India’s automobile sector is showing renewed vigour after the recent GST rate rationalization, with signs of a sustained recovery in passenger vehicles (PVs) and some optimism in the two-wheeler segment. However, commercial vehicles (CVs) may still take time to catch up, according to Deepak Shenoy, Founder & CEO of Capitalmind. When asked about his outlook … Read more
“On the commercial vehicle side, the cycle has been on a moderate growth cycle or a downturn sort of. Now, in the coming year the possibility of a positive surprise, I would say, is greater than that of negative surprise because one, as economic growth picks up, interest rates move down, it will definitely generate … Read more
Brokerage CLSA said Nifty‘s absolute returns would be muted in 2025 as share valuations remain well above their long-term averages and their peers amid an uncertain and risky global environment. The firm said incoming US President Donald Trump’s policies on export-focused emerging markets like India and China, uncertainty around interest rate cuts, and a rising … Read more
Shares of automobile companies, particularly the four-wheeler makers, registered strong gains in FY23, as the outlook for earnings improved significantly with the strong demand for passenger as well as commercial vehicles. Mahindra & Mahindra topped the list among 4-wheeler makers, with the stock clocking 40% gains. Companies such as Maruti Suzuki, Ashok Leyland, and Eicher … Read more
MUMBAI: The Maharashtra government is facing a lot of heat for its move to defy the Centre and continue with its restrictions on free movement of people. The BJP, the Maharashtra Navnirman Sena and Prakash Ambedkar’s Vanchit Bahujan Aghadi (VBA) have slammed the state government for making it necessary for people travelling in private and … Read more