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Nomura names M&M, Hyundai, Ather Energy as top picks after June auto sales; says EV penetration at inflection point
Nomura remains positive on India's automobile sector after strong June sales, saying electric vehicle adoption has reached an inflection point. The brokerage expects continued momentum driven by new launches and improving charging infrastructure, while naming Mahindra & Mahindra, Hyundai Motor India, Ather Energy and Sona BLW among its top picks.
PS5 runs out faster on GTA VI rush amid demand to upgrade consoles
The highly anticipated Grand Theft Auto VI pre-orders have ignited a frenzy for PlayStation 5 consoles, with stock vanishing rapidly. Retailers report PS5s selling out within days, driven by the game's exclusive launch on current-gen consoles and Sony's strong marketing push. This surge, impacting all sales channels, shows the immense gamer demand clashing with ongoing supply chain issues.
Two-Wheeler Sales On Amazon Jumps Two-Fold Led By Tier Two, Three Cities
Amazon currently lists a selection from over 20 brands across electric, premium and commuter segments, including Triumph, KTM, Royal Enfield, Bajaj Auto, Ather Energy and Hero MotoCorp, supported by more than 3,000 OEM-authorized dealers.
India's electric scooter market regains charge after April slowdown
India's electric two-wheeler market saw a strong rebound in May. Registrations rose significantly, recovering from a dip in April. Major players like TVS Motor and Bajaj Auto reported higher sales. Ather Energy and Hero MotoCorp also saw an increase. Ola Electric is working to regain market share and plans to enter the commercial segment.
M&M, Hyundai India, Ather among Nomura's top auto picks after strong June sales
M&M rose 1.14% to Rs 3,172.70 on the NSE, while Ather Energy gained 0.74% to Rs 1,138.40