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 ₹1,756 apiece to ₹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

Schaeffler India: This small-cap auto stock surged 120% in a year; Net profit rises 76% in Q1

Schaeffler India. is a small-cap Auto stock with a market capitalization of ₹49,105.9 crore. The company is engaged in the development, manufacturing, and distribution of high-precision roller and ball bearings. The stock gained 37.87% in a month to ₹3,141.70 from ₹2,780.50.

August auto sales see a healthy rise but the shares rally shows may be its not the time to buy stocks

<ul><li>Investors remained upbeat on the auto stocks in August as the sectoral index Nifty Auto rose 5.37% compared to a 3.50% gain in benchmark Nifty.</li></ul>

Why are Indian automakers battling with a 6.5 lakh units backlog?

Maruti Suzuki India, alone has a backlog of around 3.4 lakh units, while Hyundai and Mahindra & Mahindra have a combined pending order list of about 3 lakh units. Tata Motors, Kia, and Honda Cars are also sitting on substantial pending orders.

Maruti Suzuki India, alone has a backlog of around 3.4 lakh units, while Hyundai and Mahindra &amp; Mahindra have a combined pending order list of about 3 lakh units. Tata Motors, Kia, and Honda Cars are also sitting on substantial pending orders.

Auto sector: Past tense and future perfect?

Over the previous three years, the industry has been pushed by circumstances to raise prices by 25% to 35%. But there is good news in store for the sector and particularly for Bajaj auto

Multi-year laggard auto stocks are on the rise; shares of key companies up 15% to 30% so far in 2022

Every 10% drop in steel prices potentially expands automakers’ margins by 60-200 basis points. A two-wheeler, a passenger car, and a heavy commercial vehicle, on average, weigh about 110, 800, and 3,000 kg of steel, respectively.

Automakers will benefit from lower steel prices, fuel duty cuts: Report

Analysts have turned positive on auto stocks in response to the government's initiatives to reduce excise duty on petrol and diesel, which they believe would boost demand recovery and lower the cost of vehicle ownership in the future.

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Auto industry looks to sustain growth momentum in 2023: Report

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