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NDTV
3 days ago
- Automotive
- NDTV
Ola S1, Gig Electric Scooter Deliveries Delayed While Roadster Reaches Dealerships
Ola Electric introduced the S1Z and Gig electric scooters as the most affordable models of its range in November 2024. At the time, the brand announced that the deliveries of the scooter would be initiated in the coming months. However, the brand has now announced that the two new additions to its EV portfolio will be delayed. The announcement comes at a time when the manufacturer is facing tough competition from legacy brands like Bajaj Auto and TVS Motors. The brand also mentioned that the launch of some new products will be delayed and will be scheduled in a sequential order. Presently, the brand has directed all its focus on the Roadster motorcycle, which is out for deliveries in the market. The manufacturer will also focus on advancing the platform through generational upgrades. "We are delaying the S1 Z, Gig/Gig+, and some other future products and will sequentially launch these products such that each product receives the right customer mindshare," Ola Electric said in a communication to its shareholders. Ola Gig Ola revealed its debut B2B-focused electric scooter, the Gig, which comes in two variants priced between Rs 39,999 and Rs 49,999. Additionally, it unveiled the S1 Z, priced at Rs 59,999, aimed at urban commuters on a budget. While deliveries for both models were initially scheduled to commence in April and May of this year, they have now been postponed to a later date. Meanwhile, the Roadster, which is the brand's first electric motorcycle, has started reaching dealerships after a delay in initiating the process. The process was initially supposed to start in March, which later got postponed to April, only to begin in May.
Time of India
3 days ago
- Automotive
- Time of India
Nuvama sees India as auto safe haven, bets on Eicher, TVS, M&M, Maruti amid global slowdown
Nuvama Institutional Equities is betting on Indian two-wheeler, passenger vehicle and tractor majors including Eicher Motors , TVS Motors , Maruti Suzuki and Mahindra & Mahindra to outperform, citing resilient domestic demand and product momentum, even as the global auto industry faces broad-based volume declines in 2025. The brokerage has turned selectively bullish on Indian auto stocks, issuing 'buy' ratings for four two-wheeler manufacturers, Eicher Motors with a target price of Rs 6,200, TVS Motors at Rs 3,200, Bajaj Auto at Rs 10,700, and Hero MotoCorp at Rs 5,100, and naming them as key beneficiaries of 'domestic strength, new launches and premiumisation tailwinds.' Nuvama said the two-wheeler export cycle has likely bottomed out and expects Bajaj and TVS to 'lead the pack on volume growth.' Nuvama also maintained a positive view on passenger vehicle major Maruti Suzuki, with a target price of Rs 13,400, and on tractor and utility vehicle maker Mahindra & Mahindra at Rs 3,700. Escorts Kubota was rated 'buy' at Rs 3,600. On the other hand, Tata Motors and Ashok Leyland were rated 'reduce' with target prices of Rs 670 and Rs 240, respectively, citing weak segments and freight-related structural shifts. Auto component stocks also feature among the brokerage's top picks. Motherson Wiring India was rated 'buy' with a target of Rs 83, Uno Minda at Rs 1,300 and Sona Comstar at Rs 560. In the tyre segment, Nuvama favours CEAT with a target of Rs 3,800 and Apollo Tyres at Rs 550. 'Domestic 2Ws and PVs continue to see tailwinds from demand and product refresh. Export-oriented names should gradually recover as overseas demand stabilises,' Nuvama said. India a bright spot Amid global pressures, the brokerage sees India's auto landscape as relatively insulated. While global auto players face demand weakness, regulatory overhangs and soft freight markets, the Indian market is benefiting from steady farm incomes, infrastructure activity and improving consumer sentiment. Nuvama expects India's domestic tractor industry to grow in the mid-to-high single digits in FY26, supported by 'good Rabi harvest cash flows, higher crop prices, above-normal monsoon expectation, and sufficient water levels in reservoirs.' Escorts expects export growth of 20–25% in the same period, while M&M is upbeat about demand in South India and Maharashtra. Ashok Leyland sees growth across light, intermediate and heavy commercial vehicles in FY26. Tata Motors forecasts 'single-digit growth,' supported by cargo HCVs and buses, although it flagged risks to high-tonnage trailer volumes from the shift to the Western Dedicated Freight Corridor. Global outlook weak In contrast to India's resilience, Nuvama expects the global auto sector to remain subdued in 2025. 'North America HCV volumes are likely to decline up to 16% and Europe HCV by up to 15%,' the brokerage said, citing economic uncertainty, weak freight demand and lack of prebuying amid unclear EPA27 regulations. Construction equipment demand is expected to fall by up to 15% in North America and 10% in Europe, while tractor volumes are also projected to remain weak after sharp Q1 declines in both regions. Global PV production is expected to drop in the U.S. and EU, while China may see marginal gains. Bosch forecasts a 4–7% increase in PV production and 7–10% in two-wheelers in India for FY26. Exporters such as Bharat Forge, Ramkrishna Forgings, Balkrishna Industries and SAMIL are exposed to these global headwinds, but Nuvama said it believes they 'should outpace industry' due to robust order books and diversification. With a global slowdown weighing on volumes across regions, Nuvama is tilting toward India-centric names that offer visibility on domestic demand and margin tailwinds.
Time of India
4 days ago
- Automotive
- Time of India
Nuvama sees India as auto safe haven, bets on Eicher, TVS, M&M, Maruti amid global slowdown
Nuvama Institutional Equities is betting on Indian two-wheeler, passenger vehicle and tractor majors including Eicher Motors , TVS Motors , Maruti Suzuki and Mahindra & Mahindra to outperform, citing resilient domestic demand and product momentum, even as the global auto industry faces broad-based volume declines in 2025. The brokerage has turned selectively bullish on Indian auto stocks, issuing 'buy' ratings for four two-wheeler manufacturers, Eicher Motors with a target price of Rs 6,200, TVS Motors at Rs 3,200, Bajaj Auto at Rs 10,700, and Hero MotoCorp at Rs 5,100, and naming them as key beneficiaries of 'domestic strength, new launches and premiumisation tailwinds.' Nuvama said the two-wheeler export cycle has likely bottomed out and expects Bajaj and TVS to 'lead the pack on volume growth.' Nuvama also maintained a positive view on passenger vehicle major Maruti Suzuki, with a target price of Rs 13,400, and on tractor and utility vehicle maker Mahindra & Mahindra at Rs 3,700. Escorts Kubota was rated 'buy' at Rs 3,600. On the other hand, Tata Motors and Ashok Leyland were rated 'reduce' with target prices of Rs 670 and Rs 240, respectively, citing weak segments and freight-related structural shifts. Auto component stocks also feature among the brokerage's top picks. Motherson Wiring India was rated 'buy' with a target of Rs 83, Uno Minda at Rs 1,300 and Sona Comstar at Rs 560. In the tyre segment, Nuvama favours CEAT with a target of Rs 3,800 and Apollo Tyres at Rs 550. 'Domestic 2Ws and PVs continue to see tailwinds from demand and product refresh. Export-oriented names should gradually recover as overseas demand stabilises,' Nuvama said. India a bright spot Amid global pressures, the brokerage sees India's auto landscape as relatively insulated. While global auto players face demand weakness, regulatory overhangs and soft freight markets, the Indian market is benefiting from steady farm incomes, infrastructure activity and improving consumer sentiment. Nuvama expects India's domestic tractor industry to grow in the mid-to-high single digits in FY26, supported by 'good Rabi harvest cash flows, higher crop prices, above-normal monsoon expectation, and sufficient water levels in reservoirs.' Escorts expects export growth of 20–25% in the same period, while M&M is upbeat about demand in South India and Maharashtra. Ashok Leyland sees growth across light, intermediate and heavy commercial vehicles in FY26. Tata Motors forecasts 'single-digit growth,' supported by cargo HCVs and buses, although it flagged risks to high-tonnage trailer volumes from the shift to the Western Dedicated Freight Corridor. Global outlook weak In contrast to India's resilience, Nuvama expects the global auto sector to remain subdued in 2025. 'North America HCV volumes are likely to decline up to 16% and Europe HCV by up to 15%,' the brokerage said, citing economic uncertainty, weak freight demand and lack of prebuying amid unclear EPA27 regulations. Construction equipment demand is expected to fall by up to 15% in North America and 10% in Europe, while tractor volumes are also projected to remain weak after sharp Q1 declines in both regions. Global PV production is expected to drop in the U.S. and EU, while China may see marginal gains. Bosch forecasts a 4–7% increase in PV production and 7–10% in two-wheelers in India for FY26. Exporters such as Bharat Forge, Ramkrishna Forgings, Balkrishna Industries and SAMIL are exposed to these global headwinds, but Nuvama said it believes they 'should outpace industry' due to robust order books and diversification. With a global slowdown weighing on volumes across regions, Nuvama is tilting toward India-centric names that offer visibility on domestic demand and margin tailwinds. Also read | Smallcap mania is back. But do Q4 earnings really justify the multibagger hype?
Business Upturn
29-04-2025
- Business
- Business Upturn
Stocks to watch on April 29: Nippon Life, TVS Motors, UltraTech Cement, Indigo, and IGL in focus on brokerages reports
By News Desk Published on April 29, 2025, 08:39 IST Several prominent brokerages have updated their stock ratings and target prices following quarterly earnings and operational updates. Here are key stocks in focus today based on brokerage views: Nippon Life: Motilal Oswal (MOSL) has reiterated its 'Buy' rating on Nippon Life with a target price of ₹750. The brokerage highlighted that the company's market share continues to expand, with overall mutual fund quarterly average assets under management (QAAUM) growing 29% year-on-year to ₹5.6 trillion. Despite market volatility, SIP inflows are moderating at an industry level. TVS Motors: Nuvama retained a 'Buy' rating on TVS Motors while raising the target price to ₹3,200 from ₹3,100, citing strong PLI benefits and margin improvements. Citi, however, maintained a 'Sell' rating, though it raised the target price to ₹2,050 from ₹1,800, noting that while Q4 results were above expectations, broader valuation concerns persist. UltraTech Cement: Brokerages showed mixed views on UltraTech Cement. Nuvama maintained a 'Hold' rating but raised the target price to ₹11,859 from ₹11,574, citing in-line performance and sustained growth expectations. Antique retained a 'Buy' rating with an unchanged target of ₹12,800, focusing on expected cost savings of over ₹300/ton between FY25 and FY27. Jefferies maintained a 'Buy' rating and hiked its target price to ₹14,000 from ₹13,265, highlighting healthy EBITDA growth after three consecutive quarters of decline. IndiGo: HSBC maintained a 'Buy' rating on InterGlobe Aviation (IndiGo) with a target price of ₹5,975. The brokerage noted that the recent Pakistan airspace closure would have a limited impact, affecting only about 4% of IndiGo's total capacity. IGL (Indraprastha Gas Limited): Antique maintained a 'Sell' rating on IGL with a target price of ₹164, citing weak core margins and disappointing volume growth. The brokerage forecasts earnings per share (EPS) growth of only about 4.2% CAGR over FY25–27. News desk at
Business Upturn
28-04-2025
- Business
- Business Upturn
TVS Motors share price jump 2% after Q4 net profit rises 75% YoY to Rs 852.12 crore
TVS Motors reported impressive financial results for the fourth quarter of FY25, with shares surging 2% on the back of strong sales growth and margin expansion. The company's revenue from operations rose 17% year-on-year (YoY) to ₹9,550 crore, compared to ₹8,169 crore in Q4 FY24. Total income for the quarter stood at ₹9,564.94 crore, up from ₹8,140.17 crore a year ago. The standout achievement was a remarkable 75% increase in net profit, which reached ₹852.12 crore in Q4 FY25, compared to ₹485.43 crore during the same period last year. Profit before tax (PBT) grew by 65% YoY, amounting to ₹1,111.98 crore, up from ₹671.63 crore in Q4 FY24. Operating EBITDA also set a new record at ₹1,333 crore, marking a substantial increase from ₹926 crore in Q4 FY24. The company's EBITDA margin stood at 14.0%, boosted by the benefits from the Production Linked Incentive (PLI) scheme. Excluding the PLI impact, the EBITDA margin was 12.5%, a notable improvement from 11.3% in Q4 FY24. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
