Auto shares in fast lane on festive demand; Maruti hits 52-week high on Goldman Sachs buy call

Auto shares in fast lane on festive demand; Maruti hits 52-week high on Goldman Sachs buy call

Shares of Indian automotive companies surged on September 23 as robust demand for two- and four-wheelers boosted the sector, cushioning broader market weakness. The Nifty Auto index rose nearly 1.5 per cent, led by Maruti Suzuki, Eicher Motors, Tata Motors, M&M, and Hero MotoCorp, alongside consumer finance NBFC Bajaj Finance. Top Gainers: Maruti, Tata Motors,…

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Hyundai to launch hybrid SUV: Carmaker unveils eco-friendly strategy and new products

Hyundai to launch hybrid SUV: Carmaker unveils eco-friendly strategy and new products

Hyundai Motor India Ltd. (HMIL) has announced its plans to introduce eco-friendly powertrains, including hybrid vehicles, as part of its long-term strategy to strengthen its position in the Indian automotive market. Unsoo Kim, Managing Director of Hyundai Motor India, shared the news during a statement on the company’s financial performance and outlook. “We are also…

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