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Source: Live Mint Sport utility vehicles (SUVs) and compressed natural gas (CNG) variants of existing models are currently driving auto demand in India. Maruti Suzuki India Ltd’s September quarter (Q2FY25) results reflect this. The automaker reported a 20% on-year drop in passenger car sales in the quarter, but SUV sales rose 9%. Notably, rural customers…
Source: Live Mint With the automobile industry witnessing strong growth on account of increasing demand for four-wheelers, urbanisation, a shift towards electric vehicles (EVs), and strong government support, the Hyundai IPO couldn’t have come at a better time. Maruti Suzuki and Hyundai Motors are leading players in India’s automobile market, but which is the better…
Source: Business Standard Nifty Auto down, Tata Motors share, Maruti Suzuki shares, M&M shares 3 min read Last Updated : Oct 03 2024 | 3:28 PM IST Automobile stocks plunged in Thursday’s trade with all 15 stocks in the Nifty Auto index falling up to 4.3 per cent intraday today. The index also slipped…
Source: Live Mint Indian auto stocks have made a strong comeback in recent sessions, following a period of significant underperformance throughout August and early September. The recent rally has been largely driven by two-wheeler stocks, buoyed by expectations of improvement in sales during the ongoing festive season and good rainfall across India. Amid the recent…
