Market News
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Tata Motors, Mahindra lead the pack as EV sales surge 79%
India's electric car sales surged 79% in May. Tata Motors and Mahindra & Mahindra gained market share. Newcomer VinFast also saw growth. JSW MG Motor and Hyundai Motor experienced a decline. Higher fuel prices are driving consumers to electric vehicles. This trend shows sustained growth in the electric car sector.
Car sales sail smooth despite war woes; Auto cos log double-digit growth on Maruti, TaMo surge; two-wheeler & CVs also in fast lane
Indian car sales surged significantly in May. Maruti Suzuki and Tata Motors reported robust growth. Two-wheeler sales also saw double-digit increases. Despite global challenges, consumer demand remained strong. This positive trend extended to utility vehicles and electric vehicles. Farm equipment sales also performed well. The automotive sector shows resilience and continued momentum.
Maruti hits all-time monthly sales high; CNG bookings jump 40%, EV demand doubles
Maruti Suzuki achieved its highest-ever monthly sales in May, driven by strong performance across all segments, including a significant surge in small car and utility vehicle sales. Tata Motors also reported robust growth, setting a new record for EV sales. The two-wheeler and commercial vehicle sectors also witnessed steady demand and growth.
Tata Motors commercial vehicle sales soar 17% at 32,850 units in May
Tata Motors has announced strong sales figures for May. Total commercial vehicle sales saw a significant 17 percent increase. Domestic sales also climbed by 19 percent, showcasing robust performance. While international volumes experienced a slight dip, the overall trend indicates positive momentum for the company's commercial vehicle segment. This growth reflects a healthy market for Tata Motors' offerings.
Tata Motors CV sales rise 17% in May, but miss Street estimates
Total commercial vehicle sales, including domestic and international markets, stood at 32,850 units during May, compared with 28,147 units a year earlier. However, the number fell short of the CNBC-TV18 poll estimate of 34,900 units.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Tata Power, Sona BLW shares on 1 June
Indian benchmark indices opened higher on June 1, supported by gains in IndiGo and Asian Paints. The NSE Nifty rose 0.38% and the BSE Sensex gained 0.36% amid positive Asian market sentiment and recovery after recent sell-offs.
May Auto Sales Live Updates: Maruti Suzuki, Tata Motors Among Major Automakers To Release Sales Data Today
May Auto Sales Live: Major automakers to release monthly sales data on Monday, June 1.
Tata Motors PV Share Price Live Updates: Tata Motors PV Delivers 8.41% Returns Over the Week
Nifty has a positive undertone, but Street waits for a decisive breakout
Nifty is trading in a consolidation zone between 23,200 and 24,050. Analysts suggest buying on dips with a target of 23,900. Key sectors like banking and auto are showing strength. Specific stock recommendations include Tata Power, Sona BLW, L&T, Indian Energy Exchange, Nuvama Wealth Management, and Syrma SGS Technology for potential gains.
Commercial vehicle makers strengthen non-core business to ride out 'cyclical' bumps
India's commercial vehicle makers are diversifying beyond truck sales to stabilize revenue. Companies like Tata Motors, Ashok Leyland, and VECV are seeing significant growth in spare parts, financing, and fleet services. This strategic shift aims to create recurring income streams, mitigating the impact of the market's cyclical nature and economic fluctuations.
Buy, Sell Or Hold: Tata Motors PV, JSW Energy, TVS Motor, Ashoka Buildcon And Siemens Energy — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
Stellantis plays down European scope for JLR and Tata partnerships
Stellantis Europe chief Emanuele Cappellano revealed no immediate plans to extend recent partnerships with Jaguar Land Rover and Tata Motors to the European market. While these collaborations are focused on the US and India respectively, Cappellano indicated potential consideration for Europe only if a clear product opportunity arises.