The auto sector witnessed a healthy rebound in terms of demand, supply chains, and operational costs after overcoming its numerous macro as well as sector-specific challenges. Read here: Q2 earnings review: Topline growth slows further, margins improve 2W in focus as MHCVs remain stable Positive on 2Ws and cautious on PVs: The brokerage noted that India is already witnessing a …
Investors turn positive once again amidst encouraging global cues. Noon Update: Indices trade in green with marginal gains as Sensex rises 130 pts and Nifty 45 pts; Infosys struggles, while Hero Motors and Hindalco shine View Full Image Sensex at Noon Mint Mark to Market: Hero MotoCorp’s May volume steals the show; shares race ahead Shares of Hero MotoCorp Ltd …
Flipkart today announced the expansion of EV options on its platform by introducing the electric two-wheeler models of Okaya like Freedum, ClassIQ+ and Faast F2B. The customers can visit the 'bikes and cars' category and select 'two-wheelers' to access the selection, where they can even use Flipkart's affordability constructs such as no-cost EMI and credit card offerings for making purchases. …
Among automakers, Bajaj Auto Ltd will be the first to announce the September quarter results on Friday. View Full Image Roas to recovery Why you aren’t getting 5G on your phone A taboo is now on the table for India Inc How this Mumbai couple got into goal-linked investments Substantial margin improvement because of lower commodity costs is likely to …
The Nifty Auto index was the biggest loser among sectoral indices on Wednesday, falling by almost 3%, on a day when the Nifty50 index fell by 1%. “Our Commodity Cost Index has started inching up and is 50-100 basis points higher for PVs and 150-200 bps higher for 2Ws currently versus the Q3FY22 levels," said analysts from Nomura Financial Advisory …
With the entry of mainstream Original Equipment Manufacturers in the e-scooter space, which was so fardotted mainly with the start-ups, the electric two-wheelers are ready for disruption and could change the competitive landscapes of the scooter segment, as per a report. Observing that higher cost of ownership due to regulatory factors, rising fuel prices, reduction in Li-ion battery prices, and …