Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales only later this month, industry … Read more
New Delhi: The domestic two-wheeler segment will continue on growth path in the current fiscal on the back of factors like normal rainfall and uptick in rural demand, according to TVS Motor Chairman Ralf Speth. Speaking at the company’s annual general meeting (AGM), he noted that in partnership with BMW Motorrad, TVS will be working … Read more
Indian market is expected to trade higher on Friday tracking positive global cues. The Nifty future closed negative with losses of 1.13% at 22487 levels on Thursday. India VIX is at 24.18 levels. Since it is the beginning of the new series (June series) options data is scattered at various strike prices. On the weekly … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty future closed negative with marginal losses of 0.08% at 23,001 levels on Monday. India VIX was down by 6.82% from 21.71 to 23.19 levels. On the options front, the maximum Call OI is placed at 23500 and then towards 23000 … Read more
Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed positive with marginal gains of 0.06% at 23015 levels on Friday. India VIX was up by 1.54% from 21.38 to 21.71 levels. On the weekly options front, the maximum Call OI is placed at 23000 and then towards … Read more
Two-wheeler sales in India will surpass pre-Covid peak either this fiscal year or the next, Sudarshan Venu, managing director at TVS Motor Company, said, indicating a broad-based revival in the economy where demand for entry-level two-wheelers have been languishing in the last few years due to a sharp rise in acquisition costs and the pandemic’s … Read more
Indian market is expected to trade higher on Friday tracking positive global cues. The Nifty future closed positive with gains of 0.84% at 22473 levels on Thursday. India VIX was down by 1.33% from 20.27 to 20 levels. On the weekly options front, the maximum Call OI is placed at 22500 and then towards 22600 … Read more
Mumbai: Two- and three-wheeler maker TVS Motor Co has appointed two new independent directors, subject to approval of shareholders. The two new board members are Chennai-based Sanmar Group’s chairman Vijay Sankar, and Shailesh Haribhakti of Shailesh Haribhakti & Associates, the company said in a press release. Meanwhile, Kuok Meng Xiong will step down as independent … Read more
The following article is an advertorial.In the widespread electric vehicle (EV) adoption in India, the FAME II (Faster Adoption and Manufacture of Electric Vehicles) subsidy has been serving as a catalyst, significantly enhancing affordability of EVs. However, as the clock ticks towards its expiration on March 31, 2024, the EV landscape is set for a … Read more
Indian market is likely to consolidate on Wednesday tracking mixed global cues. The Nifty future closed negative with losses of 0.28% at 22436 levels on Tuesday. India VIX was down by 3.64% from 14.92 to 14.38 levels. “In the last few months, we have witnessed India VIX trading in a band between 14 and 17, … Read more