TWO WHEELER INDUSTRY
Renesas-CG Power venture likely to roll out first chip by mid-2026, says Hidetoshi Shibata
Japanese firm Renesas Electronics, which supplied components for Chandrayaan-3, expects its chip assembly venture with Murugappa group's CG Power to roll out its first chip by mid-2026. Mass production is slated for 2027 in Sanand. Renesas is also working on collaboration with other Indian partners and expanding its Bengaluru and Noida centres.
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.
Hero MotoCorp Q4 Results: Standalone PAT rises 6% YoY to Rs 1,081 crore; dividend declared at Rs 65/share
Hero MotoCorp Q4 Results: Hero MotoCorp reported a 6% YoY increase in Q4 net profit, reaching Rs 1,081 crore, with revenue up 4% to Rs 9,519 crore. The company achieved record revenue and profit for FY25, driven by growth in premium, scooter, and EV segments. A final dividend of Rs 65 per share was recommended, reflecting the company's strong performance and future outlook.
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.
Ather trims Q4 loss; Startups power defence push
Ather Energy reduced its losses in the March quarter, boosted by higher sales and improved profitability. This and more in today’s ETtech Top 5.
Stocks in news: Tata Steel, Swiggy, Dr Reddy's, Cyient DLM, Thermax, Adani Power
Indian equity benchmarks faced a correction last week, influencing today's trading focus on companies like Tata Steel and Adani Power due to earnings reports and news. Dr. Reddy's reported a 22% profit increase, while Swiggy's losses nearly doubled. Canara Bank mobilized significant funds through staff efforts, and TVS Motor anticipates industry growth.
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Are they ready to lead the next leg of the rally? 8 stocks from banking & financial services with an upside potential of up to 42%
Over the past three years, the RBI has been tightening regulations in many segments of the financial services space, forcing both banks and NBFCs to clean up their acts. Firms belonging to strong industrial houses have been preparing themselves for a long time to stay updated with all the new rules and regulations. In fact, some of the large banks have seen a valuation readjustment and are currently placed at levels where they have once again started to show signs of outperformance. So, is it time to take a look at these stocks?
Former ICAR chief Subbanna Ayyappan found dead in Cauvery river
Subbanna Ayyappan, a Padma Shri awardee and former Director General of ICAR, has been found dead in the Cauvery river near Srirangapatna. His body was discovered after he was reported missing on May 7. Police found his two-wheeler near the riverbank and are investigating the cause of death, considering his history of meditating at a nearby ashram.
Two-wheeler sales to sustain growth momentum in FY26: TVS Motor
TVS Motor Company anticipates sustained growth in the two-wheeler industry, driven by income tax relief, infrastructure spending, and a predicted normal monsoon. The industry witnessed an 8% increase in registrations in FY25. Aided by a projected GDP growth of 6.5% and a reduction in repo rates, the company expects positive consumer sentiment and an uptick in replacement cycles.
Border tension eases: Consumer companies see demand recovery and revival in sentiment
Easing tensions between India and Pakistan bring hope for a revival in consumer sentiment and demand after a recent dip. The war-like situation impacted normal life and sales across multiple states, but the ceasefire is expected to improve the situation. Companies anticipate a recovery in the coming weeks, with consumers returning and sales picking up, especially in border states.
Multibagger or IBC (Series: AA 125), Part 5: This company, at the right place at the right time
In its 2017-18 annual report, this company stated: “The future belongs to Electric vehicles (EVs), and LEDs will be significantly efficient on these vehicles” and that “plans are on the anvil to localise products (for EVs)”. The 2021-22 annual report shows it was not all tall talk. The company, it said, had set up a “state-of-the-art electronics plant in Bawal, Haryana, where [it] will manufacture cutting-edge electronic components and technology software – focusing on developing EV components. Cut to Q3FY25: 33% of its total order book of Rs. 2,600 crore comes from EVs.
Porter joins unicorn club with $200 million funding round; valuation hits $1.2 billion
The funding round for the on-demand logistics platform marked the exit of its early investors -- Peak XV Partners fully sold off its position, while Kae Capital and Lightrock have partially offloaded their stakes. Existing investor Vitruvian Partners also participated in the round. The $1.2 billion valuation is more than double the last $500 million post-money valuation of 2021, when it raised $101 million in a round led by Tiger Global.
These mid-cap stocks with ‘strong buy’ & ‘buy’ recos can rally over 30%, according to analysts
Geopolitical tensions were the top concern of the markets in the past couple of weeks. The way things have panned out so far, it would appear that any risk linked to that may well be behind us soon. Now, an interesting fact is that FPI flows also turned positive in the past couple of weeks. That is, in the period when it was known that there was a likelihood of increased geopolitical tensions. So, the money that is coming in is well aware of the risk. And if FPI monies keep pouring in, there is a likelihood that we may see some life coming back to the mid-cap segment of the market.
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.
Watch: Vijay’s fan breaches security for a selfie, actor security guard points gun at him
A few seconds into the clip, a man breaches the security and tries to approach Vijay. At this moment, a security guard points a gun at the fan.
UBS finds 4 reasons to be bullish on Indian stocks, picks 4 fav sectors
UBS forecasts an 8% Nifty 50 upside over the next year, driven by a Rs 7 trillion consumption stimulus, lower oil prices, resilient rural demand, and attractive valuations. The brokerage favours financials, autos, real estate, and consumption sectors, while remaining cautious on IT, industrials, and pharma due to global uncertainties.
Rilox EV partners with Hala Mobility to deploy 20,000 electric two-wheelers
Rilox EV and Hala Mobility have partnered to deploy 20,000 electric two-wheelers for gig workers, urban commuters, and fleet operators. The deployment will begin with low-speed models and expand to high-speed variants, with 400 vehicles rolled out monthly. This collaboration aims to address India's urban mobility needs with cost-efficient and scalable EV solutions.
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?
Exclusive: Ola brand IP may transfer to Bhavish Aggarwal’s family office amid group restructuring
ANI Technologies operates the group’s ride-hailing business and holds the brand IP, which is currently licensed to Ola Electric, a separately listed electric vehicle (EV) company, in exchange for a fee. The proposed shift in ownership comes amid broader questions over the cross-holding of assets within the Ola ecosystem. The firms–ranging from ANI to Ola Electric and AI startup Krutrim–have overlapping but distinct shareholder bases.
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.
Multibagger or IBC (Series: AA 125), Part 4: It saw the transformation and is much better placed to capitalize on it and create wealth
This auto ancillary foresaw the coming of the electric vehicle (EV) age way back in 2012. In its annual report that year, it quoted a study that projected a significant jump in EV two- and four-wheelers by 2020. In just five years, in 2017, it noted: “We are at the forefront to capitalise on this opportunity, given our track record of being the first and the only manufacturer in the country to supply gear lever to electric cars…” Fast forward to 2024: Almost 40% of its order book comes from EVs. Foresight apart, this company was also fortunate on another front: Its product mix. Read on to know why.
Ola Electric’s market share dips below TVS amid sharp drop in April sales
Ola Electric has lost its top spot to TVS Motor after a big drop in sales last month. Other companies like Bajaj Auto and Ather Energy are doing better, while the Bhavish Agrawal-led electric scooter maker is facing questions about its sales numbers. Ola Electric is also dealing with issues at its showrooms.
In a slow market, SUVs keep motown going
Mahindra & Mahindra surpassed Hyundai and Tata Motors in passenger vehicle sales last month, driven by strong SUV demand, while the overall industry saw a modest 6% growth. Maruti Suzuki's chairman highlighted affordability issues hindering small car market growth. Meanwhile, Hyundai focuses on exports amid domestic headwinds, and Toyota sustained growth despite a plant shutdown for maintenance.
Tech & export focus could fuel TVS for a long drive
On a year-on-year basis, TVS Motor's revenue from operations rose 17% to ?9,550.4 crore in the March 2025 quarter.
TVS Motor enters FY26 on strong footing driven by rising EV adoption, premium product launches
On a year-on-year basis, TVS Motor's revenue from operations rose 17% to ?9,550.4 crore in the March 2025 quarter. Net profit grew at a faster rate of 76% to ?852.1 crore, buoyed by the fact that benefits under the production-linked incentive (PLI) scheme for the full year were recognised in the fourth quarter.
US auto tariff relief brings temporary respite for OEMs, but uncertainty looms: Jay Kale
Auto tariff relief in the US offers a temporary respite for OEMs, but inflationary pressures persist across sectors. Uncertainty looms, potentially leading to a demand slump, exacerbated by recent guidance cuts from Porsche and pre-buying trends. While domestic auto majors acknowledge a recent slowdown, TVS remains optimistic about two-wheeler growth, contrasting with Maruti's muted outlook on passenger vehicles.
TVS Motor shares slip 3% despite 76% YoY surge in Q4 profit, strong revenue growth
TVS Motor Company's shares declined 3% following Q4 results that, despite a 76% YoY jump in standalone net profit to Rs 852 crore and a 17% rise in revenue to Rs 9,550 crore, disappointed investors. While the company reported its highest-ever operating EBITDA, concerns linger regarding investments in subsidiaries and challenges adapting to Euro 5+ norms for Norton bikes.
Sandip Sabharwal optimistic on auto stocks despite challenges in two-wheeler demand
The acquisition also seems to be reasonably priced. So, it will only add value to the company because the acquiree SML ISUZU has a good brand image in the segments in which it operates. This acquisition per se I would think is a positive development.
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