Page 3 - Auto Sector
Sundram Fasteners' net profit rises 14.5% to Rs 138.03 cr during June qtr
The company's revenue from operations for the quarter ended June 30, 2022 came in at Rs 1,410.12 crore
 "Sundram Fasteners' net profit rises 14.5% to Rs 138.03 cr during June qtr")
Bajaj Auto Q1 results: How was company's performance in last four quarters
In Q4FY22, Bajaj Auto recorded a net profit of Rs 1,468.95 crore, up over 250 crores from the Q3FY22
 "Bajaj Auto Q1 results: How was company's performance in last four quarters")
Local currency makes trade more efficient, affordable: AfCFTA Secy General
In a Q&A, Wamkele Mene, who represents a free trade area in Africa, dwells on the investment opportunities in pharma, auto and agro processing that the continent has to offer
 "Local currency makes trade more efficient, affordable: AfCFTA Secy General")
Bosch to invest over Rs 200 crore in India's auto sector in next 5 years
Bosch will invest over Rs 200 crore in India in the next five years in advanced automotive technologies and digital mobility space
 "Bosch to invest over Rs 200 crore in India's auto sector in next 5 years")
TVS Motor to ride strong on profitability gains in FY23: Brokerages
Volume recovery, market-share gains, and EV plans are other triggers
 "TVS Motor to ride strong on profitability gains in FY23: Brokerages")
Loaded with edgy presence and power, BMW X4 stands tall in its portfolio
The BMW X4, which picks up where the X3 left off, offers sportive handling, punchy acceleration as well as top-quality interiors
 "Loaded with edgy presence and power, BMW X4 stands tall in its portfolio")
Auto service firm GoMechanic launches Rs 30 cr partner stock option scheme
Programme, which covers workshops, retailers, distributors and consultants pan-India, will have a 4-year vesting duration with yearly vesting at 25% and a cliff period of a year
 "Auto service firm GoMechanic launches Rs 30 cr partner stock option scheme")
Fiem Industries surges 6% on healthy outlook, stock up 56% in one month
Overall, the management believes that the worst is behind the two-wheeler industry and expects the industry to get back on its growth path.
 "Fiem Industries surges 6% on healthy outlook, stock up 56% in one month")
Automotive Axles surges 8%, hits record high on healthy business outlook
The company is a beneficiary of the current cyclical recovery in the domestic commercial vehicle space, especially the medium & heavy commercial vehicle (M&HCV) domain.
 "Automotive Axles surges 8%, hits record high on healthy business outlook")
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 sales jump in June as global semiconductor shortage eases")
Sensex falls 111 pts, Nifty holds 15,750; RIL sinks 7%, MRPL 10%
Benchmark indices swung wildly in trade on Friday after the government's move to tax oil refiners' windfall gain amid soaring crude oil prices hurt index heavyweight Reliance Industries' stock
 "Sensex falls 111 pts, Nifty holds 15,750; RIL sinks 7%, MRPL 10%")
TVS Motor rises 2% on firm's big EV push; stock up 10% in 5 days
In the past five days, the stock price of Chennai-based auto-maker soared over 10 per cent, as against 1.6 per cent rise in the S&P BSE Sensex.
 "TVS Motor rises 2% on firm's big EV push; stock up 10% in 5 days")
After 3 yrs of challenges, auto sector may see double-digit growth in FY23
Industry insiders, analysts say SUVs to lead the charge among cars, two-wheelers to make strong comeback
 "After 3 yrs of challenges, auto sector may see double-digit growth in FY23")
Is the auto industry finally switching to the fast lane?
Utility vehicle sales have overtaken those of cars for the first time. But the two-wheeler segment is still struggling to make a comeback. Here's an insight into the auto industry and its challenges
 "Is the auto industry finally switching to the fast lane?")
TMSEp186: Auto sector, startup CEO salary, markets, Dutch chip-maker
Is the auto industry on the fast lane? Why are startup CEOs getting salary jump before IPOs? What have the markets priced in before rate hike? Why is a Dutch firm key to all chip-makers? Answers here
 "TMSEp186: Auto sector, startup CEO salary, markets, Dutch chip-maker")
M&M hits new high; rallies 12% in three days on healthy demand prospects
While the outlook for tractors has improved, analysts expect the auto business to be the key growth driver over the next couple of years.
 "M&M hits new high; rallies 12% in three days on healthy demand prospects")
Top Headlines: Final race for Metro AG; govt's bid for IDBI sale, and more
The Centre is looking to woo top global investors for the sale of its stake in IDBI Bank as a team of senior government officials visits the US this week. Read more in our top headlines
 "Top Headlines: Final race for Metro AG; govt's bid for IDBI sale, and more")
Minda Industries rallies 9% post Q4 results and 1:1 bonus issue
The management believes that the auto industry is at the cusp of revival, with favorable governmental policies and more new product launches planned by OEMs for the coming year.
 "Minda Industries rallies 9% post Q4 results and 1:1 bonus issue")
Likely reduction in steel prices to offer relief to auto, consumer durables
The impact will be seen with a lag and will help only partially
 "Likely reduction in steel prices to offer relief to auto, consumer durables")
Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%
Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.
 "Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%")
