Revival of red-ball cricket? Disney Star scores big with sponsor deals as India-Australia to clash in 'pinnacle of test cricket'
Disney Star has attracted more than 45 brands for The ICC World Test Championship final match between India and Australia, which is expected to generate high levels of viewership. Disney Star has secured 28 sponsors, with 15 for the Star Sports Network and 13 for Disney+ Hotstar. Indian viewers will watch the game via the same network on both television and digital platforms. With no ballpark figure for expected views, Disney Star's index tracking excitement for the event is higher than for any other test series played over the past four years.
Honda looks to 'Elevate' fortune in India with 5 new SUVs by 2030
The company on Tuesday unveiled its global mid-sized SUV Elevate in India which will take on the likes of Hyundai Creta, Kia Seltos and Maruti Suzuki's Grand Vitara.
Since many of these blue chips are well-researched and widely-owned, ET looked into Goldmans picks in the mid-cap space that it considers will multiply in value over the next few years.
Amid e-car hype, waiting time goes up for hybrid vehicles
Shashank Srivastava, senior executive director (marketing and sales), Maruti Suzuki, told ET that lower acquisition costs than EVs, self-charging technology that does not require supporting charging infrastructure, and fuel efficiency in city driving conditions have been driving demand for strong hybrid vehicles. "They run 40-50% of the time on battery in urban cycles, reducing fuel consumption and tailpipe emissions," said Srivastava. "At the same time, the acquisition cost is lower at 1.28X, vs 1.5X for EVs, compared with petrol cars."
Maruti Suzuki commences work on two solar power plants
The two solar power plants, namely 1.85 MWp at R&D Centre, Rohtak, and 20 MWp at Manesar will be commissioned in FY 2023-24 and FY 2024-25, respectively, the auto major said in a statement. With this, the company's total solar power capacity across all facilities will reach 48.15 MWp, it added.MSI said it is also increasing the share of green power sourced from the Haryana State Electricity Board for its consumption.
Racing Ahead! Nifty Auto hits record high, crosses 14,500 mark for first time
"Auto is making new highs as volumes are improving every month, commodity inflation is behind, and production issues are getting resolved. It only helped that Auto Index was among the worst performing indexes in FY22 and hence bounce back was also with a vengeance in FY23," Kashyap Javeri, Fund Manager, Emkay Investment Managers, said.
CNG penetration for Maruti Suzuki stands at around 26%: Shashank Srivastava
The retail though slightly lower than that 325,000 although it is still a growth over last year almost 14% growth. Maruti, in fact, grew faster in both wholesale and retail and as a result, market share went up 1% in May, now standing just above 43%.
Aiming to maintain leadership position in SUV segment this fiscal: Mahindra Group CFO
Mahindra & Mahindra is looking at maintaining leadership position in the fast growing sports utility vehicle segment in the current fiscal with demand remaining robust for its model range, according to the group CFO Manoj Bhat. The company, which is sitting on an order backlog of 2.92 lakh units for sports utility vehicles (SUV), also plans to ramp-up production capacity by the end of this year, as it looks to cut waiting periods on various models.
Sales of SUVs and multi-purpose vehicles (MPVs) exceeding 4 metres in length now make up at least 10% in volume terms even at compact-car makers such as Maruti Suzuki. The share of sub-4 metre vehicles, which enjoy policy preference from a taxation standpoint to encourage car ownership, has shrunk 6 percentage points in three years to 72%.
Sensex gains 118 points led by bank stocks; Nifty tops 18,500
From the Sensex pack, Tata Steel, Maruti, M&M, Sun Pharma, L&T, and Bharti Airtel closed higher, while Infosys, Wipro, HCL Tech, TCS, and IndusInd Bank ended in the red.
GST kitty swells, factory activity hits 31-month high
The GST collection rose 12% from a year earlier to ₹1.57 lakh crore in May while the Manufacturing Purchasing Managers' Index (PMI) climbed to 58.7 from 57.2 in Arpil. "May PMI and GST data show that underlying momentum in the economy remains resilient, largely based on domestic factors," said Rahul Bajoria of Barclays.
Passenger vehicle sales rise 13.5% in May, Maruti Suzuki gains market share
Market leader Maruti Suzuki posted a 15.5% growth to dispatch 143,708 units in May. Shortage of electronic components did have a minor impact on its production of vehicles but the company said it took all possible measures to minimise the impact.
Due to Global Cause, Overall Down Trend Only, Don't Trap into Small Small Green Candles, We Can See Again Huge Down Side Movement till the time Market In Our Range & Also Once OI Changed to Bottom.....
MS Dhoni: A Baahubali brand whose valuation score keeps running to new dawns
Mahendra Singh Dhoni's brand valuation run continues even three years after his retirement from international cricket. In fact, Dhoni's brand value keeps growing even after his retirement from international cricket and so does his popularity among fans, across venues. Dhoni's stardom has grown to an extent that we shouldn't hesitate in comparing his enigma to Baahubali, who is worshiped by fans and has forever carried his team's responsibilities.
Maruti Suzuki expects production loss in Q1; anticipates some relief from July
Maruti Suzuki India expects continuing production loss in the first quarter due to the shortage of electronic components, with relief anticipated in July-September. Last fiscal, Maruti lost 1.7 lakh units due to chip shortage, and it is anticipated that the company will lose numbers in May and June. The carmaker has an order backlog of over 4 lakh units with Ertiga leading the pack with close to 1 lakh bookings.
Amid EV hype, hybrids & CNG-run passenger cars shift gears
Petrol is still the fuel of choice for as much as 60% of buyers, followed by diesel at 16%. But the share of the two fossil fuels in the overall mix is reducing.
Will it rain on India’s parade? El-Niño on top of mind of businesses that have an eye on the countryside
Indias rural heartland bets on the monsoon — forecast to be delayed, but normal, this year. But El Niño could play joker in the pack, and drag rural consumption down.
It’s time to move away from momentum and look at some of the corrected stocks: Kunj Bansal
FMCG sector has seen buying interest from FIIs due to net cash flow companies with high brands and distribution, but the result numbers have not been encouraging. The market is seeing a lot of money coming in due to global inflows. The cement sector is expected to perform well in terms of volume growth and margins. The auto industry is cyclical and dominated by different companies based on introducing new models, making sure new models are successful, and having pricing power.
Jay Thakkar is bullish on Ceat and M&M. Here’s why
The auto ancillary sector is likely to outperform, with expectations for the Nifty Auto Index to reach 15,000 levels. The tyre stocks are showing a lot of traction, with Ceat sitting at an all-time high level. This is why it is a preferred stock with a target of Rs 2,250-2,350. M&M is another recommended stock to have in the portfolio for the medium to long term despite not taking off. With recent retracement to 38% of its recent move, it is a good time to enter the stock.
Piramal Pharma may double in a year; 4 metal stocks can give 20% return in 3 months : Sanjiv Bhasin
"Jindal Steel has become an extremely attractive buy at this price, along with Tata Steel. Other than steel, Hindalco and Hindustan Copper. If you have a three-month period, these stocks can give a 20% return as both ferrous and non-ferrous have come back on the table with China spending and the underperformance coming to an end."
Every third car sold to be either CNG or electric: Tata Motors
With the addition of the Altroz iCNG, which boasts of the company's patented "integrated mounting system for a vehicle", and the launch of an additional electric model this fiscal year, Tata Motors expects the share of gas-powered models and battery electric vehicles within its passenger vehicle portfolio to increase to 15% each from the current 8% and 9% respectively in three-four years, said Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility.
Up 101% in 1 year: Multibagger smallcap steel stock to trade ex-bonus tomorrow
Vardhman Special Steels, a producer of special and alloy steels in India, will trade ex-bonus on May 26, according to an announcement of a bonus issue of equity shares in proportion of 1:1. The bonus issue will be subject to approval of shareholders of the company. The issuance of bonus shares aims to increase the liquidity of the stock as well as to decrease its stock price to make it affordable for investors. On Thursday, shares of Vardhman Special Steels closed 2.35% lower at INR414 per share on the NSE.
Maruti's new SUV Jimny, rival to Mahindra Thar, set for launch next month. Expected price, features
Maruti Jimny has a seating capacity of 4 people and the boot space is 208 L which can be increased to 332 L with the rear seat folded. The Jimny comes equipped with 6 airbags which come as standard across all variants.
The stock had a good upside but watch out for the levels marked and look for price action negative side if we get anything then we can see good correction. Something showing in Weekly chart lets see if u can find the pattern.
Jimny to have positive rub off effect on Maruti brand as automaker eyes top spot in SUV space
Maruti Suzuki India expects its new offering Jimny to not only bring in volumes but also establish its credentials as a formidable player in the rapidly growing sports utility vehicle segment where it is eyeing the top slot, according to a senior company executive. The company, which is set to launch the model in the country next month, expects it to play a role along with other models like Brezza, Fronx and Grand Vitara to take the top position in the SUV segment.
Manipur: Three held as Army recovers huge cache of arms, ammunition
Based on input received through sources, the Spear Corps of the Indian Army intercepted a vehicle at Mobile Vehicle Check Post at 9:35 pm on Tuesday. 5 shotguns, 5 improvised local grenades, and three cartons of shotgun ammunition were recovered during the check. Three persons were also apprehended.
Maruti estimates a fourth of its sales to be SUVs this fiscal
The carmaker is expected to sell nearly half a million units of Fronx, Brezza, Jimny and Grand Vitara this fiscal though the waiting period on all these models run into several months. Maruti Suzuki has pending orders of 153,000 units for its range of SUVs.
Worst is not yet over for the IT sector: Digant Haria
Now Siemens had actually outsourced a lot of its manufacturing and what we hear from the market is a lot of their vendors are themselves copying the Siemens technology and selling it as this is Siemens' product so you can buy it at a cheaper price than us.
Automakers to pump $10 billion in building EV capacity by 2030
The capital expenditure would entail building a couple of green field plants for EVs, investment in battery plants to make batteries from cell level and supporting grid charging infrastructure.
Looking forward to becoming number one and dominating the SUV space: Shashank Srivastava, Maruti Suzuki
So, while we have the Brezza, but we also have the Fronx now which is for the urban, sophisticated, technology savvy consumers, but there is also a niche segment which has developed which is the segment of lifestyle SUV and that is what the Jimny caters to.
Mirchi Plus rolls out digital audio series 'Purane Khat'
Entertainment Network India Ltd (ENIL), which owns city-centric music and entertainment brand Mirchi, has launched its latest audio series, 'Purane Khat', on its digital platform, the Mirchi Plus app.
A few days ago Maruti Suzuki India announced that WagonR had crossed the 30 lakh sales milestone in over two decades. The model, which was introduced in the market in 1999, achieved 5 lakh sales mark in 2008; 20 lakh in 2017; 25 lakh in 2021; and 30 lakh milestone this month.
Maruti Suzuki India working on various initiatives to make roads safer: Company official
As part of the initiative, Maruti Suzuki's automated driving test track at Lado Sarai was inaugurated by Delhi Government Principal Secretary for Transport Ashish Kundra on Friday.
Motherson Sumi Wiring Q4 Results: Firm reports near three-fold surge in profit
Motherson Sumi Wiring India Ltd. reported a nearly three-fold jump in quarterly profit on Tuesday on the back of a recovery in the automotive industry and operating efficiencies. The company's profit rose to 1.38 billion rupees ($16.9 million) in the fourth quarter ended March 31, from 464.2 million rupees, a year earlier. Japan's Sumitomo Wiring Systems holds a 25% stake in the company, which makes wiring harnesses and other
Auto companies hiring more women to boost diversity
India's leading automobile companies are employing more women to improve gender diversity in their workforce. Most of these companies are hiring women from campuses, and luxury carmaker Mercedes Benz India has mandated that half of all its hires in the ongoing year be women. The country's largest automotive company by revenue already has more than 4,500 women actively engaged on the shopfloors of its various plants, working across multiple product lines, rolling out everything from small passenger cars to sports utility vehicles and heavy commercial vehicles.
So, I think for both the indices the view and bias is positive. Nifty may go up after a brief pause here and there, but Bank Nifty clearly is looking the favourite between the two indices along with Fin Nifty which also continues to be robust, and in fact, it is on the cusp of a breakout.
JK Tyre Q4 Results: Profit rises nearly three-fold to Rs 1.08 billion
JK Tyre & Industries Ltd's fourth-quarter profit rose nearly threefold as raw material costs fell and domestic demand saw a boost. The tyre-maker supplies to Maruti Suzuki India Ltd and Tata Motors Ltd, and its revenue from operations grew almost 10%. Rubber prices have softened 3% from the December quarter, when the effects of easing prices had already begun reflecting in the company's bottomline. Cost of raw materials fell more than 4% to 21.