Sector Automobiles & Auto Components - Latest news, views and updates

SECTOR | 21 Feb 2025

Japanese group draws up plans for Tesla to invest in Nissan: Report

Business Standard

Some analysts, however, are doubtful of Tesla's interest in acquiring U.S. plants, citing its ample capacity at existing factories and first decline in yearly deliveries in 2024

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Automobiles & Auto Components

SECTOR | 21 Feb 2025

Honda Motorcycle Expands BigWing Footprint, Opens Showroom In Chennai

NDTV Profit

The outlet in Pallikaranai is one of the 145 BigWing touchpoints currently operational across the country, the company said.

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Automobiles & Auto Components

SECTOR | 21 Feb 2025

Mercedes Expects 2025 Sales To Be Lower; Sees Earnings Significantly Below' 2024 Levels

NDTV Profit

Overall EBIT, which is earnings before interest and taxes, was down 31% and the company's outlook is estimated Significantly Below' 2024 levels.

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Automobiles & Auto Components

SECTOR | 21 Feb 2025

Moody's cuts Nissan rating to 'junk' status, keeps negative outlook

Business Standard

Nissan has been working on a turnaround programme under which it plans to cut its workforce by 9,000 people and global manufacturing capacity by 20 per cent

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Automobiles & Auto Components

SECTOR | 21 Feb 2025

We see no need for special deal to avoid US tariffs, says BMW executive

Business Standard

BMW's plant in South Carolina is its biggest worldwide by output and a major exporter to markets including China, Germany, and Britain

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Automobiles & Auto Components

SECTOR | 20 Feb 2025

Customs Defends $1.4 Billion Tax Demand Against Skoda Auto Volkswagen India

NDTV Profit

"You have to follow the law. You have to fall in line. The rule of law is the same for everyone. Similar importers are already paying 30%," he said.

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Automobiles & Auto Components

SECTOR | 20 Feb 2025

Mercedes-Benz cuts costs, renews focus on combustion engine models

Business Standard

The German luxury carmaker will release 19 new combustion engine models and 17 battery-electric cars by the end of 2027

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Automobiles & Auto Components

SECTOR | 20 Feb 2025

Renault beats profit forecast in 2024, warns on EU emissions rules

Business Standard

The company, one of the few in the sector to have maintained its targets last year, reported operating profit of 4.3 billion euros ($4.49 billion), up 3.5 per cent on the previous year

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Automobiles & Auto Components

SECTOR | 19 Feb 2025

Smart wearable firm Boult expects 33% growth in FY25, Rs 800 cr net revenue

Business Standard

Smart wearable firm Boult expects to close the current financial year with about 33 per cent growth in net revenue at Rs 800 crore, a top company official said on Wednesday. Speaking on the sidelines of launching new TWS (truly wireless) earwears, as part of a collaboration with Ford Mustang, Boult Co-Founder and CEO, Varun Gupta said the company expects the 25 per cent of total sales to come from smartwatch portfolio and around 75 per cent from audio devices in the current fiscal year. "We had Rs 600 crore revenue in 2024-25. This year, we are on track to record a revenue of Rs 800 crore minus taxes. Our gross merchandise value will be over Rs 1,000 crore," Gupta said. According to the market research firm IDC, India's wearable device full-year shipments declined year-on-year for the first time ever, falling 11.3 per cent to 119 million units in 2024 compared to about 134 million units supplied in 2023. The major decline was driven by smartwatches while the earwear category...

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.

Automobiles & Auto Components

SECTOR | 19 Feb 2025

F1 2025 Liveries: McLaren, Ferrari, Red Bull, Mercedes And Others Unveil Stunning New Designs

NDTV Profit

McLaren's 2025 car features a classy combination of black and papaya. The Constructors' Champion will look forward to repeating their 2024 heroics starting in March.

Axis Direct released a Sector Update report for Automobiles & Auto Components on 05 May, 2025.