This is the second acquisition abroad by Motherson Sumi within a little more than two years.
Volkswagen was not the largest carmaker in the US and that North America accounted for merely 1-1.5 per cent of its total sales.
Workers at an automotive components factory in Haryana, India, protested for two days demanding the implementation of a minimum wage hike announced by the state government. The protests led to detentions and police action, highlighting tensions over wages and working conditions.
The country's largest listed auto parts company by market capitalisation, Samvardhana Motherson International, reported a better than expected operating performance in the second quarter (July-September) of 2025-26 (Q2FY26). Though the global passenger vehicle (PV) market is facing multiple headwinds, the company is outperforming on the back of higher content per vehicle and market share gains.
For UK automakers, market access to India will be limited by quantity caps and phased tariff cuts, especially on petrol, diesel and electric vehicles.
Mercedes Benz, BMW and Audi have sharply increased their sourcing from India.
In FY23, Indian operations accounted for 41.6 per cent of the consolidated revenue of India's top five multinationals, up from 34 per cent in FY18 and 33.2 per cent and 34.2 per cent in FY21.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Anil Agarwal breaks into big three; Anil Ambani group out of top 10; Essar, Adani lose out to JSW, Shiv Nadar & Motherson Sumi
Bharat Forge and and Motherson Sumi have market caps ahead of Delphi and Vistion in the US.
Auto, pharma, IT, chemicals among sectors with significant reliance on UK and European nations with Tata Motors, Motherson Sumi, Tata Steel, TCS, Wipro, Infosys and Tech M among key names.
Motherson Sumi, Tata Steel, Jaguar Land Rover will face higher cost.
Adani Exports and GlaxoSmithKline Consumer were the only two A-group stocks that ended in the positive territory.
Indian companies have made acquisitions of $1 billion so far in January
Since last month, the realty (down 23%), auto (down 16%) and finance (down 14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices
Stick to export-focussed plays, large-caps, say analysts
Experts believe while escalation with Pakistan might not have a significant impact on trade economics, both India and China have major trade and investments in each others' economies. While the dispute might continue, it could have a temporary effect on the markets.
Investors turn their attention to export-driven sectors.
Firms to find alternative export routes or face increased trade barriers
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
The rupee breached the 80-mark against the dollar on Tuesday. The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India. The listed companies' revenue expenses in foreign currency or imports exceed their export revenues or revenue earnings in forex. In their latest financial year, BSE500 companies, excluding banks and non-banking finance companies and insurance (BFSI), reported combined forex expenses of Rs 12.31 trillion against forex earnings of around Rs 10 trillion.
Sun Pharma stock has appreciated at 35% a year for 20 years
BS Annual Awards 2014: Power-packed jury picks the best 7 of corporate India
In a historic referendum on Thursday, the United Kingdom voted to leave the Eurozone.
The S&P BSE Auto Index has been one of the biggest outperformers among sectoral indices over the past year with returns of 26 per cent. By comparison, the benchmarks - the National Stock Exchange Nifty50 and the S&P BSE Sensex - managed about 6-8 per cent during this period. Improving demand, falling raw material costs, and rising product realisations, led by the premiumisation of portfolios, have led to a revision of growth estimates and upgrades by domestic brokerages.
The deal street has come out of the record lows in the pandemic-washed out June quarter with transaction value growing almost 6 per cent to $21.64 billion in the July-September quarter, thanks to a string of equity sales by Reliance in its telecom and retail arms, says a report.
'When you have surplus cash flow and markets correct sharply, what options do you have other than buying good stocks?'
Though the intent has been hailed as good for the economy, teething problems remain with a five-rate structure for various goods and services
JLR, Tata Steel Europe CEOs caution staff on high risks of leaving the EU
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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The benchmark has gained 2 per cent this week on continued hopes the incoming Narendra Modi government would unveil substantial economic reforms.
Auto companies are now grappling with a slowdown in sales, triggered by pent up demand due to the COVID-led lockdown easing a bit and supply-side issues for raw material.
Implementation of the Seventh Pay Commission recommendations, One Rank, One Pension are the other triggers going ahead, analysts say
The S&P BSE Midcap and the S&P BSE Smallcap indices slipped in red to shed over 1% each
'Investors should continue to invest because you are looking at the long-term; in the next four to five years, we are bound to outperform (the rest of the world equity markets).'
With little clarity on the demand outlook, investors should wait out the next couple of quarters rather than rush in to catch a falling knife, says Ram Prasad Sahu.
An analysis of past 20 years' demand cycles done by Edelweiss Securities indicates that the auto sector is currently in the middle of a down cycle. Volume recovery, they say, is unlikely to be as sharp as in the past, unless there is strong fiscal support.
The Ambanis are the only Indian family on the top 10 richest families list in Asia.
Indian businesses' weak ability to compete overseas says much about the infirmities imposed by the intensity of government dominance of economic policy and the nature of this dominance, observes Kanika Datta.
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
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