
Hero MotoCorp shares rise over 1% on strong Q4, dividend bounty
The auto major has declared a final dividend of ₹35 per share, taking the total dividend for FY23 to ₹100 per equity share.
The auto major has declared a final dividend of ₹35 per share, taking the total dividend for FY23 to ₹100 per equity share.
According to market analysts, Maruti Suzuki Q4FY23 numbers were strong on all fronts, while margin expanded on operating leverage benefits and product mix.
Bajaj Auto shares opened higher at ₹4,368.95, but soon slipped as much as 1.4% to ₹4,282.80 on the BSE.
Maserati's Levante GT Hybrid cuts through the clutter
Revenue of auto OEMs is expected to grow at 19% YoY in Q4FY23, while it is projected to register a growth of 8% QoQ, according to Axis Securities.
In Q4 FY23, global wholesales of Tata Motors, which includes sales of its flagship JLR vehicles, grew 8% YoY at 3,61,361 units.
Two-wheeler sales grew 12% year-on-year in March but were down 9% from pre-Covid levels.
The ratings agency expects the domestic sales volumes to grow 7%-10% year-on-year in FY24, after rising 19%-21% in FY23.
How utility vehicles came to dominate the Indian market and why the trend is here to stay.
A smooth transition to green mobility takes centrestage in the Budget as India prepares to take on the mantle of the world’s manufacturer in the new global order.