November Month Auto Sales Numbers:
Positive Results:
Bajaj Auto: Sales up 5% YoY to ~4.21 lakh units.
TVS Motors: Sales up 10% YoY to ~4.01 lakh units.
Maruti Suzuki: Sales up 10% YoY to ~1.81 lakh units.
Mahindra & Mahindra: Sales up 16% YoY to ~79,083 units (slightly below estimates).
Eicher Motors (Motorcycles): Sales up 2% YoY to 82,257 units.
Toyota Kirloskar Motor: Sales up 44% YoY to 25,586 units.
Eicher Motors (VECV): Sales up 7.3% YoY to 5,574 units.
MG Motor (JSW Group): Sales up 20% YoY to 6,019 units.
Ashok Leyland: Sales up 1% YoY to 14,137 units.
Atul Auto: Sales up 25% YoY to 2,820 units.
VST Tiller: Sales up 7% YoY to 2,251 units.
Negative Results:
Hero MotoCorp: Sales down 7% YoY to ~4.59 lakh units.
Hyundai India: Sales down 6.9% YoY to 61,252 units.
Escorts Kubota: Sales down 9.1% YoY to 8,974 units.
SML Isuzu: Sales down 16.7% YoY to 539 units.
Fundraising Updates of The Companies:
Torrent Power: Plans ₹4,000 crore QIP; floor price fixed at ₹1,555.75/share.
Manaksia Coated: Approves ₹134.55 crore preferential warrant issue.
Affordable Robotic: Greenlights $15 million fundraising for expansion.
Sylph Tech & Sudarshan Chemicals: Scheduled board meetings to discuss fundraising on December 5.
Regulatory & Legal Updates:
Indo Borax: Considers voluntary delisting from the Calcutta Stock Exchange.
Datamatics: Earns UK Cyber Essentials Certification, boosting security compliance.
Strategic Business Developments:
Max Financial: Evaluates a merger with Max Life for direct listing prospects.
Gateway Distriparks: Launches a container train service to Kandla Port, strengthening its logistics network.
Security & Compliance:
Niva Bupa: Initiates an investigation into reported data breach claims.
Cian Agro: Secures an export order to UAE for eco-friendly personal care products.
Market Trends:
SSWL: Reports a marginal dip in November turnover (-0.12% YoY).
India Cements: Cyclone Fengal disrupts Tamil Nadu operations; IMD issues a red alert for Kerala.
New Orders & Contracts:
Protean eGov: Secures a ₹161 crore project for CKYCRR 2.0 implementation.
SpiceJet: Wins rights for 2025 Haj flights, estimated revenue of ₹185 crore.
Sterling and Wilson: Bags a ₹504 crore order for a 305 MW AC PV project in Rajasthan.
Tembo Global: Receives a ₹43 crore order; market cap now at ₹700 crore.
Aimtron Electronics: Secures an AI sector order worth $1.8 million.
Waaree Energies: Receives orders for 524 MWp solar modules.
Advait Energy: Qualified bidder for a 50 MW/500 MWh battery energy storage system in Gujarat.
Corporate Updates & Announcements:
Ola Electric: Expands distribution to 4,000 stores, accelerating EV service readiness.
Nazara Tech: Invests ₹43.7 crore in Funky Monkeys, acquiring a 60% equity stake.
Safari Industries: Commences commercial production at its Jaipur facility.
RDB Realty: To discuss a stock split in December.
Strategic Partnerships & Agreements:
HCL Tech: Partners with Google Cloud for AI-driven cybersecurity solutions.
Sterling Tools: Collaborates with Zhejiang Meishuo Electric for latching relays.
Coal India & BPCL: Sign MoU for a Coal-to-SNG project.
Indoco Remedies: Partners with Clarity Pharma, UK, for strategic distribution.
Infrastructure & Expansions:
Meghna Infracon: Acquires a Goregaon residential project with ₹220 million sales potential.
HOAC Foods: Installs advanced grain-cleaning equipment, saving ₹31 crore annually.
Orient Green Power: Expands solar capacity to 35 MW DC.
Restructuring & Operational Shifts:
Tech Mahindra: Merges two subsidiaries to streamline operations.
Pricol: Acquires TVS Auto’s injection-molded plastics division for ₹215.3 crore.
Axiscades Technologies: Announces restructuring of defense-focused subsidiaries.
Business News Highlights from The Top Agencies:
Business Standard:
• India's power consumption up 5% to 125.44 billion units in November.
• Coal India’s production rises 2% to 471 million tonnes (Apr–Nov).
• Block deal activity hits a 6-month low at ₹25,669 crore.
• India’s potential GDP growth pegged at 6.5–7%: CEA Nageswaran.
• SBI plans to open 500 new branches in FY25.
• Tripura demands ₹135 crore in power dues from Bangladesh.
• Skoda aims for sales surge in 2024 with Kylaq SUV launch.
• Govt reviews India-US trade ties amid Trump remarks.
• Advanced tech deployed to enhance retail fuel outlet oversight.
• CBDT extends tax deadline to Dec 15 for overseas transactions.
• Zepto eyes IPO in 2025 with a focus on profitability.
• FM hints at reduced insurance premiums if GST tax rates drop
Economic Times:
• O2 Power to supply 100 MW electricity to East Central Railways.
• Organic food exports near $450 million by November 25 (FY25).
• RBI lifts supervisory restrictions on Navi Finserv.
• AIFF inks deal with Shrachi Sports; I-League matches to air on Sony Sports.
• NBFCs’ asset growth to slow to 15% in FY25 & FY26: CRISIL.
• Up to 75% of GST revenue comes from the 18% slab.
• Indian SMEs prioritize sustainability for success: DHL Survey 2024.
• Wheat planting increases 6.6%, rapeseed sowing declines.
• Rupee among Asia’s best-performing currencies: MoS Finance.
• MapMyIndia to spin off its B2C unit; CEO to lead new venture.
• MG Cyberster electric convertible to launch in January (~₹65–70 lakh).
• Prosus invests $80 million in Mintifi for a 10.6% stake.
Mint:
• Indian real estate attracts ₹75,500 crore investment from AIFs, leading all sectors.
• Byju's insolvency case sees Riju Raveendran approach NCLT.
• Swiggy to expand 10-minute food delivery to tier 2 & 3 cities.
• India’s rates market signals easing after weak growth data.
• Piyush Goyal: Global South not responsible for environmental damage.
• Flipkart partners with GreenLine for greener supply chains.
• KEC International benefits from order wins & financial leverage.
• MahaRERA recovers ₹200 crore from realtors, ₹500 crore more pending.
• Housing prices up 11% in 8 cities (Jul–Sep); Delhi-NCR sees 32% spike.
• Ambuja Cements adopts zero-carbon heating tech with Coolbrook.
• China’s largest EV maker shifts focus to building Apple products.
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