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We prefer TVS Motors and Hero Motocorp in 2Ws; M&M (non-coverage) as a play in the PV/LCV/tractor segment, followed by Maruti in PVs. We also keep a close watch on Ashok Leyland and Eicher (VECV) in the CV space for potential volume growth.
After levying an initial 10% tariffs across all the imports from China, Trump has over Chinese counterparts considering 10% retaliatory tariffs by USA on Indian companies. USA is largest importer of chemicals of India and accounts for 14% of the total chemical's exports from India. Back in 2018 when first trade war between USA-China began, India was a beneficiary with its total exports to...
Asian markets traded lower following a sell-off on Wall Street after U.S. President Donald Trump reaffirmed that tariffs on Mexico and Canada would proceed as planned. The Nikkei, Hang Seng, and Shanghai indices declined by 2.15%, 1.21%, and 0.16%, respectively.