Selected auto stocks were trading higher on the BSE, as domestic credit ratings agency ICRA in its latest report has said the domestic automotive industry has seen a healthy revival in the current fiscal, aided by a recovery in economic activities and increased mobility, and is expected to grow at high single-digit levels across segments in FY24. It stated, category-wise, passenger and commercial vehicle volumes could see a growth of 6-9 per cent and 7-10 per cent, respectively, the two-wheeler and tractors are estimated to grow at 6-9 per cent and 4-6 per cent, respectively, in the financial year starting April 2023.
TVS Motor Company is currently trading at Rs. 1012.50, up by 10.35 points or 1.03% from its previous closing of Rs. 1002.15 on the BSE.
Maruti Suzuki India is currently trading at Rs. 8500.35, up by 4.30 points or 0.05 % from its previous closing of Rs. 8496.05 on the BSE.
Atul Auto is currently trading at Rs. 358.85, up by 20.35 points or 6.01 % from its previous closing of Rs. 338.50 on the BSE.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.