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
“Mutual fund figures for I think the last month are still to come out, but they should be healthy. So, there are flows into mutual funds, PMS, AIF, etc. So, I think that keeps the market buoyant. On the other hand, we are also seeing huge supply these days, like on a daily basis now … 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
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