Auto Sector

Maruti Suzuki chairman RC Bhargava stated at the firm's annual general meeting on Tuesday that the company will use its financial reserves to quadruple production capacity by 2031.

For 25 years, Puneet Dalmia has been connected to the Dalmia Bharat Group.

While analysts of IIFL Capital Services are yet to build the acquisition in their forecasts, their TP for GEXP, based on 19x proforma 2YF EPS, comes to Rs933. Maintain BUY.

The move is aligned with CONCOR's commitment to sustainability and reducing its carbon footprint.

The red flag for the industry is the sharp widening of ‘Crude-Jet Kero’ spread. This may result in double-digit % increase in the price of ATF on Sep 1, 2023, to add to the 9% MoM increase on Aug 1, 2023.

Since 2016, Berger Paints and Nippon Paints Automotive Coatings have been partners in a joint venture known as Berger Nippon Paint Automotive Coatings Private Limited.

SMEL has delivered well on capacity expansion across products, with capacities up 94-150% vs FY21 (IPO) levels across product lines.

Following an overnight recovery from a 10-month low of 147.375, the Japanese yen traded at about 146 per dollar as support for the US dollar was lost due to a decline in Treasury yields.

According to the Indian government, applicants under the vehicle scheme have invested 107.55 billion rupees.

The price of October Brent crude futures increased by 17 cents, or 0.2%, to $85.66 per barrel.