 "The Nifty IT and Auto indices face bearish trends, prompting a “sell on rise” strategy amid escalating market pressures.")
The Nifty IT Index is currently showing a bearish trend, with a potential sell-off if it closes below 41,600. Traders should consider adopting a “sell on rise” strategy to navigate the expected downward pressure, with key support levels at 40,750, 38,925, and 37,500. Meanwhile, the Nifty Auto Index appears overbought and may face a correction ...
 "Eastman Auto & Power targets ₹10,000 crore turnover by 2025-26, driving growth through solar rooftop solutions and strategic leadership changes.")
Eastman Auto & Power Ltd, a provider of solar rooftop solutions, aims to reach a turnover of Rs 10,000 crore by 2025-26, significantly up from Rs 3,600 crore in 2023-24. The company plans to expand its renewable energy capacity while continuing to grow its Last Mile E-Mobility Solutions business. To support this ambitious goal, Eastman ...
 "Tax Waivers Ignite Hybrid Car Revolution in Uttar Pradesh’s Auto Market")
Japanese automakers Toyota and Maruti Suzuki are aggressively promoting hybrid vehicles in Uttar Pradesh, India, following recent tax waivers that make hybrids more attractive for buyers. While hybrids are taxed at 43 percent, just below the 48 percent for gasoline cars, these waivers can lead to significant savings, such as $15,800 on a luxury Toyota ...
 "Munjal Auto Faces Rs 6.76 Crore GST Notice, Vows to Fight Back")
Munjal Auto Industries has received a GST demand notice from the Haryana GST authority for Rs 6.76 crore related to the period from April 2019 to March 2020. The company plans to appeal the notice within the specified timeframe and is preparing a robust defense. Despite the significant amount, Munjal Auto assures that this will ...
A compact, high-quality electric vehicle from China is causing concern for the US auto industry. Despite its small size, this Chinese EV is proving to be a formidable competitor, raising fears of increased competition for American car manufacturers. With its sleek design and advanced technology, this electric vehicle is making waves in the Market and ...
In a bid to support auto parts manufacturers in preparing for the shift to electric vehicles (EVs), a staggering $100 million fund has been established. This significant investment aims to assist suppliers in adapting their production processes and technologies to meet the growing demand for EV components. With the automotive industry rapidly transitioning towards sustainable ...
