UK AUTOMOTIVE INDUSTRY
UK weighs tariffs on Chinese EVs amid ‘dumping’ concerns: Report
Britain is contemplating the implementation of tariffs on Chinese electric vehicle imports in the near future. This consideration arises from concerns regarding the potential flooding of the market with state-subsidised vehicles. Business Minister Jonathan Reynolds is preparing a package of potential tariffs for Chinese vehicle imports. British officials are eager to align their strategy with the European Union to protect the national car industry.
Ashok Leyland's best year in its history, and what the annual report says about holding on to it
Ashok Leyland sold more commercial vehicles in FY26 than in any year since it was founded, earned its highest-ever profit, and closed with Rs. 5,899 crore of net cash. Where does the company go from here? What strategies will it adopt? A close reading of the 340-page annual report, along with the company's year-end call and the June-quarter filing, provides the answers.
New indicator for New India: 25 stocks whose numbers can reveal what is in store for the economy and the stock market
For decades, there was a familiar way to understand the Indian consumer. Economists waited for GDP, industrial production, inflation, credit growth and other official numbers, and then used them to work out whether households were spending more or pulling back. Those indicators still matter. But the Indian consumer has changed faster than the dashboard used to track consumption and spending patterns. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
From pickups to idle plants: automakers seek lifeline from defence boom
Western automakers are increasingly looking at defense contracts as a way to boost revenues and utilize excess capacity. Companies like Ford, GM, and Jaguar Land Rover are bidding for military vehicle contracts. Despite these efforts, executives express skepticism about the financial impact on overall revenues. Automakers are offloading surplus factories to defense manufacturers due to the growing demand for military production.
Payoneer India Cross-Border Excellence Awards: A diverse winner list reflects India’s growing cross-border trade
Services exports in India have surged to a record $421.3 billion, surpassing estimates, in FY26, as total exports hit an unprecedented $863 billion. The trade is well on its way to meet the $2 trillion export target by 2030-31, yet the companies bringing about this impetus remain largely unknown. Payoneer India Cross-Border Excellence Awards, in association with The Economic Times, have identified, recognised, and felicitated these businesses/individuals/ideas. Read on!
These large- and mid-cap stocks can give more than 20% return in 1 year, according to analysts
The next time you take some action in the stock market – whether it is buying or selling – ask yourself these questions: Why am I doing this? Is it because the news flow is bad? Or, because the company is in trouble? Or is it because the stock price has come down? Answering these questions honestly will probably help you make better decisions.
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ET Prime Special Series: Multibagger or IBC - Part 77: This auto ancillary wants to double revenue by FY30. Execution to decide
A business can diversify in two ways: Slowly, by building new capabilities internally; or quickly, by acquisitions. This supplier has chosen the second route. It has expanded from a mechanical-only portfolio to a multi-discipline platform, doubled its manufacturing footprint, and added more than four alliances. The opportunity is obvious: A broader product basket and new global orders. The risk is equally important. The new businesses still have to prove that growth can translate into durable returns.
UK PM Burnham wants 'Made in Europe' plan to involve Britain
Prime Minister Andy Burnham emphasized Britain's role as a 'trusted partner' in the EU's 'Made in Europe' initiative, advocating against exclusion that could harm the UK's vital automotive sector. He highlighted the interdependent UK-EU automotive trade worth €80 billion and urged both sides to collaborate to avoid unnecessary trade barriers.
Hero Motors IPO Day 3 GMP: Issue subscribed over 6x, GMP at 7%. Check details
Hero Motors IPO GMP Today: Hero Motors IPO saw strong investor demand, oversubscribing 6.66 times by the final day. The issue is currently commanding a 7% premium in the unofficial grey market. Proceeds will fund debt repayment and capacity expansion initiatives. The company plans to utilize funds for acquisitions and general corporate purposes. Analysts recommend a "Subscribe-Long Term" rating for this IPO.
Hero Motors IPO Day 2: GMP signals 16% listing gain. Should you subscribe?
Hero Motors’ Rs 1,000 crore IPO received healthy investor interest, reaching 1.39-times subscription on its first day, led by retail investors. Priced at Rs 79–Rs 84 per share, the issue carries a grey market premium of around Rs 13, suggesting a potentially positive listing.
Hero Motors IPO Day 1: Check subscription status, GMP at 23%. Should you subscribe?
Hero Motors IPO opened for subscription on September 16 and was subscribed 17% on Day 1. The Rs 1,000 crore issue has a grey market premium of 23%, while brokerages cite its automotive technology portfolio and long-term growth potential.
Charting the global economy: Oil surge fans global inflation
In the US, hotter-than-expected consumer inflation and the biggest monthly increase in producer prices since May bolstered the case for a Federal Reserve rate hike next week.
Visa squeeze in the West sends Indians packing for home
Western visa rules are tightening, impacting skilled Indian professionals seeking overseas employment. Rising sponsorship costs and stricter criteria are forcing many to reconsider their international career plans. This trend is leading to a 'reverse brain drain' as companies in India seek returning talent. Job seekers face challenges finding comparable roles and salaries upon their return.
UK rules out JLR bailout as Tata-owned carmaker plans 4,000 job cuts amid rising costs
Jaguar Land Rover plans significant job cuts over two years due to rising costs and competition. The UK government will not provide financial support for the carmaker's restructuring efforts. JLR aims to achieve substantial savings and lower its break-even vehicle point. European automakers face increasing pressure from lower-priced Chinese electric vehicle manufacturers. The company is also strengthening its US operations and expanding into premium electric vehicles.
Maruti Suzuki CEO seeks balance between regulations and affordability for cleaner, safer mobility
Maruti Suzuki's MD hopes for continued balance between regulations and affordability. This balance ensures safer and cleaner mobility remains accessible to Indian customers. Compressed biogas shows strong potential as a clean automotive fuel source. GST reforms have significantly boosted small car sales and affordability. Maruti Suzuki is also a leading exporter of electric vehicles from India.
Critical minerals race: India looks to UK, EU for supply chains
India is discussing partnerships with the UK and EU for critical mineral processing. The nation collaborates with the US on resilient supply chains for critical minerals. Trade deals with the Gulf Cooperation Council and Israel are pending regional stability. Component makers are encouraged to expand their local businesses globally. High-tech firms may receive exemptions from BIS certification for manufacturing.
Goyal calls for resilient supply chains, while Gor stresses fair and reciprocal India-US trade
In a strategic move, India is ramping up its partnerships on critical minerals with countries including the UK and the EU. Trade agreements are under negotiation to secure vital mineral resources. The nation is also enhancing its relationship with the US via initiatives centered on critical minerals. Additionally, the government is working to simplify regulations for high-tech manufacturing, which is expected to reinforce supply chains and elevate domestic production capabilities.
India in talks with multiple countries to develop critical minerals for domestic needs: Piyush Goyal
India is actively seeking partnerships with nations like the US for critical mineral development. The country is also engaged in dialogues to build more resilient global supply chains. India's economy continues its strong growth trajectory, remaining the fastest among major economies. Nine trade agreements have secured access to markets with a combined GDP of sixty trillion dollars. These agreements facilitate zero-duty trade, enhancing Indian exporters' global competitiveness.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 20%
We normally don’t dwell on F&Os in this space. However, it is good to know that, in the current circumstances, an upmove in the indices and certain key stocks could be because of short-covering. They are usually sharp and may seem like a market recovery, but may not actually be one. Any sustainable recovery will have market breadth; without that, it is suspect.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 20% in one year, as per analysts
When the stock market is hit by a mix of head and tail winds, it is probably the right time to look at stocks from sectors witnessing structural changes. There are several such sectors. In some, the transformation is being forced by geopolitics, and in others by internal operational dynamics. But be sure to look at every aspect of the business you are going to own after buying a stock.
TCS to acquire Porsche IT unit MHP for €320 million
Tata Consultancy Services will acquire Porsche AG's IT consulting subsidiary MHP for an enterprise value of €320 million. The acquisition is part of a wider strategic partnership that includes a five-year, €1.25 billion deal to deploy artificial intelligence across Porsche's engineering, manufacturing, operations and customer experience businesses.
Jefferies raises Belrise Industries target price, sees 18% upside on strong demand, business expansion
Jefferies retained its Buy rating on Belrise Industries and raised its target price to Rs 280, citing strong automotive orders, two-wheeler demand and expanding renewable energy and aerospace businesses. The brokerage expects robust earnings growth, though customer concentration and margins remain key risks.
Dhoot Transmission makes strong debut at 38% premium. Should investors hold or buy on dips?
Dhoot Transmission made a strong debut, with shares listing at a 38% premium to the ₹871 IPO price, comfortably beating the ~30% gain indicated by its grey market premium. Analysts remain positive on its long-term prospects, citing strong revenue growth, its established wiring harness business and rising EV exposure.
Dhoot Transmission shares make strong debut, list at 38% premium over IPO price
Dhoot Transmission Share Price: Dhoot Transmission shares debuted strongly on Dalal Street, listing at a premium. The company plans to use IPO proceeds for debt reduction and expansion. Funds will also support subsidiaries and new manufacturing facilities. Dhoot Transmission is a key player in automotive wiring harnesses, serving EV platforms. Strong financial performance and market position fueled investor interest.
Blue Dart sets sights on bigger e-commerce slice with cross-border delivery push
Blue Dart Express plans a new international cross-border ecommerce delivery product. This initiative aims to capture a larger share of India's growing global trade. The company will initially focus on major ecommerce corridors with strong existing trade flows. Regulatory changes, like the removal of a value cap, support this expansion. Blue Dart expects this new venture to become a meaningful contributor within five years.
Dhoot Transmission allotment likely today; GMP hints at strong listing: Here's how to check your status
Dhoot Transmission IPO allotment is expected to be finalised today following a strong overall subscription of 74.21 times. Shares are trading at a 32% grey market premium over the Rs 871 issue price. Successful applicants can check their allotment status on KFintech, BSE, or NSE portals ahead of the August 17 listing.
Dhoot Transmission IPO Day 2; GMP signals 30% listing gain - Should you subscribe?
The Rs 3,066.89-crore Dhoot Transmission IPO entered its second day of bidding on Tuesday, August 11, with the grey market premium signaling a potential 30% listing gain. Backed by solid FY26 financials and strong demand in retail and NII segments, market analysts have maintained a subscribe rating for long-term investors.
Dhoot Transmission IPO Day 1: Issue subscribed 44% so far; GMP signals 30% listing gain. Should you subscribe?
The IPO comprises a fresh issue of 1.61 crore equity shares worth Rs 1,400 crore, along with an Offer for Sale (OFS) of 1.91 crore shares aggregating to Rs 1,666.89 crore. Under the OFS, BC Asia Investments XV Ltd. will offload shares worth nearly Rs 1,395 crore, while Mangalam Capital Pvt. Ltd. will sell shares valued at around Rs 272 crore.
Dhoot Transmission raises Rs 918 crore from 72 anchor investors ahead of Rs 3,067-crore IPO
Dhoot Transmission has raised Rs 918 crore from 72 anchor investors ahead of its Rs 3,067-crore IPO, with domestic mutual funds accounting for 61.27% of the anchor allocation. The company will use the proceeds to repay debt, fund expansion and pursue acquisitions.
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