Market News
Stay updated with the latest market trends, earnings, and economic indicators.
JK Tyre charts Rs 4,900 crore capex to scale up capacity by 24% through FY30
JK Tyre has planned a Rs 4,900 crore capital expenditure through FY30 to expand production capacity by nearly 25%. The company reported strong FY26 earnings growth and expects healthy future demand across passenger and commercial vehicle segments, with major investments focused on its Chennai facility.
Jefferies raises target price of auto ancillary stock that's venturing into aerospace
Jefferies has increased its target price for Belrise Industries to Rs 250, maintaining a positive outlook. The auto component maker is experiencing strong earnings growth and securing new orders. Belrise is also expanding its global presence in aerospace and defence sectors. This strategic diversification is expected to drive future growth and profitability for the company.
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.
Honda to drive in over 10 new models by 2030
Honda is set to introduce more than ten new models in India. This includes sports utility vehicles with petrol, hybrid, and electric powertrains. The company will launch its first electric vehicle in the latter half of the current financial year. Compact and mid-sized SUVs are also planned, with local manufacturing. India is a key market for Honda's future growth.
Aditya Birla Group bets big on IPL boom, says media rights frenzy is far from over
Aditya Birla Group sees strong future growth for Indian sports. The group believes IPL media rights will keep increasing in value. This is despite current worries about fewer bidders. India's economy and sports viewership are rising. Premium sports assets are also scarce. This supports future valuations. The group recently bought Royal Challengers Bengaluru. They are optimistic about the long-term trend.
Challenging times for Indian auto even as long-term demand trends hold: Assocham's Nirmal Minda
India's automotive industry is facing the dual challenge of escalating costs and uncertainties in global trade. Yet, the future looks good with robust long-term demand and a significant pivot towards electric vehicles, says Assocham president Nirmal Minda.
Uno Minda shares fall 7% from highs after cautious management commentary on future outlook
Uno Minda said it has managed to maintain its margin despite a sharp increase in input costs. Despite near-term headwinds, Uno Minda said its long-term growth outlook remains intact. It has given a margin guidance of 11% with a plus-minus range of 50 basis points for the financial year 2027.
JLR readies recovery plan to get fit for new 'world order'
Jaguar Land Rover is implementing a three-part recovery plan following its worst annual net loss in five years. The strategy targets reducing procurement and warranty expenses while enhancing digital systems. The company aims to restore its cash break-even point and achieve significant savings. New electric vehicle launches are expected to drive future growth.
Officer’s Choice whiskey maker targets premium spirits segment despite war-linked inflation worries
Allied Blenders and Distillers sees strong growth in premium spirits. The company prioritizes profitability over mass volumes. This strategy focuses on premium and luxury segments for future expansion. Demand for higher-margin products remains steady. The company expects improved EBITDA margins by fiscal year 2028. Supplies to Middle Eastern markets are resuming.
Ola Electric to invest Rs 2,000 crore in EV, battery cell units
Ola Electric Mobility's board has approved a significant Rs 2,000 crore investment. This capital will bolster its electric vehicle and battery cell manufacturing arms. The company aims to strengthen its EV ecosystem and scale operations. Investments will be made into Ola Electric Technologies and Ola Cell Technologies. These funds will support business requirements and future growth.
Tata Motors PV shares rally 8% even as Q4 net profit drops 32% YoY. Here's what Macquarie, Jefferies & other brokerages say
Tata Motors Passenger Vehicles shares jumped significantly after reporting a profit drop for the fourth quarter of FY26. Revenue from operations saw an increase. The company also recommended a final dividend. Brokerage firms offered varied opinions, with some remaining bullish and others cautious about the automaker's future prospects. Concerns persist regarding Jaguar Land Rover's performance.
Iran war effect: Leading EV two-wheeler makers accelerate expansion amid petrol price worries
Major electric scooter companies are rapidly increasing production capacity. This expansion aims to meet a surge in demand for eco-friendly vehicles. Combined monthly output is expected to nearly double by the end of the fiscal year. This signals a shift towards mass-market adoption. Companies are navigating challenges while betting on strong future growth.