The Nifty Auto index closed 1.74 per cent up at 23285.65.

M&M was the top gainer, rising 6% as its overall March quarter numbers led to target price hikes and upgrades. JSW Steel, UltraTech Cement, Kotak Bank, ITC, and Maruti also closed higher.

The Nifty Auto index was trading 1.54 per cent up at 23240.25.

14-year-old Harris Wolobah died of cardiac arrest after participating in the 'One Chip Challenge' with a chip dusted with Carolina Reaper and Naga Viper peppers. The autopsy revealed he ingested capsaicin and had an enlarged heart. California youths were hospitalized, and Minnesota participants fell ill. Paqui removed the product from shelves.

SBI Mutual Fund has introduced the SBI Automotive Opportunities Fund, an open-ended equity scheme centered around automotive and allied business activities. The New Fund Offer (NFO) for this scheme will be available for subscription from May 17 to May 31.

The Nifty Auto index closed 0.56 per cent up at 22886.85.

The Nifty Auto index was trading 0.87 per cent down at 22561.7.

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment.

Honeywell Automations net profit for the quarter ended March 31, 2024, was reported at Rs 148.2 crore, up 32% YoY from Rs 112 crore for the same period a year ago. Ashish Gaikwad has resigned as MD and Atul Vinayak Pai has been appointed in his place.

Honeywell Automation India Ltd (HAIL) appointed Atul Pai as its new managing director, effective May 16. Pai, who has over two decades of experience at Honeywell, succeeds Ashish Gaikwad, who will lead industrial automation for Honeywell International in India. HAILs Chairman Ganesh Natarajan and Ashish Modi, Honeywell Indias president, expressed confidence in Pais leadership and business acumen. Established in 1984, HAIL provides automation and control engineering services and has a significant

The Delhi High Court declined to cap airfares across India, stating that the airline industry is highly competitive and faces significant losses. The court emphasized that market forces should determine ticket prices and that the industry is already well-controlled, with substantial investments. It ruled out the need for new regulations and dismissed two petitions seeking fare regulation. The petitions, filed by advocate Amit Sahni and consumer rights activist Bejon Misra, aimed to prevent arbit

Hitting a 52-week high is important as it reflects a stock's peak value over the previous year, which carries significant implications for traders and investors.

The Nifty Auto index closed 0.5 per cent down at 22759.85.

The Nifty Auto index was trading 0.45 per cent down at 22772.35.

Automakers in India reported bumper sales for two straight years on the back of pent-up demand after the pandemic. Sales of passenger vehicle grew 8.4% to a record high of 4.22 million units in the financial year concluded March 31, 2024. Sales had grown 27% the previous financial year.

The Nifty Auto index closed 1.83 per cent up at 22874.8.

Nifty climbed 114 points to settle at 22,218. This weeks main focus is US CPI figures. Tuesdays top Sensex gainers included M&M, L&T, and JSW Steel. Nifty Auto rose 1.8%, led by M&M, Hero MotoCorp, and TVS Motor.

Pune Traffic Rule: Authorities in India working on stricter regulations to reduce vehicular pollution, promoting eco-friendly fuels and electric vehicles. Pune authorities have developed automated system using advanced cameras at petrol pumps to penalize vehicles without valid PUC certificates. Waiting for official confirmation on timeline for implementation. Drivers may have a grace period to renew PUC certificates.

EPF auto-settlement of withdrawal claims: The EPFO in a press release has announced extending the coverage of auto-settlement of withdrawal claims to marriage, housing and higher education. The auto-settlement claim was earlier available for specified medical illness only. Read on to know who can apply for these claims, documents required to apply and other details.

The Nifty Auto index was trading 0.58 per cent up at 22594.05.

Mukul Kochhar of Investec Capital Services discusses market reactions to potential election outcomes, emphasizing severe possible impacts and strong business momentum. He covers various sectors like financials, pharma, automobiles, FMCG, and non-ferrous metals, offering insights into each. Kochchar says he is optimistic because of the nascent shoots in the private capex cycle.

As per the statement issued by the retirement fund body on Monday, the auto claim settlement facility will bring down the settlement time from 10 days to within three-four days. EPFO expects around 22.5 million of its subscribers to reap the benefits of this facility.

The Nifty Auto index closed 1.68 per cent down at 22462.65.

Mandeep Auto Industries' SME IPO, aiming to raise Rs 25.5 crore, will be open for subscription until May 15 on NSE SME platform at Rs 67 apiece, with net profit Rs 2.14 crore and 50% reserved for retail investors.

Tata Motors anticipates achieving net automotive debt-free status in FY25 following record revenue, profits, and free cash flows. Its Indian business is debt-free. Despite caution regarding domestic demand in the first half, Tata Motors said it remains optimistic, particularly about the premium luxury segment, aiming for a robust performance in FY25.

The Nifty Auto index was trading 0.76 per cent up at 22806.05.

Paytm introduces auto-rickshaw booking on its app through ONDC and Namma Yatri for users in NCR, Bengaluru, and Chennai. ONDC tab includes food, groceries, and rides. Pai Platforms facilitates the service with significant mobility transactions.

The Nifty Auto index closed 0.78 per cent up at 22633.3.

Household savings saw a third consecutive decline in FY24, dropping by Rs 9 lakh crore to Rs 14.16 lakh crore by FY23, per MoSPI data. ICRA's Aditi Nayar attributed this to a 73% rise in liabilities during 2022-23. Yet, there's optimism for FY25 as RBI curbs on personal loans may reverse the trend. Chief Economic Advisor Nageswaran highlighted a shift towards real assets.

The 2024 Maruti Suzuki Swift, was launched today, and it features a new design and upgraded features, including a new dashboard and enhanced technology. Expected to start at Rs 6 lakh, the new model will compete with micro-SUVs like the Tata Punch and Hyundai Exter in terms of pricing. With a legacy of 3 million units sold, the Swift remains a popular choice in the Indian market for its value-for-money proposition.

The Nifty Auto index was trading 2.15 per cent up at 22942.6.

The Nifty Auto index closed 1.56 per cent up at 22458.65.

Helped by a weak yen and strong hybrid vehicle sales, the Japanese giant's bottom line doubled to 4.94 trillion yen ($31.9 billion) in the year to March while revenues rose 21.4 percent to 45.1 trillion yen, also an all-time high.

Despite consumer interest, the ongoing elections in India have an influence on automakers' sales. Modi's bid for a third term has unsettled the market. Despite worries about voter turnout, cash constraints, and financial regulations, the auto industry is cautiously confident, as sales growth is supported by steady gasoline prices and celebratory purchases.

The Nifty Auto index was trading 0.15 per cent up at 22146.1.

In April, India's auto retail sector surged 27%, attributed to stable fuel prices and new model launches despite dampened consumer sentiment during Lok Sabha elections. Two-wheelers rose 33%, while three-wheelers, passenger vehicles, commercial vehicles, and tractors grew 9%, 16%, 2%, and 1% respectively, driven by favorable market conditions, auto body FADA said.

Rural FMCG demand outpaced urban markets in Jan-Mar 2024. Car companies reported higher rural sales. NielsenIQ noted 7.6% rural growth. Factors include robust rabi crop and government measures. Maruti Suzuki saw record rural sales.

Federal highway safety investigators are seeking information on Tesla's development of a fix for its Autopilot partially automated driving system recall. The National Highway Traffic Safety Administration has concerns about the recall's effectiveness, as Tesla has reported 20 crashes since the software update in December. The agency has asked for detailed information on how Tesla used human behavior science in designing Autopilot and the company's assessment of human factors.

The Nifty Auto index closed 1.83 per cent down at 22114.0.

Dalal Street's Q1 earnings season sees Nifty constituents with 24% YoY profit growth, varying estimates from brokerages: ICICI Securities reports 44%, Kotak Institutional Equities 14%, and Motilal Oswal 13%.

Emrullah Karaca has made brakes for the past 20 years, but he is now learning to assemble heat pumps instead, as the Continental factory where he works in northern Germany is slated to close. Brakes or heat pumps, it's all the same to me, said Karaca, whose two parents both worked for Continental at the factory.

The Nifty Auto index closed 0.85 per cent down at 22541.35.

Bajaj Auto has unvield its latest marvel, the new Pulsar NS400Z. With a potent 373cc engine under its hood, delivering an impressive 40 PS of power and 35 Nm of torque, this machine is poised to redefine the standards of performance in its segment.

As part of this five-year partnership, approximately 300 engineers from Forvias Augsburg (Germany) and Bangalore (India) sites, have transferred to LTTS

Craftsman Automation Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 9343.68 Crore) operating in Auto Ancillaries sector.