M&M's Canada-based associate firm files for winding up; stock drops 3%
Upon liquidation of Resson Aerospace, M&M is entitled to receive around ₹28.7 crore as distribution of proceeds towards Class C preferred shares held by the company.
auto industry
September 2023
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April 2023
Passenger vehicle sales rise 6.5% in August: FADA
It is alarming that inventory levels have exceeded the 60-day supply for the first time, says FADA.
Govt extends auto PLI scheme by a year, mulls quarterly incentives
More testing agencies will be added to give faster clearances, says Union Minister for Heavy Industries Mahendra Nath Pandey.
HCL to acquire German auto tech firm ASAP for $279 mn
ASAP focuses on future-oriented automotive technologies in areas such as autonomous driving, e-mobility and connectivity.
June auto retail sales up 10%; dealers gear up for festive season
In comparison to pre-COVID levels, the overall auto retail marked a marginal decrease of 3%, with 2W as the sole laggard
We want to dominate the SUV space: Maruti's Shashank Srivastava
Latest Jimny launch is its 4th SUV. In the non-SUV space, Maruti's market share is 65%; overall it's 46%.
This auto stock hits 20% upper circuit on strong Q4; do you own it?
The smallcap stock has been rising for the last seven sessions and gained 26% during the same period.
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.
Maruti Suzuki shares up 1% post Q4; here’s what brokerages say
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 under stress post Q4; what should investors do?
Bajaj Auto shares opened higher at ₹4,368.95, but soon slipped as much as 1.4% to ₹4,282.80 on the BSE.
