02/100 - Top 3 Companies of Automobile Sector
Maruti Suzuki
Today the share price of Maruti rose up by 0.40% as of 1:00pm.
Maruti has recently announced the expansion of its solar capacity by 30MWp in
Kharkhoda and Manesar.
However, the company is planning for an expansion up to 319MWp of capacity by
making an investment of Rs. 915Cr.
Mahindra & Mahindra
Mahindra is aiming to be at the top of the EVs segment, sold 10,000 EVs in 7
days.
Mahindra has hit a major milestone in India’s electric vehicle journey,
delivering 10,000 units of its XEV 9e and BE 6 electric SUVs in just 70 days
since the first handover on March 20. The quick pace of deliveries signals
strong demand for EVs in the country and shows Mahindra’s growing momentum in
the electric space.
Tata Motors
Tata Motors major expenses rose due to the fluctuation in the currency
translation as per management discussion and analysis of FY25 annual report.
Major Expenses of the company is basically dawned to the warranty and other
related expenditure in order to increase the goodwill of the company by giving
high period warranties and claims to customers.
Major Change: Debt to Equity Ratio down to 53.40% and Inventory turnover ratio
down to 7.00%
Naman's Views:
The Indian automotive market is expanding, driven by rising income levels,
urbanization and increasing consumer purchasing power. Initiative like
Production linked incentive scheme are aiding several auto makers to invest in
EV segment. The industry is focusing on reducing emissions and integration of
advanced technologies like connectivity and smart mobility solutions.
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