Nishant Sharma, BQ Prime

Nishant Sharma

BQ Prime

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Past articles by Nishant:

Hero MotoCorp Q4 Results: Profit Falls On Lower Demand

Hero MotoCorp Ltd.’s fourth-quarter profit declined as raw material costs rose and demand remained tepid. The earnings, however, met estimates. Standalone net profit of India’s largest two-wheeler maker fell to Rs 627 crore in the quarter-ended March, down 28% from a year earlier, according to an exchange filing. That compares with Rs 625-crore consensus estimate of analysts tracked by Bloomberg. → Read More

April 2022 Auto Sales Live: Maruti Suzuki Sales Fall 5.6%, Toyota Rises 57%

From Maruti Suzuki to Bajaj Auto, leading automakers will report sales figures for April 2022. Catch all the details here. → Read More

Indian Auto Sector’s Nascent Rebound Is Again At Risk

Indian auto sector’s nascent recovery on easing chip constraints has now run into a fresh hurdle. Russia’s invasion of Ukraine and the resurgence of Covid-19 in China could disrupt supplies again, derailing the momentum when the sector had started witnessing signs of a sustainable rebound from the pandemic. That has prompted companies to stock up inventory. → Read More

Ola's Bhavish Aggarwal To Focus On New Projects, CFO Arun Kumar To Manage Daily Operations

Bhavish Aggarwal has confirmed reports that he will step away from Ola’s daily affairs to focus on other projects including electric vehicles. Group CFO Arun Kumar will help manage ride-hailing service's operations. → Read More

Edtech Unicorn Unacademy Lays Off 600 Employees To Cut Costs

India’s second largest edtech platform Unacademy has laid off around 600 employees, as the SoftBank-backed startup looks to cut costs, according to two people with knowledge of the matter. → Read More

India’s Electric Scooters Face Trial By Fire Amid Surging Demand

Sales of EV two wheelers in India have more than doubled this year and are expected to reach close to 10 lakh by the end of FY23 even as supply-chain constraints persist. But the fire incidents, at least four in the last one month alone at different OEMs, have sparked concerns in the nascent market, in a threat to more widespread adoption. → Read More

Auto Sales In March 2022: TVS Motor Company Sales Fall 4.55%

Auto Sales In March 2022: Tata Motors sales rose 30% over the year-ago period to 86,718 units in March 2022. Maruti Suzuki reported a 2% rise in sales on the back of record exports. → Read More

India’s EV Story Hits Its First Bump And It’s Not Demand

Indian makers of electric vehicles, especially two-wheelers, are now grappling with poor supply as the Russia-Ukraine war worsened the chip crunch. Lockdowns in China will only deepen the crisis. → Read More

Auto Sales In March 2022: Russia-Ukraine War Brings Back Supply Worries

Auto sales of Indian carmakers, barring Tata Motors, fell month-on-month in March, brokerages say. Domestic two-wheeler are expected to improve for all, except Bajaj Auto. → Read More

Tata Motors Gets First Tranche Of Rs 7,500-Crore Investment From TPG Rise

Tata Motors Ltd. said it has received the first tranche of Rs 7,500 crore investment for its new passenger electric vehicle subsidiary from TPG Rise Capital. → Read More

SBI Underwrites Rs 12,770 Crore Debt For Adani's Navi Mumbai Airport

The Adani Group has concluded financing of the Navi Mumbai airport as the public sector lender State Bank of India underwrote the entire debt requirement of Rs 12,770 crore for the project. → Read More

Ola, Reliance, Hyundai, Rajesh Exports Win Bids To Make Battery Cell Plants In India

Ola Electric Mobility, Hyundai Global Motors Co., Reliance New Energy Solar and Rajesh Exports Ltd. have won bids under the country’s $2.4-billion (Rs 18,100 crore) scheme to build gigafactories that make battery cells in India. → Read More

Zomato Now Wants To Deliver Food In 10 Minutes

Zomato Ltd. now wants to deliver food in 10 minutes as it seeks to replicate the fast-growing rapid-grocery service experience for restaurant meals ordered online. → Read More

Ola Electric, RIL Among Four Firms To Win Bids To Make Tesla-Style Gigafactories

Four companies, including Reliance Industries Ltd. and Hyundai Global Motors Co., have won bids to receive incentives under the country’s $2.4-billion (Rs 18,100 crore) scheme to build Tesla-style gigafactories that make millions of battery cells, according to three people in the know. → Read More

Maruti Suzuki, Tata Motors, Bajaj Auto Among 95 Firms Selected Under PLI Scheme

India has selected more than 95 applicants as part of its plan to offer Rs 25,938-crore incentives to boost local production of automobiles and auto parts. → Read More

N Chandrasekaran Named Air India Chairman

Tata Sons Pvt.’s N Chandrasekaran has been named as chairman of Air India. The board has given its nod to Chandra’s appointment, a Tata Sons spokesperson told BloombergQuint. → Read More

Auto Sales Rise For Third Straight Month But Supply-Side Woes Linger: SIAM

Auto sales in February 2022: 2.62 lakh passenger vehicles were sold last month, a 3.42% increase over January, according to SIAM data. Auto sales, however, fell 6.53% year-on-year. → Read More

Why Volkswagen Unveiled Virtus Sedan In SUV-Loving India

For Volkswagen Group, sedans remain part of its 2.0 strategy for India where buyers prefer to buy SUVs. Volkswagen Passenger Cars India has unveiled the Virtus mid-size sedan. While the company will reveal the price in May, the model will compete with group sibling Skoda Slavia, Maruti Suzuki's Ciaz, Hyundai's Verna and Honda's City. → Read More

Hero MotoCorp Vs Bajaj Auto: Goldman Sachs’ Pick

Goldman Sachs has initiated coverage on Hero MotoCorp with a ‘sell’, while suggesting a ‘buy’ for Bajaj Auto. Ongoing geopolitical uncertainties and transition toward electric two-wheelers could impact margin of the two-wheeler industry. → Read More

Auto Sales February 2022 Live: Escorts, VECV See Rise In Sales

Track the February 2022 auto sales highlights here. → Read More