Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023-24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. The top-gear performance of auto stocks at the bourses, according to A K Prabhakar, head of research at IDBI Capital, has been triggered by the premiumisation of products across vehicle manufacturers, which has seen vehicle sales remaining relatively stable. "It is not about higher sales figures now, but about premiumisation.
India has been dropped as previously announced, with hopes for a comeback in 2015, while Austria is due to make a return after an 11-year break with a race at Spielberg on June 22.
An FIA report found that Marussia driver Bianchi over-controlled the oversteering car, such that he left the track earlier than Sutil, and headed towards a point 'up-stream' along the barrier.
Formula One needs to change its new qualifying format after it fell flat at Saturday's Australian season-opener and tweaks can be made before the next race in Bahrain, according to the sport's commercial supremo Bernie Ecclestone.
Honda Motorcycle and Scooter India (HMSI), the country's second-largest two-wheeler manufacturer, is planning to launch its first electric vehicle (EV) here by March next year, said CEO & MD Atsushi Ogata on Monday. The company would also enter the low-end motorcycle market in March by launching a 100cc engine bike at a price that will "positively shock" customers, he said while speaking with reporters, after launching the Activa with Honda Smart Key. HMSI's first EV, an electric scooter, will have a fixed battery and the second model will have two swappable batteries, Ogata explained.
Formula One's governing body has banned teams from sending drivers coded messages under a controversial clampdown on the use of radio communications from this weekend's Singapore Grand Prix.
Auto Expo 2023 may not trigger a fresh rally in automobile stocks, say analysts, as this year's edition lacks participation from major listed players. It is also owing to the focus on electric vehicles (EVs), a segment where four-wheelers have minuscule market share. "In the passenger vehicles (PV) segment, Maruti Suzuki India and Tata Motors are the only listed players.
Seven-time world champion Michael Schumacher turned 50 on Thursday with Formula One and his fans paying tribute to the sport's most successful driver with a mixture of celebration and sorrow.
Quadruple Formula One world champion Sebastian Vettel went for five on Friday with the German choosing to have that numeral on his car when he is eventually deposed as number one.
Stefano Domenicali resigned as Ferrari's Formula One team principal on Monday, and the company's North America president and chief executive Marco Mattiacci was appointed as his replacement.
Benchmark indices fell on Monday with the BSE Sensex declining 306 points, mainly dragged down by Reliance Industries. Foreign funds outflow also added to the overall bearish trend in equities on Monday. The 30-share BSE benchmark fell 306.01 points or 0.55 per cent to settle at 55,766.22. During the day, it declined 535.15 points or 0.95 per cent to 55,537.08. The broader NSE Nifty dipped 88.45 points or 0.53 per cent to 16,631.
French Formula One driver Jules Bianchi has died of critical head injuries.
The Briton, who started his career working for the Hesketh team in 1977, died in Melbourne of a pulmonary embolism, it said.
Summary of sports events and persons who made news on Monday
Formula One is to award double points for the last race of the season in a controversial attempt to keep championships undecided to the very end after four years of Red Bull domination.
Earlier in the day, Russia was banned from defending its Davis Cup and Billie Jean King Cup titles but its players will still be allowed to compete at the Grand Slams and in regular tour events.
Formula One's record 22 race calendar for 2014 is 'beyond the limit' for teams but looks likely to be trimmed before it becomes definitive, according to Red Bull team principal Christian Horner.
Luca di Montezemolo's resignation as Ferrari chairman on Wednesday severs an historic link with the company's late founder Enzo and marks the end of an era for Formula One's most successful and glamorous team.
On Sunday the Ukrainian Tennis Federation urged the sport's governing body the International Tennis Federation (ITF) to immediately expel Russia and Belarus from the organisation and ban Russia from team and individual tournaments. Also, athletes from Ukraine and other nations have called on the International Olympic Committee (IOC) to suspend Russia and Belarus and ban their athletes from events immediately.
Formula One's clunky 'halo' head protection device, the most obvious novelty of the 2018 season, has divided opinion.
Formula One faces its biggest shake-up in decades with the announcement on Wednesday that US cable TV mogul John Malone's Liberty Media has agreed to take control of the cash-generating glamour sport.
Retail sales of overall vehicles in India grew by 15.28 per cent to 2,11,20,441 units in 2022 led by record sales of passenger vehicles and tractors, Federation of Automobile Dealers Associations (FADA) said on Thursday. In 2021, total retail sales of vehicles in India were at 1,83,21,760 units, FADA said in a statement. Two-wheelers retail sales stood at 1,53,88,062 units last year, a growth of 13.37 per cent from 2021 when sales stood at 1,35,73,682 units.
Formula One's 2016 tyre rules, giving more choice on the selection of compounds and strategy, have left even some drivers confused.
Speaking at last weekend's title deciding US Grand Prix in Austin, the 84-year-old Briton told reporters he hoped to add more American venues to a series that is already set for a record 21 races next year.
Formula One is facing fresh calls to consider closed cockpits after French driver Jules Bianchi's accident in Japan last weekend, though opinions are mixed about the potential benefits. Cockpit covers were tested by the governing International Automobile Federation (FIA) after Brazilian Felipe Massa suffered severe head injuries when he was hit by a bouncing spring in Hungary in 2009. In 2012, tests were carried out using a forward roll hoop -- a metal structure placed right in front of the driver -- after other experiments with a jet fighter-style canopy and windshields. None were developed beyond the testing stage, but drivers and teams suggested at the Russian Grand Prix they could be revisited after Bianchi suffered a severe brain trauma when his Marussia crashed into a recovery tractor at Suzuka.
Britain's Lewis Hamilton won a wet and sombre Japanese Grand Prix on Sunday to extend his Formula One lead over Mercedes team mate Nico Rosberg to 10 points with four races remaining.
Formula One teams say they will race in Russia, despite the crisis in Ukraine and downing of a Malaysian airliner, unless the country's debut Grand Prix in October is called off or they are ordered not to go.
Summary of sports events and persons who made news on Tuesday
Adrian Newey accused Red Bull's rivals of being afraid to supply them with engines for 2016 and warned there is a real risk of the four times world champions walking away from Formula One.
Automobile retail sales in the country fell 18 per cent year-on-year in the 42-day long festive period this year as semiconductor shortage impacted production across companies affecting their ability to supply adequate numbers to dealer partners, FADA said on Thursday. During the period under review, barring three-wheeler and commercial vehicles, all other segments including passenger vehicles, two-wheelers and tractors were down as compared with the same period of last year. As per data collated by the Federation of Automobile Dealers Associations (FADA), total retail sales across segments stood at 20,90,893 units this festive period, down 18 per cent from 25,56,335 units in 2020.
The crash that left French Formula One driver Jules Bianchi in a critical condition with severe head injures was down to bad luck rather than poor judgement by Japanese Grand Prix race officials, a track spokesman said on Tuesday.
Formula One will have a new qualifying format this season as part of changes that will help make the sport more exciting, commercial supremo Bernie Ecclestone said on Wednesday.
A summary of sports events and sports persons, who made news on Wednesday.
The official press conference of the Federation Internationale de l'Automobile (FIA) for the inaugural Indian Grand Prix was interrupted by power failure at the Buddh International circuit, in New Delhi, on Friday.
Sharpen your database on the elite motorsport event.
'From the very start, PM Modi was insistent that visiting foreign leaders should be exposed to an India beyond its capital.' 'Through these experiences, he felt that the full Indian narrative would be much better understood across the world,' explains External Affairs Minister S Jaishankar. A riveting excerpt from Bluekraft Digital Foundation's Modi@20: Dreams Meet Delivery.
Recently, South Korean Foreign Minister, Chung Eui-yong, dialled his Indian counterpart, S Jaishankar, in New Delhi. His government, he said, "regretted the offence caused to the people of India". A day earlier, India had summoned the South Korean ambassador to express its "strong displeasure" over "an unacceptable social media post".
Dr Ravi Prakash's 250 vintage car collection includes J R D Tata's 1940 Buick Limousine and a Sunbeam-Talbot used by Lord Mountbatten.
An average of 30-40 per cent automation is standard across all big automobile plants in the country
The Serb set up the breakaway PTPA on the eve of the US Open in September and resigned as head of the player council but last month he confirmed that he had been nominated by his fellow professionals for the current elections which he accepted.
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