Skoda Auto Volkswagen India rejigs leadership, appoints new brand heads
The leadership transition underscores SAVWIPL's emphasis on localisation and nurturing homegrown talent to lead global brands in India. Commenting on the appointments, Piyush Arora, CEO & MD of SAVWIPL, said the changes reinforce the company's commitment to building agile, market-aligned leadership from within India. 'Empowering strong Indian leaders remains a core element of our growth strategy,' he added.Jan Bures, Board Member and Executive Director for Sales, Marketing & Digital, also praised the appointments, noting that both Gupta and Kohli have consistently demonstrated agility and customer-focused thinking.advertisementThe transition marks a broader push by Skoda Auto Volkswagen India to strengthen its market responsiveness through local leadership, drive cross-brand synergies, and support long-term transformation goals.Subscribe to Auto Today Magazine
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
a few seconds ago
- Mint
Best stock recommendations today: MarketSmith India's top picks for 14 August
Stock market today: The Indian stock market saw broad-based buying on Wednesday, 13 August, with benchmarks closing higher amid upbeat global cues. The Sensex gained 304 points, or 0.38%, to end at 80,539.91, while the Nifty 50 added 132 points, or 0.54%, to settle at 24,619.35. Mid- and small-cap stocks outperformed, with the BSE Midcap rising 0.56% and the BSE Smallcap climbing 0.58%. Amid this, here are two stock recommendations by MarketSmith India for 14 August: Buy: NMDC Ltd (current price: ₹72.50) Nifty 50 recap | 13 August Indian equity benchmarks closed higher on Wednesday, recovering from yesterday's losses, as investors cheered a broad-based rally fuelled by positive global cues and softer domestic inflation data. The Sensex gained 304 points to settle at 80,539, while the Nifty 50 added 131 points, finishing above the psychologically important 24,600 level at 24,619. US retail inflation moderated to 0.2% month-on-month in July, boosting expectations of a Federal Reserve rate cut in September. At home, India's retail inflation eased to an eight-year low of 1.55% in July, providing an additional tailwind for equities. Market breadth favoured gains, with 1,685 stocks advancing on the NSE against 1,287 declining. On the charts, Nifty sustained above its 100-day moving average (DMA) and the key 24,600 mark, signalling near-term stability. The relative strength index (RSI) has rebounded from oversold territory to 44, though it remains constrained by a downward-sloping trendline, suggesting limited upside momentum. Meanwhile, the MACD continues to show a bearish configuration, trading below both its signal line and the zero axis, highlighting persistent negative pressure in the broader trend. According to O'Neil's market direction methodology, the index is in an 'Uptrend Under Pressure," as it breached its 50-DMA and the distribution day count rose to six. Nevertheless, Nifty's close above 24,600 and support at the 100-DMA, accompanied by improving momentum indicators, reflect strengthening underlying price action and an ongoing recovery attempt. A sustained move above 24,600 would be a constructive technical signal, potentially opening the path to the 24,800-24,850 resistance zone. On the downside, the recent swing low at 24,330 serves as critical support; a decisive break below could invalidate the current recovery and reignite selling pressure, with subsequent support levels at 24,200 and 24,000. On Wednesday, Nifty Bank opened with a gap-up, briefly touching an intraday high of 55,340 in the early minutes of trade. However, it was unable to sustain these levels and quickly gave up initial gains. The session remained volatile, with the index oscillating in a narrow range as participants engaged in selective buying and profit booking. Despite the swings, Nifty Bank recovered to close in positive territory, forming a bullish candlestick pattern and successfully defending its 100-day moving average (DMA), a key support zone. The index traded between 55,340.05 and 55,026.95 before settling at 55,181.45. The relative strength index (RSI) moved sideways during the session and currently stands at 39, reflecting subdued price momentum. Meanwhile, the MACD continues to show a negative crossover, signalling persistent weakness. Collectively, these indicators point to a short-term bearish bias, suggesting caution for traders. According to O'Neil's methodology of market direction, Bank Nifty is in an 'Uptrend Under Pressure," underscoring a fragile backdrop where selective participation and disciplined risk management are essential. Holding above the 100-DMA for the fourth consecutive session indicates resilience. Sustained buying from current levels could push the index toward immediate resistance at 56,200. A decisive breakout above this zone may accelerate bullish momentum, opening the door for further near-term gains. On the downside, 55,000 remains critical support; a breach below this level could trigger deeper declines and heightened volatility, requiring vigilance from traders in the sessions ahead. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543). Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
a few seconds ago
- Mint
Stocks to buy today: Ankush Bajaj's top three recommendations for 14 August
Stock market recap: The Indian stock market saw broad-based buying on Wednesday, 13 August, with benchmarks closing higher amid upbeat global cues. The Sensex gained 304 points, or 0.38%, to end at 80,539.91, while the Nifty 50 added 132 points, or 0.54%, to settle at 24,619.35. Mid- and small-cap stocks outperformed, with the BSE Midcap rising 0.56% and the BSE Smallcap climbing 0.58%. Against this backdrop market expert Ankush Bajaj has identified three top stocks for investors to consider for the trading session on 14 August. His latest recommendations offer a curated list of opportunities to navigate the current market landscape with confidence. Top 3 stock picks by Ankush Bajaj – 14 August Why it's recommended: APOLLO HOSPITALS is exhibiting strong bullish momentum. The daily RSI stands at 67, reflecting sustained buying strength. MACD is firmly positive at 27, and ADX at 18 indicates an emerging trend phase. The stock has made a new lifetime high and closed at its highest point, signalling strong continuation potential. The confluence of lifetime high breakout and momentum indicators suggests further upside towards ₹7,990. Key metrics: Breakout zone: Lifetime high breakout with strong follow-through Pattern: Continuation breakout after new highs MACD: Positive at 27 RSI: Daily RSI at 67, showing robust momentum ADX: At 18, pointing to early trend development Technical analysis: The breakout structure and momentum readings support a move towards ₹7,990. Risk factors: A close below ₹7,712 would negate the bullish setup. Buy at: ₹7,808 Target price: ₹7,990 Stop loss: ₹7,712 Why it's recommended: LARSEN & TOUBRO is showing healthy bullish momentum with a daily RSI of 61, MACD at 32, and ADX at 25, confirming trend strength. On the 45-minute chart, the stock is forming a bullish pennant pattern. A breakout above ₹3,710 could trigger strong upward momentum towards the target of ₹3,780. Key metrics: Breakout zone: Bullish pennant on lower timeframe Pattern: Continuation pattern signalling potential rally on breakout MACD: Positive at 32 RSI: Daily RSI at 61, reflecting strong momentum ADX: At 25, confirming trend strength Technical analysis: A pennant breakout above ₹3,710 could accelerate gains towards ₹3,780. Risk factors: A close below ₹3,653 would invalidate the bullish view. Buy at: ₹3,693 Target price: ₹3,780 Stop loss: ₹3,653 Why it's recommended: THE INDIAN HOTELS CO. LTD is trading above all major moving averages, confirming underlying strength. The daily RSI at 60 reflects bullish momentum, MACD is flat but poised to turn positive, and ADX at 14 suggests early trend development. On the 45-minute chart, the stock has given an upper triangle breakout, pointing towards a continuation of the uptrend towards ₹815. Key metrics: Breakout zone: Upper triangle breakout on lower timeframe Pattern: Continuation breakout suggesting trend resumption MACD: Flat, with potential to turn positive RSI: Daily RSI at 60, signalling steady momentum ADX: At 14, suggesting trend strength is building Technical analysis: Triangle breakout indicates a move towards ₹815. Risk factors: A close below ₹745 would weaken the bullish setup. Buy at: ₹769.80 Target price: ₹815 Stop loss: ₹745 Stock Market Wrap | 13 August On Wednesday, 13 August, Indian equity markets ended on a positive note. The Nifty 50 rose 131.95 points, or 0.54%, to close at 24,619.35, while the Sensex gained 304.32 points, or 0.38%, settling at 80,539.91. Bank Nifty also closed higher, up 137.75 points, or 0.25%, to 55,181.45, though financials lagged behind broader market gains. Sectoral performance was mixed. PSU Banks slipped 0.14%, Oil & Gas eased 0.05%, and FMCG dipped 0.04%, ending in the red. Meanwhile, select pockets saw robust buying momentum, with Healthcare surging 2.13%, Pharma up 1.73%, and Metals advancing 1.26%, supported by rotational buying and value-driven interest. Among individual movers, Apollo Hospitals jumped 7.90%, Hindalco rallied 5.01%, and Dr. Reddy's Laboratories gained 2.71%, buoyed by strong sectoral trends and sustained demand. On the downside, some heavyweight counters saw profit-taking—IndusInd Bank fell 1.23%, Adani Ports slipped 0.82%, and Titan eased 0.57%—though these declines had limited impact on overall market sentiment. Globally, sentiment was supported by softer-than-expected US inflation data, boosting hopes of a September rate cut by the Federal Reserve. Domestically, retail inflation cooled to an eight-year low of 1.55%, further lifting risk appetite. These twin macro positives encouraged buying across key sectors and helped the Nifty hold above the crucial 24,600 mark. Nifty Technical Analysis Daily and Hourly The Nifty 50 extended its upward momentum, closing at 24,619.35, up 131.95 points (+0.54%), building on recent gains but still operating within a medium-term structure capped by a negative daily moving average crossover. The 20-DMA at 24,781.95 remains below the 40-EMA at 24,840.24, keeping the bearish crossover intact. Until the index reclaims this band with strong volumes, the medium-term trend remains under watch. On the daily chart, RSI improved to 44.13, recovering from earlier oversold conditions, while the MACD at –133.81 shows that bearish momentum is moderating but not yet reversed. On the hourly timeframe, the picture is more constructive — a falling wedge breakout and double bottom formation have propelled the index above both the 20-HMA (24,559.83) and 40-HEMA (24,564.71). Hourly RSI is at 56.76, and the MACD has turned positive at +12.17, confirming improving short-term sentiment. The immediate upside targets are 24,700 → 24,780/24,840, with an extended objective at 25,100–25,200 if momentum sustains. The derivatives landscape reinforces the short-term bullish tone. Total Call OI stands at 17.02 crore versus Put OI of 18.56 crore, giving a positive PE–CE OI difference of 1.54 crore. The session saw a 2.16 crore drop in Call OI alongside a 6.16 crore rise in Put OI, producing a bullish OI change of 8.32 crore. The largest Call OI remains at 25,000, a key overhead supply point, with fresh additions at 24,650 — a near-term ceiling to monitor. On the Put side, both maximum OI and the largest addition are at 24,600, marking it as a strong base. Globally, risk sentiment was lifted after US stocks hit fresh records — the S&P 500 gained 1.1% and the Nasdaq rose 1.4% — as softer-than-expected US CPI data bolstered expectations of a September Federal Reserve rate cut. This triggered a risk-on move across global markets, with Asia and Europe opening in the green. The Indian rupee held steady near 87.6 as the dollar index eased post-CPI, while Brent crude hovered around $65–66 per barrel, offering a tailwind for India's macro backdrop. Outlook and Strategy: As long as Nifty holds above 24,560–24,600, the near-term bias is to buy on dips with upside towards 24,780–24,840. A close above 24,840–24,880 would be the first confirmation of a potential medium-term reversal, opening the way to 25,000+. On the flip side, a close below 24,540 would negate the short-term bullish setup and shift focus back to 24,450–24,400. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
a few seconds ago
- Mint
Recommended stocks to buy: Top stock picks for 14 August by market experts
Indian equity benchmarks closed higher on 13 August, recovering from Tuesday's losses, as investors cheered a broad-based rally fuelled by positive global cues and softer domestic inflation data. The Sensex gained 304 points to settle at 80,539, while the Nifty 50 added 131 points, finishing above the psychologically important 24,600 level at 24,619. Mid- and small-cap stocks outperformed, with the BSE Midcap rising 0.56% and the BSE Smallcap climbing 0.58%. On to the top stock picks for 14 August, as recommended by India's leading market experts. Three stocks to buy today, recommended by NeoTrader's Raja Venkatraman GPIL: Buy above ₹205 and dips to ₹195 | Stop: ₹192 | Target: ₹225-235 SYNGENE: Buy CMP and dips to ₹640 | Stop: ₹630 | Target: ₹705-730 The sharp decline after a moderate rise post its results is finding some strong support at the TS & KS levels. With some revival seen in the last two days one can look at going long at current levels and also on dips. KAJARIACER: Buy above ₹1,275 and dips to ₹1,250 | Stop: ₹1,240 | Target: ₹1,375-1,410 Two stock recommendations by MarketSmith India for 14 August Top 3 stock picks by Ankush Bajaj for 14 August Why it's recommended: Apollo Hospitals is exhibiting strong bullish momentum. The daily RSI stands at 67, reflecting sustained buying strength. MACD is firmly positive at 27, and ADX at 18 indicates an emerging trend phase. The stock has made a new lifetime high and closed at its highest point, signalling strong continuation potential. The confluence of lifetime high breakout and momentum indicators suggests further upside towards ₹7,990. Key metrics: Breakout zone: Lifetime high breakout with strong follow-through Pattern: Continuation breakout after new highs MACD: Positive at 27 RSI: Daily RSI at 67 Why it's recommended: The Indian Hotels is trading above all major moving averages, confirming underlying strength. The daily RSI at 60 reflects bullish momentum, MACD is flat but poised to turn positive, and ADX at 14 suggests early trend development. On the 45-minute chart, the stock has given an upper triangle breakout, pointing towards a continuation of the uptrend towards ₹815. Key metrics: Breakout zone: Upper triangle breakout on lower timeframe Pattern: Continuation breakout suggesting trend resumption MACD: Flat, with potential to turn positive RSI: Daily RSI at 60, signalling steady momentum ADX: At 14, suggesting trend strength is building Technical analysis: Triangle breakout indicates a move towards ₹815. Risk factors: A close below ₹745 would weaken the bullish setup. Buy at: ₹769.80 Target price: ₹815 Stop loss: ₹745 Why it's recommended: Larsen and Toubro is showing healthy bullish momentum with a daily RSI of 61, MACD at 32, and ADX at 25, confirming trend strength. On the 45-minute chart, the stock is forming a bullish pennant pattern. A breakout above ₹3,710 could trigger strong upward momentum towards the target of ₹3,780. Key metrics: Breakout zone: Bullish pennant on lower timeframe Pattern: Continuation pattern signalling potential rally on breakout MACD: Positive at 32 RSI: Daily RSI at 61, reflecting strong momentum ADX: At 25, confirming trend strength Technical analysis: A pennant breakout above ₹3,710 could accelerate gains towards ₹3,780. Risk factors: A close below ₹3,653 would invalidate the bullish view. Buy at: ₹3,693 Target price: ₹3,780 MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543) Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
