles, commercial vehicles and third-party supplies, were at 1,10,667 units last month as against 1,17,551 units in the year-ago period, down 5.86 per cent, Maruti Suzuki India said in a statement. Overall domestic passenger vehicle (PV) sales stood at 1,04,778 units in December 2023 as compared to 1,12,010 units in the year-ago month, a fall of 6.46 per cent, it added. Sales of entry-level mini cars, comprising Alto and S-Presso, were lower at 2,557 units as compared to 9,765 units a year ago.
Maruti's entry level car sales drop 45% in November, UV sales up 50%
Maruti Suzuki, India's largest automaker, reported a 3.39% YoY increase in total sales in November. Domestic sales, including passenger and commercial vehicles, inched up 1.57% from the previous year. While sales of entry-level mini cars declined, utility vehicle sales increased, contributing to the overall growth, the company said on Friday.
Maruti to pay Rs 12,841 crore in stock to Suzuki for local plant
The decision was taken in a meeting held today. MSIL will pay for 100% equity of Suzuki Motor Corporation in SMG by allotting approximately 1.23 crore equity shares of the company at a price of Rs 10,420.85 per equity share, on a preferential basis, the filing said.
Maruti Suzuki's production drops by 1% in September
Maruti Suzuki India reported a 1% decrease in overall production in September, with a total of 174,978 units. Production of entry-level models such as Alto and S-Presso dropped by 70%, while other models like Baleno, Celerio, Dzire, Ignis, Swift, and WagonR also saw a decline.
Maruti Suzuki sales up 2% in June at 1,59,418 units; domestic passenger vehicle sales up 8%
On a positive note, the mid-sized sedan Ciaz witnessed a surge in sales, with 1,744 units sold in June 2023, surpassing the 1,507 units sold in the same month of the previous year. Maruti Suzuki also experienced substantial growth in utility vehicle sales, which includes popular models like Brezza, Grand Vitara, and Ertiga. The sales in this segment more than doubled, reaching 43,404 units, compared to 18,860 vehicles sold in the corresponding month of the previous year, as reported by MSI.
Maruti Suzuki sales jump 10% to 1,78,083 units in May
Total domestic passenger vehicle sales were higher 15 per cent to 1,43,708 units as compared with 1,24,474 units in the same month last year.
Hyundai launches 2023 Verna in India, price starts at Rs 10.89 lakh
Competing with the likes of the Honda City, Volkswagen Virtus, Skoda Slavia, and Maruti Suzuki Ciaz, the Verna features a 10.25-inch fully digital instrument cluster, as well as a similarly sized touchscreen infotainment system, a new benchmark in the segment.
Hyundai drives in new Verna starting at Rs 10.89 lakh; hots up competition in mid-size sedan segment
The Hyundai Verna is a midsize sedan that competes with the likes of the Honda City, Skoda Slavia, Volkswagen Virtus, and Maruti Suzuki Ciaz in the domestic market. The 1.5 litre trims of the 6th generation Verna are priced between Rs 10.89 lakh and Rs 16.19 lakh while the 1.5 litre turbo petrol variants, which come with enhanced power, are priced between Rs 14.83 lakh and Rs 17.
Toyota Kirloskar to recall around 1,000 units of Urban Cruiser Hyryder
The automaker announced in a statement that there will be a voluntary recall campaign for 994 Urban Cruiser Hyryder units to investigate for a possible issue with front seat belt shoulder height adjuster plate assembly.
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