Automobile / Bloomberg Quint
Wipro Ventures, Wipros corporate investment arm, has invested in Kognitos as part of the firms Series A funding round.
The India VIX, often referred to as the 'fear index', has been over 17 for much of Wednesday and has seen a surge of over 60% in the last six days.
Passenger vehicle retail sales rose 16% to 3,35,123 units last month as compared to 2,89,056 units in the same month last year.
The industry remains cautiously optimistic due to rising interest in new models and strategic planning.
Tesla Inc. is facing a July 1 deadline to furnish US regulators with information about its biggest-ever recall because drivers using Autopilot keep crashing while using the system.
The latest round of layoffs follows Tesla's earlier decision to reduce its global workforce by over 10%.
Advances in computer vision and machine learning allow robots to perform some of the high precision tasks required to butcher beef and chicken.
Near-term weakness in Europe to be offset by positive India outlook
Fading EV demand and popularity of hybrid models prompted Tata to separate its luxury and electric cars business from commercial vehicles.
With the Pulsar NS400Z, Bajaj Auto has launched its biggest Pulsar yet that promises affordable power to the masses at a price tag of Rs 1.85 lakh.
To reduce the claims that fall under the 'Rejected' category, claims that are returned requiring correction or are incomplete are proposed to be linked with the previous ones.
Here is a segmentwise breakdown for the month.
The new facility planned over a 98,000-square-foot area will help Rockwell build a more resilient, agile, and sustainable supply chain in the Asia Pacific region and around the globe, it said.
Auto Sales In April 2024 LIVE: Here's a look at which automaker sold how much in the month gone by.
A handful of auto stocks are participating in the rally and this will continue going ahead, say analysts.
Encouraging traction seen in aluminum and industrial engineering segments
The net profit of the company fell 12.1% year-on-year to Rs 70.5 crore in the January-March period, according to an exchange filing.
ASK Automotive has partnered with AISIN Group for a joint venture in the passenger car segment to market and sell auto components in independent aftermarkets.
The report shared by Elon Musk listed the top brands with the lowest cumulative maintenance costs over 10 years.
As part of the pact, it will provide auto components like ignition switches and latches to OLA Electric across its manufacturing plants in India from its manufacturing unit at Aligarh in Uttar Pradesh, Pavna Industries said in a statement.
The company is slated to launch six models in the next few months as it looks to ride the Chetak wave.
Volkswagen AG employees at a Tennessee factory have voted to join the United Auto Workers, the labor group says, a landmark victory for union organizing in the long-hostile US South.
Germanys automakers are in crisis. Electrification and competition from China are booting thousands of highly skilled workers back onto the job market. Luckily, many are eyeing a sector that cant hire fast enough: defense.
New launches and network expansion in domestic and international market
Expect gradual recovery in exports market
Brokerages are bullish on Bajaj Auto in FY25 as the two-wheeler major is likely to outperform peers due to a strong product pipeline.
Volume outperformance to continue in FY25
Higher ad spending is expected due to the upcoming launches under the Pulsar brand.
Domestic two-wheeler (industry) volumes to grow 7-8% YoY in FY25E
The dividend is 800% of the face value of Rs 10 per share.
Net profit of the Pulsar maker rose 35.11% over the year-ago period to Rs Rs 1,936 crore on the back of revenue that was up 28.97% at Rs 11,484.68 crore.
Keep abreast of all the latest news about Indian stock markets here on April 18.
Here are the earnings estimates of major companies that are scheduled to announce their results on Thursday.
Here are the stocks to watch before going into trade today.
Premium two-wheelers and utility vehicles shine, commercial vehicles, tractor demand tapers
The stock rose 7.09% intraday on the NSE to the highest level since March 4.
Among tyre companies, this quarter is all about margin resurgence as seen in the past couple of quarters.
Overall exports stood at 45,00,492 units in the last fiscal compared to 47,61,299 units in FY23.
In an emotional post, Anand Mahindra shared the story of how Mahindra Group acquired Paolo Pininfarina's company.
Strong performance by ancillary players
We expect revenue/Ebitda/profit after tax for our OEM coverage universe to grow by ~15%/35%/36% YoY along with ~218bps improvement in Ebitda margin.
Benign commodity price to aid in margin expansion
The retail sales across segments rose by 10% to 2.45 crore units last fiscal as compared with 2.22 crore units in FY23.
Both the Nifty and Sensex ended over 0.6% higher on Monday.
The brokerage expects revenues of companies under its coverage to rise 14% year-on-year in Q4.
We expect good volume trajectories for two-wheelers, passenger vehicles due to the wedding /festival seasons and rise in governments pre-election spending
Here is a look at the segmentwise performance in the sector.
Market share largely steady; e2Ws scale up massively
Tractor wholesales declined ~28%/16% YoY for M&M/Escorts, respectively.