SouLSteer.com: 2017

Tuesday, 11 July 2017

Edelweiss Securities launches report on Automobile sector by Chirag Shah, Research Analyst

"The domestic auto sector is in a sweet spot, riding anticipated cyclical recovery and rising structural tailwinds. More importantly, few players have established a decisive lead and are set to further fortify their position over the next 3-5 years. Our category-wise deep dive analysis makes us believe that: (a) Maruti Suzuki’s (MSIL) dominance in PVs will rise further reaping benefits of the widening gap versus peers on all fronts – operational, financial and products; (b) Eicher Motors (EIM) and Honda Motorcycle (HMSI) are striding a multi-year demand up-cycle (shift in preference plus extremely low penetration) in >250cc motorcycles and scooters respectively, owing to their first-mover advantage; and (c) Ashok Leyland (AL) may dethrone market leader Tata Motors (TTMT) in M&HCVs. That these gains are backed by rising profitability & cash flows and the sector is an early cycle play, should only raise their valuations. We believe that the traditional auto sector valuation framework is undergoing a change, reflecting business dynamics (growth and cash flows), individual company domination and prospects, and drawing parallels with consumer facing businesses across sectors (from banking to commodities). We believe, this convergence of cycle, structure and businesses will drive AL, EIM and MSIL to newer highs. We advise investors to hop on for the joy ride."

Check the PDF

Thursday, 6 July 2017

Renault India passes GST benefits to customers across its products

New Delhi, July 5, 2017: Renault, one of the fastest growing automotive brands in India, today announced that it will pass on the benefits of GST rates on its vehicles to the customers. With this, customers will stand to benefit upto 7%. The price change will vary depending on the state, model and the variant purchased, basis the tax rates applicable prior to GST.

Sunday, 28 May 2017

Friday, 21 April 2017

Royal Enfield opens distribution subsidiary and flagship store in Sao Pualo, Brazil

World’s fastest growing motorcycle brand - Royal Enfield - strengthens presence in Latin America
~ Royal Enfield sets up a direct distribution subsidiary in Brazil headquartered in Sao Paulo, ~

~ Opens first stand-alone flagship store in Sao Paulo ~

Monday, 3 April 2017

Mercedes-Benz India on implementation of BS IV norms in the country

“Mercedes-Benz India congratulates the Government for implementing the much required BS IV norms across the country. We believe it is a positive step and the right build-up towards the promised implementation of the BS VI norms by 2020. With the given emission roadmap, we underline that the introduction and adaptation to the BS VI norms is the only viable option for the entire auto industry. In case of stricter emission standards, Mercedes-Benz India is ready to offer the EU 6 Diesel models that are already in use in Europe, subject to the availability of compatible fuel quality across the country. This will be crucial for the introduction of our very low emission clean Diesel vehicles in the Indian market. We are hopeful that the introduction of BS VI norms will be implemented by 2020 in the same spirit and commitment shown by the Government. For future changes, we hope any ambiguity related to the implementation of BS VI norms shall be clarified within the required timeframe, for the successful introduction of BS VI norms, which will be financially and technically more challenging. This however, will be the most defining step towards addressing vehicular emission and providing latest technology.”