Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Auto components maker Chamundi Die Cast seeks up to ₹1,500 crore as PE interest returns to manufacturing
The auto components manufacturer has relaunched the process after earlier discussions slowed, seeking capital to accelerate growth, professionalise operations and support future expansion.
BofA says India’s EV market may be entering a stronger growth phase
Gunjan Prithyani, Senior Analyst-Automobiles & Auto Components at BofA Global Research warns of near-term pressure on auto sector margins from higher steel and metal prices, while affordability risks could impact entry-level vehicle demand.
Stay the course in equities; pharma and auto ancillaries remain attractive: Devina Mehra
Devina Mehra, Founder, Chairperson and Managing Director of First Global, continues to favour sectors such as auto components, automobiles and pharmaceuticals, which have remained key portfolio themes for more than two years.
Nissan unit Jatco scraps EV powertrain plant plan in UK amid weak demand
Nissan's subsidiary Jatco has cancelled plans for electric vehicle powertrain manufacturing in Sunderland, Britain. This decision stems from lower than expected demand for Nissan's electric vehicles across Europe. The move follows Nissan's earlier announcement to reduce its global auto production plants. This impacts future manufacturing strategies for electric vehicle components in the UK.
Global headwinds put electric bike companies on price hike path
Electric two-wheeler companies are feeling the pinch. Rising raw material prices and supply chain issues are impacting profits. Companies like Bajaj Auto, Hero MotoCorp, and Ather Energy are warning of price increases. Demand for AI infrastructure is also affecting the supply of crucial components. Consumers may see higher prices for electric vehicles soon.
Zepto, Dhoot Transmission among 6 companies to secure Sebi's nod for IPO
As many as six companies, including quick commerce unicorn Zepto and auto components manufacturer Dhoot Transmission, have secured Sebi's approval to raise funds through initial public offerings (IPOs). Other companies that obtained approval are Horizon Industrial Parks, Surgiwear, Crystal Crop Protection and Hotel Polo Towers, an update with the markets regulator showed on Friday. These companies, which filed their preliminary IPO papers between October and February, obtained Sebi's observations during May 4-8. InSebi's parlance, obtaining observations is equivalent to securing approval to float a public offering. Zepto and Dhoot Transmission filed preliminary papers with Sebi in December and February, respectively, using a confidential route. According to people familiar with the development, Zepto is aiming to raise Rs 11,000 crore through its maiden public offering. If the listing goes through, Zepto will join its rivals Zomato and Swiggy, both of which are already listed on