COMMERCIAL VEHICLES MARKET
Belrise Industries IPO: Price band set at Rs 85-90; issue opens on May 21
Belrise Industries has set the price band for its Rs 2,150 crore IPO at Rs 85–90 per share. The issue opens on May 21 and closes on May 23. The auto parts maker will use Rs 1,618 crore to repay debt. The IPO comprises a fresh issue of 23.89 crore shares and will be listed on May 28.
Tata AutoComp, Katcon form JV to make advanced composites for North America
Tata AutoComp Systems and Katcon Global are partnering. They will manufacture advanced composites. The focus is on the North American market. This venture targets passenger and commercial vehicles. Agricultural tractors and off-road vehicles are also included. Tata AutoComp brings technology. Katcon provides operational expertise. This collaboration aims to expand their global presence. They will serve customers with sustainable materials.
Eicher Motors shares rise 2% after Q4 profit jumps 27% YoY, beats estimates
Eicher Motors reported a robust Q4FY25, with net profit surging 27% YoY to ?1,362 crore, surpassing estimates. Revenue from operations also climbed 23% to ?5,241 crore. Royal Enfield achieved record quarterly sales of 280,801 motorcycles and crossed the one million annual sales milestone. VE Commercial Vehicles also saw growth, with revenue up 7.7%.
Eicher Motors Q4 Results: Cons PAT jumps 27% YoY to Rs 1,362 crore; Rs 70/share dividend declared
Eicher Motors Q4 Results: Revenue from operations for the March quarter rose 23% year-on-year to Rs 5,241 crore, compared to Rs 4,256 crore in the same period last year.
Stocks to buy today: Nuvama maintains reduce rating on Tata Motors; MS sees over 20% upside in Aditya Birla Capital
Brokerage firms provide insights on select stocks. Morgan Stanley is optimistic about Aditya Birla Capital, citing improvements across business segments. Nuvama maintains a Buy rating on Jubilant Ingrevia, highlighting solid margins. However, Nuvama is cautious on Tata Motors, reducing its target price due to muted growth projections. These recommendations offer a mixed outlook for investors.
Tata Motors shares crack 3% after Q4 profit drops 51% YoY
Tata Motors' shares experienced a dip following the announcement of a 51% YoY decline in consolidated net profit for Q4FY25, despite exceeding Street expectations. While revenue remained flat, Jaguar Land Rover saw increased profitability, and the commercial vehicles segment delivered strong profits.
Tata Motors reports decline in Q4 profit amidst tax credit impact, JLR profitability challenges
Tata Motors' Q4 net profit declined due to a deferred tax credit impact and exceptional items, despite surpassing revenue estimates. JLR's profitability dipped, while domestic segments saw margin expansion. The company remains optimistic, planning strategic adjustments amid geopolitical challenges and focusing on cost management at JLR. They are addressing EV market share decline with new launches and model improvements.
EV maker Greaves Electric Mobility gets Sebi nod for IPO
Greaves Electric Mobility has received Sebi approval for its IPO, comprising a ?1,000 crore fresh issue and an OFS of 18.9 crore shares. Proceeds will fund tech development, battery assembly, manufacturing expansion, acquisitions, and digitization efforts.
Accelerating towards tomorrow: India’s electric vehicle revolution
Government initiatives, including the FAME and Production Linked Incentive (PLI) schemes, have bolstered local manufacturing and competitiveness. PM E Drive underscores India's policy dedication to innovation and sustainability in the EV sector.
Tata Motors Q4 Results: PAT falls 51% YoY to Rs 8,470 crore; Rs 6 per share dividend declared
Leading automaker Tata Motors on Tuesday reported 51% fall in its consolidated net profit at Rs 8,470 crore in the quarter ended March 2025. Revenue from operations in the same period were flat at Rs 1.19 lakh crore.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 26%
With the India-Pakistan tensions cooling off and the tariff war launched by US President Trump seemingly headed for a generally acceptable conclusion, the global markets are in a good mood. So, there is a case for being bullish, and the Indian markets are no exception. The only difference in India is that we are in the midst of the Q4 results season and investors should not lose sight of earnings and how they pan out for companies and sectors. Why? Because, in the end, it is earnings which decide stock prices and valuations.
Residential mortgage securities may reshape realty market
Residential mortgage-backed securities (RMBS) have been listed on the NSE for the first time in India, potentially raising over ?10,000 crore this financial year. This development is expected to reshape the property market by providing new funding avenues and enabling lenders to extend more credit, aligning with the 'Housing for All' initiative.
Why it's time to mend India's broken EV financing ecosystem
A unified approach involving OEMs, financiers, and regulators is crucial to establish data-driven underwriting and a robust used EV market, fostering a sustainable electric future.
Delhi HC halts Gensol & BluSmart 3rd party claims on 220 EVs
The Delhi High Court has further restricted Gensol Engineering and BluSmart Mobility from creating third-party rights over 220 additional EVs leased by SMAS Auto Leasing India and Shefasteq OPC due to failure in lease payouts. This follows similar petitions by other lessors, with the court appointing receivers but denying repossession.
Delhi HC curbs Gensol, BluSmart from creating third-party rights over 220 EVs leased to SMAS Auto, Shefasteq OPC
SMAS Auto had leased 164 EVs to Gensol and 46 to BluSmart, while Shefasteq had leased 10. Justice Jyoti Singh refused to direct repossession of the EVs, as sought by the lessors. The court also asked Gensol to submit a status report on the leased EVs within two days, besides furnishing a comprehensive statement of their assets and liabilities.
Amazon's robotaxi startup Zoox to scale up production for US expansion: FT report
Amazon's Zoox is set to boost robotaxi production next year, expanding its operations with a new Bay Area facility. This move supports the planned commercial launch of its autonomous fleet in the US, starting with public rides in Las Vegas and San Francisco. The expansion aims to scale production from dozens to hundreds, even thousands, of custom-built vehicles.
Tata Motors shares in focus after shareholders approve plan to split into two listed companies
Tata Motors shares: As per Tuesday’s exchange filing, 99.9995% of shareholders approved the demerger plan, under which each will receive equal shares in the two newly listed entities.
Uber partners with China's Pony AI to deploy self-driving taxis in key Middle East market
Uber is partnering with China’s Pony AI to deploy robotaxis, starting in the Middle East later this year. The move strengthens Uber’s position in autonomous mobility, following deals with May Mobility, Momenta, and Waymo, amid rising global competition in the robotaxi market.
Time to shed the negative bias and look ahead: 6 auto stocks with an upside potential of up to 42%
The headlines about auto sales numbers paint a gloomy picture. Should you be surprised by the low numbers? The answer is no. There is a technical reason why April sales tend to be lower. A lot of frontloading of sales happens in March in order to take advantage of depreciation norms. What many may have missed is that, in some cases, the auto stocks have already priced in this slowdown. In other cases, the stocks have not seen any drop, clearly indicating that there is no selling pressure. Is it because their EV forays are turning out to be better than expected?
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