Auto Firms

Results preview: Strong operational show to drive Q2 for auto firms

Easing chip supply, demand for premium models and price hikes at play

Auto firms to report muted Q1 earnings on high raw material prices

Analysts expect companies to fare better in the September quarter (Q2 FY23) as moderation in prices of raw materials starts having an impact

Auto sales jump in June as global semiconductor shortage eases

Maruti Suzuki dispatched 128,999 units to its dealers in June as against 128,432 units in the same period last year

Auto cos will begin manufacturing flex-fuel vehicles within 6 mths: Gadkari

Flex-fuel, or flexible fuel, is an alternative fuel with a combination of gasoline and methanol or ethanol

Ukraine effect: More pain ahead for auto firms a commodity prices spike

Inability to pass on the entire cost will squeeze margins

Steel, auto, textile companies at heart of PLI scheme job target

The government's ambitious target of generating over 6 million jobs in five years from PLI scheme will hinge on five of the 14 specified sectors reaching the magic numbers

Top headlines: Govt to allow FDI in LIC, auto firms stare at muted Q3

Nifty50 firms' combined net profit seen rising 25% in third quarter. More in today's top headlines

Maruti Suzuki plans to convert its website into vehicle financing platform

The country's largest carmaker said this will help it turn the website into a single-window channel for customers through which they can select the car, find dealers and arrange financing

Fresh investments in motown may cross $4 bn; auto firms in talks with govt

Some 13 auto firms have been in talks with govt for setting up business in India

Ola Electric ties up with banks, fin institutions for loans to customers

The company, which had last month launched the Ola S1 electric scooter in two variants -- S1 and S1 Pro -- at prices Rs 99,999 and Rs 1,29,999, respectively, said it will start deliveries in October

Salaries rise for promoters of auto firms even as business faces headwinds

Experts suggest that promoter executives should take compensation as dividend to share risk and reward of the business with other shareholders

With states unlocking, auto manufacturers crank up production in June

Expect to reach up to 90% of pre-Covid 2.0 levels

Auto firms to halt production for up to 15 days amid raging second wave

For some it is part of annual maintenance protocol, for others it's a forced move, done for safety of those employed at the factory

Hero MotoCorp, Bajaj Auto offer steep discounts to push key segment sales

Move reflects sustained pain in world's largest two-wheeler market, as it covers two segments accounting for 75% of its size and comes despite spike in input costs

Higher EV share, FY22 auto rebound to support Motherson's revenues

Increased utilisation, improving margins and lower debt are profit triggers going ahead

Tata Motors announces appointment of Marc Llistosella as CEO and MD

Marc Llistosella will replace current CEO of Tata Motors Guenter Butschek, who had expressed his desire to to relocate to Germany at the end of the contract for personal reasons

TVS Motor to invest additional $1 mn in US-based Altizon via Singapore arm

Altizon Inc specialises in industrial internet of things for manufacturing units, deal will help drive digital transformation at TVS

Auto firms stare at supply outages amid global shortage of semiconductors

This comes at a time when demand in world's fifth largest auto market is in the initial stage of recovery after the Coronavirus pandemic-induced lockdown earlier this year

Auto firms buoyed by festive sales, unsure of sustained demand after Diwali

Dealerships have asked manufacturers to be cautious, warning that over-stocking will hit their margins in case sales soften

Faced with declining sales, auto firms see room for growth via rent-a-car

But final cost of leasing may outrun cost of ownership