Nifty Auto index rallies 29% in CY23 so far; best yearly performance since 2017

Nifty Auto Index rallies 29% in 2023, marking highest annual gain since 2017, driven by improving demand and earnings outlook.

Nifty IT vs Nifty Auto: Which sector has better long-term growth opportunities?

Nifty Auto has given positive returns in 4 of the 6 months in the calendar year 2023 so far while Nifty IT has given positive returns in just 2.

Markets in May: Nifty gains for 3rd straight month led by auto, FMCG; FPI inflows highest in 8 months

The Nifty ended 2.6 percent higher in May at 18,534.40 while the Sensex rose 2.5 percent to settle the month at 62,622.24.

All sectors, except Nifty IT, gain in April; which one should you invest in now?

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All sectoral indices, except one, gave positive returns in the month of April with Nifty Realty surging the most, up 15 percent, followed by Nifty PSU Bank, up over 12 percent.

RBI Monetary Policy: Rate-sensitive stocks rise after pause in hikes; realty, PSU banks jump

The Nifty Realty index surged the most, up 1.44 percent followed by the Nifty PSU Bank index, up 1.4 percent. Meanwhile, Nifty Bank and Nifty Financial Services also advanced 0.4 percent each.

Jefferies sees strong growth potential for TVS Motor in EV segment; maintains 'buy'

TVS is now the second largest player in the electric two-wheeler (E2W) market with a 20% market share in March, which is comparable to its 24% market share in ICE scooters. The company recorded its highest-ever EV sales of 15,522 units in February 2023.

This Mahindra group stock is up by nearly 175% in the last nine months; ICICI Direct sees more upside

Mahindra CIE Automotive is engaged in the business of manufacturing and supplying engine and chassis-forged components for commercial and passenger vehicles. In the last one year, the stock soared 138%, outperforming the Nifty Auto Index by 119.21%, which gained 18.79% over the same time frame.

Auto industry looks to sustain growth momentum in 2023: Report

Despite the semiconductor shortages and supply chain bottlenecks, the passenger vehicles (PV) category is expected to achieve record sales in 2022, while the 2-wheeler space is yet to see sustained sales buoyancy after having suffered for most of the year. 

These 3 auto ancillary stocks delivered up to 65% returns in 2022

Shares of Schaeffler India have grown steadily since the start of the year, from  <span class='webrupee'>₹</span>1,756 apiece to  <span class='webrupee'>₹</span>2,772, delivering a return of 57.85 percent.

Strong festive demand drove PV sales in October but two-wheelers lag behind: Report

Tata Motors said its PV sales, including electric vehicles, in the domestic market were up 33%. In the two-wheeler category, Hero MotoCorp on Tuesday reported a 17 per cent dip in its total sales. Bajaj Auto reported a 10 per cent decline

Top Nifty Auto News

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Nifty Auto index rallies 29% in CY23 so far; best yearly performance since 2017

markets

Nifty IT vs Nifty Auto: Which sector has better long-term growth opportunities?

markets

Markets in May: Nifty gains for 3rd straight month led by auto, FMCG; FPI inflows highest in 8 months

markets

All sectors, except Nifty IT, gain in April; which one should you invest in now?