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

SECTOR | 16 May 2025

Watch out for these stocks today: IndusInd Bank, Infy, Shraddha Prime, Vipul Organics, GPT Infra, JK Tyre, JSW Energy, Alkem Lab, Bajaj Auto

Business Line

Key Results: BHEL, BMW, CreditAccess Grameen, Delhivery, ESAF Small Finance Bank, GIC Housing Finance, Heritage Foods, Hyundai Motor India, Jubilant Pharmova, Nucleus Software Exports, Shipping Corporation, S H Kelkar, Texmaco Rail

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

Automobiles & Auto Components

SECTOR | 15 May 2025

Yamaha announces free 10-year warranty on all bikes and scooters

Economic Times

India Yamaha Motor has introduced a 10-Year Total Warranty for its India-manufactured motorcycles and scooters, covering up to 1,00,000 km for scooters and 1,25,000 km for motorcycles. This initiative, celebrating Yamaha's 40th year in India, includes a 2-Year Standard Warranty and an 8-Year Extended Warranty, applicable to engine and electrical parts.

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

Automobiles & Auto Components

SECTOR | 15 May 2025

Vehicles sales in April decline by 13% y-o-y due to poor two-wheeler dispatches

Business Line

The poor show was mainly due to decline in sales by market leaders; Hero MotoCorp, Honda Motorcycle & Scooter India and Bajaj Auto who reported degrowth of sales by 44%, 12% and 13% respectively.

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

Auto Sales In April 2025: Two-Wheeler Sales Down 16%, Car Sales Up 3.9%

NDTV Profit | 15 May 2025

Automobiles & Auto Components

SECTOR | 13 May 2025

DRI detects over Rs 25 cr duty evasion by luxury car importers, arrests 1

Business Standard

The Directorate of Revenue Intelligence (DRI) has detected customs duty evasion of over Rs 25 crore by way of undervaluation by luxury car importers, the finance ministry said on Tuesday. As per DRI, high-end Luxury Cars were being imported by resorting to undervaluation to the extent of 50 per cent by mis-declaring the import value at the Indian ports to evade the applicable Customs Duties. These luxury cars would first be transported to Dubai/Sri Lanka from the USA/Japan, for the purpose of conversion from left to right-hand drive (RHD) and other modifications, before being imported into India by mis-declaring the import value by using fabricated documents. "In the investigation, it was ascertained that more than 30 Luxury Cars, viz models like Hummer EV, Cadillac Escalade, Rolls-Royce, Lexus, Toyota Land Cruiser & Lincoln Navigator, have been imported by using the above modus operandi. The importers involved are based in Hyderabad, Mumbai, Pune, Ahmedabad, Bangalore & Delhi

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

Automobiles & Auto Components

SECTOR | 13 May 2025

Nissan shuts plants, slashes jobs after worst loss in 25 Years

Business Line

The company decided against issuing an operating profit forecast for the fiscal year ending March 2026 and reported a net loss of 670.9 billion ($4.5 billion) in the year that ended in March

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

Nissan to cut over 10K more jobs globally amid deepening financial woes

Business Standard | 12 May 2025 1 more

Automobiles & Auto Components

SECTOR | 13 May 2025

Nissan cuts 15% of global work force as Japan automaker sinks into losses

Business Standard

Nissan is slashing about 15 per cent of its global work force, or about 20,000 employees, as the Japanese automaker reported a loss for the fiscal year that just ended amid slipping vehicle sales in China and other nations. Nissan Motor Corp said it will reduce the number of its auto plants to 10 from 17, under what it called its recovery plan to carry out decisive and bold actions to enhance performance and create a leaner, more resilient business that adapts quickly to market changes. The Yokohama-based automaker said US President Donald Trump's tariffs on auto imports also hurt its results. Nissan is aiming to reduce its costs by 250 billion Yen (USD 1.7 billion) during the next fiscal year compared to the fiscal 2024 results that just ended in March. Nissan racked up a loss of 670.9 billion Yen (USD 4.5 billion) for the fiscal year through March, down from a 426.6 billion Yen profit recorded the previous fiscal year. Restructuring costs also hit its bottom line. Chief Financia

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

Honda forecasts 24.5% profit drop as China sales dip, Trump tariffs loom

Business Standard | 13 May 2025

Automobiles & Auto Components

SECTOR | 13 May 2025

Nissan to halt operations at some domestic plants for restructuring

Business Standard

Details regarding which specific factories will be affected and whether they will be temporarily suspended or permanently closed are expected to be finalised at a later date

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

Automobiles & Auto Components

SECTOR | 12 May 2025

Toyota faces biggest hit from Trump tariffs among global automakers

Business Standard

The huge tariff hit reflects the company's decision to hold the line on sticker prices at US dealers and production volumes at its 11 American factories amid the start of bilateral trade negotiations

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

Automobiles & Auto Components

SECTOR | 11 May 2025

'A-segment cars to bounce back soon, Kwid to stay as long as viable'

Business Standard

Renault India chief Venkatram Mamillapalle outlines growth plans, including five new launches, higher exports, and a renewed focus on EVs

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

Automobiles & Auto Components

SECTOR | 11 May 2025

India-UK FTA welcome move; not much bearing on car prices: Mercedes-Benz, BMW

Business Line

Around 95% of the cars we sell in India are all CKDs, which means hardly 15-16% duty even today; So to expect a huge price correction, I don't think it would happen even with an FTA," Mercedes-Benz India MD and CEO said

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