Hero MotoCorp is the largest two-wheeler manufacturer in the world based on volumes. The company manufactures motorcycles and scooters in six plants in India, one in Columbia and one in Bangladesh. It sold 49.44 lakh units in FY22. Synopsis In the past three years, Hero MotoCorp has been India’s only listed two-wheeler stock that has … Read more
Following the share buyback announcement, Bajaj Auto stock received a rating cut from Broking to ‘sell’ from ‘buy’. Foreign brokerage Citi, on the other hand, maintained its ‘sell’ rating on the stock. To be sure 30 of 46 analyst recommendations on the counter still have buy calls, with another 13 suggesting a hold on the … Read more
Mumbai: Shares of automobile makers surged on Thursday as the recent decline in global commodities, including metals, prompted investors to lap up some of the battered names. The BSE Auto index jumped 4.4% emerging as the top sector gainer on Thursday led by gains in Maruti Suzuki India‘s shares which rose 6.3% to 8,274.60. Eicher … Read more
NEW DELHI: At a time when the market was rallying, auto sector sulked. And now, when the market is in total disarray, strength seems to have returned to auto counters, helped by healthy volumes and hopes of commodity benefits after the government moved to reduce steel prices. The Nifty auto index trades flat, with a … Read more
Shares of automobile manufacturers got a boost after the government cut excise duty on fuel and imposed export duty on steel inputs. Two -wheelers, in particular, are high on investors’ radar as they could benefit the most from the government moves. , , are top picks of analysts’ after the government’s move. The BSE Auto … Read more
NEW DELHI: Shares of climbed nearly 3 per cent to inch closer to its 52-week high level after the sales in May more than doubled from last year. Analysts are also positive on the scrip. Sales of two-wheelers jumped 113 per cent to 240,554 units, while commercial vehicle sales for the company rose 118 per … Read more
NEW DELHI: A superb growth in tractor sales and strong demand for other vehicles, especially from rural India, will keep the auto sales numbers in the green as automakers start reporting data from Tuesday onwards. Auto sales have been improving for a few months now, especially riding on sustained demand from rural markets and festive … Read more
New Delhi: Bajaj Auto on Thursday reported a 10 per cent increase in its total vehicle sales at 4,41,306 units in September. The Pune-based automaker had sold a total of 4,02,035 vehicles in September 2019. Total two-wheeler sales in September stood at 4,04,851 units as compared to 3,36,730 units in the same month of 2019, … Read more
Mumbai: The Indian auto industry’s recent fillip to sales propelled by the pent-up demand released after the lockdown was eased has seen a number of fresh job positions opening up in the segment. Hiring activity recovered in terms of demand for white collar and blue collar workers in July from the slump hit in March … Read more
Brokerages kept mixed view on Bajaj Auto after June quarter stood operationally better for the two-wheeler major with positive surprises on EBITDA margins. The auto major, however, on Wednesday reported a 53.1 per cent year-on-year (YoY) dip in net profit at Rs 528 crore for the June quarter, compared with Rs 1,125.67 crore in the … Read more