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Passenger vehicle dispatches rise 25.4 per cent YoY at 4,37,312 units in April: SIAM
Indian auto sales started the new fiscal year strongly. Passenger vehicle dispatches saw a significant jump of 25.4 percent in April. Utility vehicles and passenger cars drove this growth. Two-wheeler sales also surged by 28.4 percent. Three-wheeler dispatches increased by 32.8 percent. Overall vehicle wholesales grew by 27.9 percent, indicating robust demand despite global concerns.
TVS Motor, Hero MotoCorp lead auto stock decline despite strong sales data; Nifty Auto falls over 1%
Among the top losers in the Nifty Auto index were TVS Motor Company, Hero MotoCorp, Eicher Motors, and Ashok Leyland, with shares falling between 1% and 3%. Other laggards included Maruti Suzuki and Tata Motors Passenger Vehicles shares.
Auto Inc stares at stress in Bharat as signs of slowdown emerge
India's largest tractor makers and a motorcycle company anticipate declining sales due to poor monsoon conditions, risking stress in the rural auto industry. Mahindra forecasts 5% growth, while Escorts expects a 2-3% decline.
Bajaj’s export strength may not be enough to justify steep valuation premium over Hero
Bajaj Auto and Hero MotoCorp reported impressive Q4FY26 earnings, with Ebitda growth of 36% and 31%, respectively. Both companies successfully navigated high input costs through strategic pricing and robust sales. What factors contributed to their strong performance and what challenges lie ahead?
Bajaj Auto posts record quarterly profit of Rs 2,746 crore on volume surge
Bajaj Auto achieved its highest-ever quarterly net profit of ₹2,746 crore. This record performance was fueled by strong vehicle sales across its brands. The company also saw significant growth in exports. Despite anticipating some industry slowdown, Bajaj Auto remains optimistic due to its strong product mix and export strength. The full-year results also set new records for revenue and profit.
West Asia war hits motorcycle demand, specially in entry segment: Bajaj Auto
The West Asia conflict is softening demand for entry-level motorcycles in India. Bajaj Auto sees a significant slowdown from over 20 percent growth to an expected 7-9 percent. Conversely, electric scooters are gaining traction, with Bajaj Auto's Chetak sales surging. Rising fuel prices and commodity costs are also influencing consumer choices towards electric alternatives. The industry anticipates continued challenges.
Bajaj Auto Q4 Results: Net profit rises 34% YoY to ₹2,746 crore; ₹150 final dividend announced
Bajaj Auto reported a 32% year-on-year revenue increase to ₹16,006 crore for Q4 and the fiscal year ending March 31, driven by robust sales across all segments. EBITDA rose 36% to ₹3,323 crore, while profit after tax reached a record ₹2,746 crore, up 34%.
Auto sales jump 13% to 2.61 million units on strong demand tailwinds
Vehicle sales saw a significant 13% jump last month, reaching 2.61 million units. This surge marks the best-ever April for most vehicle categories. Strong rural demand, GST benefits, and lower interest rates fueled this growth. Industry experts anticipate this positive trend to continue. The automotive retail sector has started the new financial year on a robust note.
Auto index rises over 1% as June car sales jump 29% YoY; TVS Motor, Bajaj Auto lead gains
Auto index gained as investors bought auto and auto ancillary stocks following the upbeat sales numbers.
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
M&M stock jumps 3%, top Nifty gainer today as June auto sales beat estimates; tractor volumes also top forecasts
Mahindra & Mahindra shares rose 3 percent after strong June sales, as auto and tractor sales beat market estimates by a wide margin. The passenger vehicle sales up 28 percent, while exports more than doubled.