Ola Electric, Tata Motors, Bajaj Auto Jump Up To 6% As China Assures Rare Earth Magnet Supply
Indian auto stocks surged up to 6% as China assured India of addressing rare earth supply concerns, easing fears of production disruptions
Indian auto stocks extended their rally on Tuesday, with Ola Electric, Bajaj Auto, Hero MotoCorp, Hyundai Motor, Eicher Motors, and Maruti Suzuki climbing up to 6% in trade. The Nifty Auto index rose 1%, adding to Monday's nearly 5% jump on hopes of a possible GST cut to spur vehicle demand.
The rally gained further traction after reports that China has assured India it will address concerns over supplies of rare earth magnets and tunnel boring machines. Rare earth magnets, of which China controls about 90% of global output, are critical for automakers.
Shortages have already hit production, with Bajaj Auto cutting its EV two-wheeler output by up to 50% in July and warning of continued constraints.
Hero MotoCorp said it has secured supplies for both ICE and EV models through Q2FY26, while Tata Motors has flagged rare earth magnets as a potential bottleneck, though its production remains unaffected for now. Both companies are scouting alternative sources.
If Beijing's assurances hold, automakers may get relief from supply disruptions just as domestic demand prospects brighten.
At 10:55 am, Nifty Auto was up 1%, with top gainers including Ola Electric, Bajaj Auto, Tata Motors, Maruti Suzuki, Hero MotoCorp, Eicher Motors, Hyundai Motor India, and TVS Motor. The index has gained 11.2% year-to-date.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
view comments
First Published:
News business » markets Ola Electric, Tata Motors, Bajaj Auto Jump Up To 6% As China Assures Rare Earth Magnet Supply
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Loading comments...
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
28 minutes ago
- Hindustan Times
Facing Trump tariffs, India's shrimp farmers consider switching to other businesses
* Facing Trump tariffs, India's shrimp farmers consider switching to other businesses India is biggest supplier of shrimp to US; 50% tariff hits hard * Shrimp orders to US halted after tariff threat, exporters say * Farmers in India look for other ways to make money * Ecuador sees potential to expand in US if India's exports fall By Rishika Sadam and Yury Garcia HYDERABAD, India/GUAYAQUIL, Ecuador Aug 19 - O n India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States. Now, Donald Trump's 50% tariff threat is forcing many to consider other ways of making money. Andhra Pradesh state sends the most shrimp from India to the U.S. and farmers there have spent millions of rupees over the years to cultivate high-quality shrimp in saline ponds. Now they are being hit hard as Indian exporters have slashed rates they offer farmers by almost 20% after the tariff shock, wiping out most of their profits. "I am contemplating if I should do fish farming," said the 46-year-old from Veeravasaram village who has already mortgaged his family property and has $45,800 in outstanding loans. "These prices will not help me get any profits and I will not be able to pay off my loan." The United States is the biggest market for India's shrimp farmers and exporters, with clients including U.S. supermarket chains such as Walmart and Kroger. Last year, total seafood exports from India globally stood at $7.4 billion, with shrimp accounting for 40%. But the industry is now in troubled waters with President Trump's 25% tariff on imports from India already in place - the highest among major economies, and another 25% levy to kick in from August 27 to penalize New Delhi for buying Russian oil. By comparison, Ecuador, India's main rival for shrimp exports to the U.S., faces a much lower 15% tariff, heightening its competitive edge. In Andhra, there are around 300,000 farmers engaged in shrimp farming, selling products to dozens of exporters who ship to America. Pawan Kumar, head of the Seafood Exporters Association of India, said orders from U.S. clients have been paused in recent weeks as buyers aren't willing to absorb the tariff, and neither can exporters, forcing the latter to cut prices they pay to farmers. Although India also sells shrimp to other countries such as China, Japan and the UK, and likely will look to expand sales there and diversify into new markets, "that's not going to happen overnight," Kumar said. The impact is yet another example of how Trump's tariff threats are causing business disruptions across the world, especially in India, given it faces one of the steepest levies that have soured its relations with Washington. In Andhra, six of 12 farmers Reuters interviewed said they were considering putting shrimp farming on hold and looking at fish farming, vegetable retailing or other local businesses to tide over the crisis. The other six are choosing to wait it out a bit. Each round of shrimp cultivation takes about 2 months or more. While prices being offered for their shrimp are being slashed, the farmers said they still face loan payments and high operating costs for electricity, raw material and feed, as well as high land rentals. "There's hardly a 20-25% profit for us on good days, and if that's getting eaten up, what else is left?," said Gopinath Duggineni, the chief of a local union in Ongole city, adding the farmers plan to seek financial support from the state government. Ecuador, meanwhile, is closely tracking tariffs on India to seize on business opportunities, but producers there will go slow on new investments amid uncertainty over whether India and the Trump administration could strike a tariff deal, said Jose Antonio Camposano, president of National Chamber of Aquaculture of Ecuador. "India's exports are highly concentrated in the United States ... just as China is for us. So that is where we could gain ground if India withdraws," he said. This article was generated from an automated news agency feed without modifications to text.
Indian Express
28 minutes ago
- Indian Express
ChatGPT Go vs ChatGPT Plus vs ChatGPT Free: which plan should you pick?
OpenAI recently launched ChatGPT Go, an affordable subscription plan for the chatbot designed for Indian users. This plan costs only Rs 399 monthly, making it the most budget-friendly ChatGPT option offered by OpenAI. However, ChatGPT's longstanding Plus subscription offers more features and tools at Rs 1,299 per month. It also includes a free subscription model with limited capabilities. All three subscription plans cater to different user needs. With varying pricing, users may be unsure which plan suits them best. Here is a comparison of the three subscription options offered by OpenAI for its chatbot. The new plan, known as ChatGPT Go, is available exclusively in India for Rs 399 per month and aims to make advanced artificial intelligence features more accessible to a broader audience. Apart from the free version, ChatGPT Go users will gain access to several enhanced features. This includes access to the flagship GPT-5 model, allowing for greater utilisation and customised responses with an expanded memory. Furthermore, the plan provides additional access to complex data analysis tools, file uploads, and image generation—all essential for various activities and projects. The new subscription can also be used on the company's latest service via WhatsApp and the ChatGPT mobile app. ChatGPT Plus, OpenAI's premium subscription, has become the preferred option for users seeking enhanced functionality and performance. Priced at Rs 1,999 per month in India, it offers a more comprehensive user experience and a suite of powerful tools, representing a significant upgrade over the free version. Subscribers gain access to a wide array of features, including specialised tools like Deep Research and Agent Mode for complex tasks, as well as older models such as GPT-4. The membership also includes Sora, OpenAI's text-to-video AI model, for video creation. Additional benefits include improved integrations with popular work platforms like Gmail, Teams, Notion, GitHub, and Canva. The subscription also comes with higher usage limits, allowing advanced users to work uninterrupted and fully harness the AI's capabilities. With a few features and no monthly cost, this free subscription model provides a good starting point for customers to experiment with AI. The most recent model, GPT-5, is available with ChatGPT's free edition, although there are usage limits, including on the number of messages that may be sent in a certain time frame and the number of images you could generate. Additionally, users on the free plan can create and upload photos, use ChatGPT Voice, and do web searches for up-to-date information. Even though these sophisticated tools have usage restrictions, the free version is still a strong choice for novices and casual users to explore AI's possibilities. The ChatGPT Go membership is positioned as an economical option for Indian students and part-time workers. It offers a significant upgrade over the free version at just Rs 399 per month. For those needing more than what the free tier provides but not the full features of the premium plans, this plan is an ideal starting point. However, the ChatGPT Plus plan, which costs Rs 1,999 per month, is still an expensive subscription that is most appropriate for consumers who depend on AI for complex tasks as well as academics and professionals. OpenAI also maintains a strong free version of ChatGPT, ensuring broad access to AI's potential. As a result, the free version is an excellent resource for casual use, for general questions, and creative brainstorming.
Business Standard
28 minutes ago
- Business Standard
Siemens Xcelerator empowers space-tech pioneer Skyroot Aerospace in its Digital Transformation
PRNewswire Bengaluru (Karnataka) [India], August 19: Siemens Digital Industries Software announced today that Skyroot Aerospace, a leading private space launch service company in India, has adopted Polarion™ software from the Siemens Xcelerator portfolio to digitally transform its software development processes and enhance efficiency, as it aims to accelerate access to space for its customers worldwide. The Indian rocket maker adopts Polarion to optimize software workflow andenhance efficiency. Founded in 2018 by Pawan Kumar Chandana and Naga Bharath Daka, Skyroot Aerospace made history in 2022 with Vikram-S, India's first privately developed rocket to reach space, and is now preparing for commercial orbital launches with Vikram-1. Headquartered in Hyderabad, Telangana, Skyroot operates with a team of over 500 space professionals and leverages advanced manufacturing technologies - including carbon composites and 3D-printed engines- to build affordable, on-demand, and versatile launch vehicles. "As a fast-growing aerospace company serving a diverse set of global customers, optimizing our software lifecycle is essential to executing projects efficiently. Polarion provides a seamless solution to manage our software workflows, allowing our team to focus on what they do best. With Siemens' deep expertise in the aerospace industry, we know we have a trusted partner as we continue to push the boundaries of space technology," said Naga Bharath Daka, Co-founder & COO, Skyroot Aerospace. By adopting Polarion, Skyroot is able to unify its software and systems development processes, improve traceability and compliance, enhance collaboration across engineering teams, and streamline lifecycle management for its aerospace systems. "Skyroot Aerospace is a true pioneer in both the Indian private space industry and globally, achieving remarkable growth and investment as it builds out its program - and its testament to its vision that is adopting Polarion to accelerate its digital transformation," said Mathew Thomas, Vice President and Managing Director for India, Siemens Digital Industries Software. "The Indian space industry is set for growth, and I'm delighted to see that homegrown leaders such as Skyroot Aerospace are choosing Siemens as their trusted partner, and we look forward to helping it achieve its mission to make spaceflight affordable, on-demand, and versatile." To learn more about how Siemens Xcelerator is bringing the power of digital transformation to the aerospace and defense industry, visit Contact for journalists Siemens Digital Industries Software PR Team Email: Siemens Digital Industries Software helps organizations of all sizes digitally transform using software, hardware and services from the Siemens Xcelerator business platform. Siemens' software and the comprehensive digital twin enable companies to optimize their design, engineering and manufacturing processes to turn today's ideas into the sustainable products of the future. From chips to entire systems, from product to process, across all industries. Siemens Digital Industries Software - Accelerating transformation. Note: A list of relevant Siemens trademarks can be found here. Other trademarks belong to their respective owners.
