The US-Israel-Iran war has rejigged India’s auto sector favourites, and the EV trade is now the only clear place to hide, says Nomura The US-Iran war has abruptly changed the calculus for India’s automobile sector. With Brent crude surging — up from around $60 at the start of the year — Nomura’s India autos team … Read more
Tata Motors banks on improving freight rates and transporter economics to fuel replacement demand, even as raw material costs chip away at margins Tata Motors sold a lot more trucks in the third quarter. The more interesting question is why—and whether it will last. Management pointed to something concrete: India’s transporters are making better money. … Read more
After years of tepid growth, India’s commercial vehicle sector is hitting the accelerator. Nomura says lower taxes, aging fleets, and surging freight rates are setting up a multi-year upcycle that’s just getting started The rumble of heavy trucks hauling goods across India’s highways is about to get a lot louder. After several years of modest … Read more