The RSI also has shown a trend reversal to signal a 'buy' in Shriram Transport
Supply chain glitches and unavailability of labour also a deterrent
Factories of some of the country's leading auto firms like Volkswagen, Bajaj Auto, Mercedez-Benz, FIAT India, and Mahindra and Mahindra, among others, are located in these areas
Big manufacturers say they would take more time to be ready to comply with the guidelines and get permissions before starting production
Brokerages prefer Bajaj and Hero, given its weak financial profile and premium valuation
The company further said its total two-wheeler sales were down 35 per cent at 2,10,976 units as compared to 3,23,538 units in the year-ago month
The Nifty Auto index has plunged 41.7 per cent since February 3, 2020 as compared to 29.5 per cent fall in the Nifty50 index
Bharat Forge slipped 12 per cent from its intra-day high of Rs 298 on the NSE
The automobile companies are supposed to stop selling any BS-IV vehicles by April 1
The approval was given in board meeting held on Tuesday
Valuations after a 50% fall from peak are at attractive levels
Domestic two-wheeler sales were at 146,876 units last month as against 186,523 units in February 2019, a decline of 21%
The company reported a 10 per cent year on year drop in total auto sales at 354,913 units for the month of February 2020.
Currently, Africa is the single largest export destination for Bajaj with every second motorcycle getting exported to the region
Barring HUL and Bajaj Auto, rest 28 stocks in the 30-share Sensex index ended in the green
The company reported a 22 per cent year-on-year decline in its domestic two-wheelers sales for January
The firm had sold a total of 407,150 units in January 2019, Bajaj Auto said in a statement
The government will today release the Economic Survey for 2019-20 which will detail the economic performance in the year amid concerns over a deepening slowdown
Exports - accounting for 43% of volumes - rose 7%, which helped offset the slowdown in the domestic segment. Domestic sales fell 13%, largely on account of the sharp 16%
For Bajaj Auto, the RSI has shown a steep rise with a trend reversal and signaled a buy