Stock market update: Stocks that hit 52-week lows on NSE in today’s trade (08-10-2024)
SBI Life, Tata Steel, Titan Company, Bajaj Finserv and JSW Steel were among the top losers on NSE in today’s trade.
BLS International (08-10-2024)
Yes, they are…it can be slab based…they don’t have that ability… This is my understanding
Auto Industry in India – We had a chequered Past, can we expect a bright future? (08-10-2024)
EV 4 Wheelers-New EV policy for Cars In India- Quo Vadis ?
After 6 months of New EV policy on cars- it did not attract the attention of Global players.
Tesla is gone at least for now.- not interested in coming to India. BMW joins a growing list of Global companies that have refused to participate under the new EV policy, which was announced by the govt in mid-March with much fanfare, mainly to attract other multinational companies like Hyundai and sibling Kia, Mercedes-Benz, Volvo, Toyota, Honda Cars, JLR and the Stellantis group.
What are the incentives offered ? what do these Global giants comment on these incentives? Please read these articles … Very interesting… Is Indian Govt doing something ?.
Now , coming to existing domestic EV car players , there seems to be intense lobbying against each other till date …Maruti Suzuki & Toyota say Hybrid car is the best option for India while Tata & Mahindra are in favour of EV… Both EV of Tata and Mahindra are best sellers where as Maruti Toyota are not leaving behind in selling the Hybrid cars with flexi fuel blends in equal numbers even without govt incentive like EV.
But when the question of inviting new international EV players like Tesla , BMW, Mercedes arises , all the 4 domestic players join hands to lobby against the new EV policy…
This is clear , each company has its own business interest.
So far now , it is all these 4 companies will fight for a pie in 4 wheeler car market.
But the only signal that EV 4 wheeler sales have come down partly because of withdrawal of FAME 2 subsidy and inadequate charging infra and there is seasonal factors.
Who are the EV car leaders in India ?.
The top 3 players in EV cars are Tata motors (61% market share) , MG Motors (16% Market share), M & M (7%)
M & M has some interesting products in SUV range which is high in demand and the company is ramping up production. It has the fastest growing products.- seems unstoppable and unbeatable. please read the article to find more.
Going forward , it is going to be tough for existing EV players and fittest will survive with multi products- petrol/ hybrids / CNG/EV , product reliability , service infra .
We have to see what the govt is planning to promote EV 4 wheelers…EV policy 2 is coming up !
Discl,: Remain invested in Mahindra & Mahindra , Maruti Suzuki, Tata motors from.lower level Not a buy sell recommendation.please do your own assessment before buy sell decision.
Transformers and Rectifiers hits the roof after strong Q2 outcomes (08-10-2024)
Transformers and Rectifiers (India) hit an upper circuit of 5% at Rs 672.15 after the company’s consolidated net profit surged to Rs 45.25 crore in Q2 FY25 as compared with Rs 1.61 crore posted in Q2 FY24.
Gainers & Losers: RVNL, Trent among 11 stocks in limelight on Tuesday (08-10-2024)
Sensex and Nifty rebounded after six days of losses, led by HDFC Bank and Reliance. PSU stocks surged post-Haryana elections, while metal stocks declined due to China’s stimulus holdback.
Two sectors that added highest workers after Covid (08-10-2024)
Of the total 29 major industry groups covered in the Annual Survey of Industries (ASI), ‘manufacture of computer, electronic and optical products’ has seen the highest growth in the number of people engaged between the pre-pandemic period (2019-20) and 2022-23. A Business Standard analysis of the latest ASI results has taken into consideration only industry groups having more than 1,000 operating factories. This industry group, which includes manufacture of electronic components, computer equipment, consumer electronics and optical instruments, among others, saw the total number of people engaged rise nearly 50 per cent to 425,000 from 283,000.
PE investment in real estate increases to $2.2 bn in Jul-Sep: Savills India (08-10-2024)
Private equity investments in the real estate sector jumped over twofold to USD 2.2 billion in July-September as investors look for gains amid strong property demand, according to Savills India.
In the year-ago period, private equity (PE) investments in real estate stood at USD 934 million.
Real estate consultant Savills India also noted that the PE inflows stood at USD 3.9 billion during the January-September period of this calendar year, touching the investment quantum registered in the entire 2023.
The PE inflows stood at USD 6.7 billion in 2019, USD 6.6 billion in 2020, USD 3.4 billion in 2021, USD 3.4 billion in 2022, and USD 3.9 billion in 2023.
“Despite global challenges, India witnessed heightened investment activity with YTD 2024 inflows surpassing all of 2023 investments, reflecting strong investor confidence on the back of a robust macroeconomic environment,” said Arvind Nandan, Managing Director, Research & Consulting, Savills India.
During the July-September quarter,