us auto market

‘Indian auto sector looks promising…’: Expert on investing in domestic auto stocks

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‘Indian auto sector looks promising…’: Expert on investing in domestic auto stocks

The Nifty Auto Index has experienced a significant decline of almost 28% since reaching its peak in September 2024. This downturn can be attributed to a combination of factors such as US tariff worries, a decrease in automobile demand, and a general market correction. Consequently, the majority of auto stocks have witnessed notable declines. Within … Read more

US new car sales rose to five-year high in 2024, helped by hybrids

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US new car sales rose to five-year high in 2024, helped by hybrids

U.S. new-car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles, automakers reported on Friday. Sales are expected to near 16 million vehicles, the highest level since 2019, with General Motors defending its 2023 sales crown. Automakers are projecting strong results to … Read more