Federation of Automobile Dealers Associations (FADA) has said that automobile retail sales in India rose by 9 per cent in August 2023 aided by sales growth in all segments, including passenger vehicles and two wheelers. The total retail sales across segments rose to 18,18,647 units in August 2023, up 9 per cent, from 16,74,162 units in August 2022.
FADA further said passenger vehicle registrations increased by 7 per cent to 3,15,153 units in August 2023 from 2,95,842 units in August 2022. ...
Automobile retail sales in India rise by 9% in August 2023: FADA
Margins and return ratios shift orbit; poised for re-rating…
About the stock: CIE Automotive India (CIE), part of the Spain-based CIE Automotive Group, is a multi-technology, multi-product automotive component supplier.
• CY22 consolidated revenue mix – Europe 36%, India 64%
• Forging is ~59% of consolidated sales (78% in Europe)
• In India, it derives 49%, 23%, 20%, 8% of sales from PV, 2-W, tractors, M&HCV, respectively. In Europe it now derives 7...
Buy Mahindra CIE Automotive For Target Rs.625 - ICICI Direct