Hero Motors sells 17.6% stake in Munjal Kiriu

Auto components-maker Hero Motors on Monday said it has sold a 17.6 per cent stake in Munjal Kiriu Industries, a joint venture with Japan's Kiriu Corp, to the co-promoter, thus becoming a minority......

Regaining share key to more upside in automobile major Hero MotoCorp

Hero MotoCorp Ltd (HMCL) has been the best-performing auto stock over the last three months, gaining over 17 per cent during this period. Photograph: Amit Dave/Reuters Multiple tailwinds,......

GST 2.0, Festival Cheer Drove Record Vehicle Sales in October

Domestic vehicle retail sales hit record highs in October, driven by GST 2.0-induced affordability, strong festival demand, and a powerful rural recovery, with PV sales rising 11% and two-wheeler......

Valuation a key hurdle for auto stocks in short term

Multiple tailwinds for the automobile sector, including a cut in goods and services tax (GST) rates, are keeping analysts bullish on auto stocks from a long-term perspective, even as they see the......