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Vehicle Financers Facing Risks: India Ratings
India Ratings and Research (Ind-Ra) opines the second covid wave will have a material impact on vehicle financers' asset quality as borrowers are grappling with reduced capacity utilisation and increased operating costs due to a rising fuel cost, which would reduce ...
Auto Sales To Take A Hit In April Due To Lockdowns/Restrictions
As per a research report released by Emkay Global Financial Services, the auto sales for the month of April 2021 is likely to be impacted by Covid-19-related restrictions/lockdowns across several states. On a sequential basis, the volumes may be lower across ...
March Auto Registrations Fall By -28.64%: FADA
March Auto Registrations fell by -28.64% YoY but grew 10.05% MoM, the Federation of Automobile Dealers Association said in a release. • Tractors and Passenger Vehicles sustained its healthy momentum by growing 29.21% and 28.39% YoY on a low base, transition ...
March Auto Registrations Fall By 28 64 Fada
6 Auto And Auto-Ancillary Stocks To Bet As Economy Recovers
Emkay Global Financial Services has come up with its latest research report on the Auto sector. The broking firm believes that amid a healthy recovery, rising commodity price inflation has caused automobile prices to rise. The firms top picks among OEMs ...
Auto And Auto Ancillary Stocks To Bet As Economy Recovers
Sona Comstar To Launch Rs. 6000 Crore IPO
Auto components' firm Sona Comstar is set to launch an IPO for raising around Rs. 6000 crore. The company is backed by American PE giant Blackstone that has a 66 percent stake in the firm while the remaining is held by ...
Sona Comstar To Launch Rs 6000 Crore Ipo
Auto Shares Decline As Govt Proposes Green Tax On Old Vehicles
On Wednesday, shares of automobile companies, including tyres and auto ancillaries companies, declined as investors booked profit after the government proposed the introduction of ‘green tax' on old vehicles. Shares of Ashok Leyland, Bharat Forge and Tata Motors declined in the ...
Indian Auto Components Industry Cautiously Optimistic On mid-term Prospects
Automotive Component Manufacturers Association of India (ACMA), the apex body representing India's Auto Component manufacturing have announced the findings of its Industry Performance Review for the first half of fiscal 2020-21. The turnover of the automotive component industry stood at Rs.1.19 ...
Indian Auto Components Industry Cautiously Optimistic On Mid Term Prospects
This Auto Ancillary Stock Can Yield Good Returns
Motilal Oswal Institutional Equities has a buy rating on the stock of Motherson Sumi with a target price of Rs 150, implying an 18 per cent upside from current levels. According to the broking firm Motherson Sumi (MSS)'s 2QFY21 operating performance ...
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