ELECTRIC VEHICLE MANUFACTURERS
Oil drops 2% on expectations for US-Iran nuclear deal
Oil prices fell on Thursday on expectations for a U.S.-Iran nuclear deal that could result in sanctions being eased, while a surprise build in U.S. crude oil inventories last week heightened investor concerns about oversupply.
The hottest jobs 5 years from now? The answers will surprise you
The job market is evolving too fast for five-year career predictions. Experts say AI, climate tech, space tech, and bioengineering will reshape entry-level roles. Skills in data science, automation, IoT, sustainability, and digital transformation will be key across sectors—from agritech and pharma to banking, manufacturing, auto, FMCG, and e-commerce—as new jobs replace older ones.
Will interest rate cycle bring their mojo back? 10 stocks from sectors where we all spend money, with upside potential of up to 66%
There are clear indications both from the RBI and in the budget that interest rates are likely to soften. Now, there are many sectors whose fortunes are linked to the rate of interest. For instance, many consumption items are brought on credit and interest rates impact the EMIs people pay. And with more disposable income in hand, thanks to the lower tax liability announced for the current financial year in the budget, consumption of some goods may increase.
Foxconn profit surges on AI demand, but more conservative on 2025 outlook
Foxconn reported a 91% surge in Q1 profit, driven by strong AI server demand, beating forecasts. Despite robust AI growth, it issued a more cautious full-year outlook amid US-China trade tensions. The company is expanding in electric vehicles and shifting some production to Mexico to mitigate tariff risks.
HCL-Foxconn chip plant approved: A look at six semiconductor facilities across India
Three of these semiconductor facilities are based in Sanand, Gujarat. A fourth is coming up in Dholera, Gujarat, and a fifth in Assam. The recently approved unit is being jointly built by HCL Group and Foxconn near the upcoming Jewar airport in Yamuna Expressway Industrial Development Authority (YEIDA).
Apple supplier Foxconn cuts outlook due to tariff uncertainty
Foxconn, a major Apple and Nvidia supplier, anticipates challenges due to U.S. tariff uncertainties, leading to a more cautious full-year outlook despite strong AI server demand. While a temporary tariff truce offers some relief, the need for a permanent trade deal remains crucial. The company reported a significant jump in first-quarter profit and is expanding into electric vehicles.
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Tata Elxsi partners with Mercedes-Benz R&D India for vehicle engineering & SDV push; stock up 2.5%
Tata Elxsi on Wednesday said it had partnered with Mercedes-Benz Research and Development India (MBRDI) for vehicle software engineering and software-defined vehicle (SDV) development, marking a significant expansion in its automotive software capabilities.
Sterling Tools to manufacture, market rare earth magnet-free traction motors for electric vehicles
Sterling Tools, via its subsidiary SGEM, is entering the electric vehicle traction motor market, manufacturing rare earth magnet-free motors through a technology licensing agreement with AEM Ltd. This move aims to reduce reliance on China and bolster India's EV supply chain.
Foxconn expected to post strong Q1 profit growth on AI server demand
Foxconn, formally called Hon Hai Precision Industry, said last month that its first-quarter revenue jumped 24.2% to a record for that quarter on strong sales of AI servers. But global trade uncertainty could dim the prospects for its outlook this year, as it has a major manufacturing presence in China, though Washington and Beijing on Monday agreed to slash steep tariffs for at least 90 days.
Exide aims to become a Rs 20000-crore company in the next 2-3 years
Exide Industries plans to reach Rs 20000 crore in the next few years. Avik Roy shared the company's growth strategy. Exide is setting up a lithium-ion cell manufacturing unit in Bengaluru. This unit will support the growing electric vehicle market. Exide has signed an agreement with Hyundai Motor and Kia Corporation.
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.
There are two Chinas, and America must understand both
The American perception of China is divided between two extremes: a global tech and manufacturing powerhouse, and an economy teetering on collapse. Both views reflect real aspects of the country. On one hand, innovative companies like DeepSeek, BYD, and Huawei showcase China's technological prowess. On the other, the nation grapples with weak consumption, high youth unemployment, a housing crisis, and the ongoing impact of the U.S.-China trade war.
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.
Toyota goes all-in on hybrids, no more gas-only RAV4s in 2026
Toyota will reveal the new RAV4 on May 20. The 2026 RAV4 will feature a redesigned exterior and upgraded interior. It will offer only hybrid and plug-in hybrid powertrains. The standard hybrid will use a 2.5-liter engine with electric motors. The plug-in hybrid could deliver 302 horsepower. Production will likely continue in North America.
PPS Motors Launches MG Windsor PRO in Hyderabad
JSW MG Motor India launched the MG Windsor PRO in Hyderabad, featuring a new 52.9 kWh battery, enhanced safety with ADAS L2, and Vehicle2Load/Vehicle2Vehicle tech. Priced at INR 17,49,800 for the first 8,000 bookings, it aims to boost EV adoption.
Hindustan Zinc's fertiliser plant may become operational next fiscal: Chairperson
Hindustan Zinc Ltd (HZL) is set to inaugurate its fertilizer plant in Rajasthan by FY27, aiming to produce 0.5 MT of DAP fertilizer annually. The company is also diversifying into exploration of critical minerals like copper and lithium through its subsidiary, aligning with India's mineral security vision. HZL reported a 47.
Adani Group deploys India's 1st hydrogen-powered truck for mining logistics
Adani Group has launched India's first hydrogen-powered truck for mining logistics in Chhattisgarh, capable of carrying 40 tonnes over 200 km. This initiative, a collaboration with energy technology firms and an auto manufacturer, aims to replace diesel vehicles and promote cleaner transportation.
Tesla’s China troubles deepen as GigaShanghai sales slump for 7th month straight, hitting lowest levels since COVID lockdowns
Tesla faces challenges in the Chinese market. Sales in China declined in April, marking the seventh consecutive monthly drop. Competition from local brands like BYD, Geely, and SAIC-GM-Wuling is intensifying. Tesla is now fourth in China's New Energy Vehicle production. The company is rumoured to be developing new, more affordable models for the Chinese market.
Chipmaker Wolfspeed shares fall 23% as slowing EV sales hit annual revenue forecast
Chipmaker Wolfspeed's shares fell 23% on Friday after it raised going-concern doubts and forecast weaker-than-expected annual revenue as it grapples with slowing electric-vehicle demand amid economic uncertainty.
Debunking Myths: The game changing benefits of EVs
EVs are increasingly recognized as a pivotal solution to the pressing environmental challenges faced both in India and globally. However, persistent myths and misconceptions about EVs are being perpetuated by certain vested interests to foster uncertainty among potential EV buyers. It’s important to bust these myths so the public has access to accurate, evidence-based information about the advantages of EVs.
India UK FTA paves way for similar agreements with countries like USA, EU: Bank of Baroda
The recently concluded Free Trade Agreement between India and the United Kingdom is expected to benefit both nations economically and could also pave the way for similar agreements with other countries such as the United States and the European Union, says a report by Bank of Baroda.
No duty cuts by India on diamond, silver, smartphones, optical fibres to UK under FTA
India and UK have signed a free trade agreement. India will not reduce duties on some industrial goods like diamonds and smartphones. There will be limited duty concessions for petrol, diesel, and electric vehicles. The aim is to double trade by 2030. Tariffs on automotive imports will decrease. This deal should help Indian auto component makers and consumers.
Simple Energy plans IPO by FY27, aims to raise Rs 3,000 cr
Simple Energy, an electric two-wheeler manufacturer, is planning an IPO by FY27 to raise ?3,000 crore for market expansion, a new manufacturing unit, and R&D. The company aims to increase its touchpoints from 15 to 500 in the next two years and targets ?800 crore in revenue in FY26.
Foxconn signs EV pact with Japan's Mitsubishi Motors
It marks Foxconn's first major contract in the fast-growing EV sector, and comes as analysts say many Japanese automakers will need to seek alternative partners to stay competitive as cars become more high-tech. Mitsubishi Motors and Foxtron Vehicle Technologies said they had signed a memorandum of understanding and would "proceed with discussions towards a definitive agreement".
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?
EVs pose threat to manufacturers of engine components, but also open opportunities in advanced tech: Report
A recent report indicates that the electric vehicle transition will significantly reshape the auto component industry, creating opportunities for suppliers while posing risks to those reliant on internal combustion engine parts. Increased demand for EV-specific components and advanced technologies will boost the role of suppliers.
Industry forecast: FY26 seen as too good for 2-wheelers
Two-wheeler manufacturers anticipate sales to reach pre-pandemic levels in FY26, driven by factors like lower EMIs, increased disposable income, and favorable monsoons. The industry expects continued growth, supported by rising EV sales and improved entry-level demand. However, the passenger vehicle segment faces challenges due to weak demand for entry-level cars, with utility vehicles dominating sales.
E-bus maker Eka Mobility raising Rs 200-300 crore from Enam Holdings
Eka Mobility, an electric vehicle manufacturer, is reportedly raising Rs 200-300 crore from Enam Holdings to fuel its expansion plans. The deal, structured as a convertible, could potentially elevate the company to near unicorn status, contingent on achieving specific performance targets.
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