Apple supplier and the world’s biggest contract electronics manufacturer Foxconn, the world’s largest contract electronics producer is reportedly planning to unveil its first electric vehicle ‘FOXTRON’ in a few days’ time – precisely on October 18. According to couple of teasers released by Original Device Manufacturer (ODM), the front view of the new car has … Read more
Gilera Motors will be the exclusive distributor for sale and service of Hero motorcycles and scooters in the country. Gilera will also make new investments to drive the business growth. Key points to note – Founded in 1953, Gilera is one of the oldest motorcycle manufacturers in Latin America. Gilera Argentina with more than 200 … Read more
Tata Motors (TML) does a start-up kind of fund raising and announces $1 bn of investments from TPG and ADQ (of Abu Dhabi) in it’s EV business. Key points to note – The investment values the EV business at $9.1 bn post money. Funds will come in two tranches – 50% by March 2022 and … Read more
Exide has been an under performer in the current bull run. Though the stock has increased from the low of Rs 130 in March 20 (Covid led meltdown) to Rs 185 currently, it continues to be significantly low compared to the high of Rs 272 it had reached in August 2018. Under performance since then … Read more
Tesla reported Saturday record quarterly deliveries despite the surrounding turbulence. An analyst at Wedbush Securities sees the performance as “massive.” The Tesla Analyst: Daniel Ives maintained an Outperform rating and $1,000 price target for Tesla shares. The Tesla Thesis: Tesla’s third-quarter deliveries of 241,000 beat even the bull-case whisper number on the Street, analyst Ives … Read more
Union minister Nitin Gadkari on Thursday said that the government will make it mandatory for all vehicle manufacturers to make flex-fuel engines, after it gets permission from the Supreme Court. Flex-fuel, or flexible fuel, is an alternative fuel made of a combination of gasoline and methanol or ethanol. Addressing the annual session of industry body … Read more
Maruti has been a significant under performer for last 4 years now. A part of this has to do with the Indian auto industry during this period and some concerns specific to Maruti (competition specifically). However, it seems much of that is getting settled now. Auto industry post Covid is looking up and competition seems … Read more
Kubota Corp (KC) of Japan, an agriculture and heavy equipment firm is rumoured to be in discussions with the promoters (Nanda family) to acquire their stake in Escorts Ltd (EL). Key points to note – KC’s current mcap is around USD 27 bn and EL’s about USD 2.7bn. KC already owns 9.09% in EL – … Read more