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New Delhi, <keyword id="32870" type="General" weightage="20" keywordseo="auto" source="Orion">Auto</keyword> component maker Samvardhana <keyword id="135627" type="General" weightage="20" keywordseo="motherson" source="Orion">Motherson</keyword> International on Friday said it has inked a pact to fully acquire Bengaluru-based Rollon Hydraulics for an undisclosed amount. Rollon is engaged in manufacturing, assembly and supply of high-precision turned parts, spools, and other machined components with critical engineering applications for the agriculture and off- Highway segment from its two facilities based out of Bengaluru. "Our focus on being a solutions provider to our customers has been a driving force for this acquisition. We are getting access to a new industry segment of construction and material handling for our precision metal business," Motherson Chairman Vivek Chaand Sehgal said in a statement. The company believes this business is highly synergistic with Motherson's existing business and offers ample opportunities to grow this business in India, Mexico &amp; other geographies, he added. "This is our fifth acquisition in India in the past 12 months, reaffirming India's importance in our future plans," Sehgal noted.

Auto component maker Motherson to acquire Bengaluru-based Rollon Hydraulics

New Delhi, May 4 () Auto stocks on Monday plunged nearly 12 per cent after top carmakers, including Maruti Suzuki reported zero monthly domestic sales for the first time ever in April after the nationwide lockdown halted output and shut sales network. Shares of Tata Motors tanked 12.45 per cent, Motherson Sumi Systems shares plummeted 12.27 per cent, Apollo Tyres 9.45 per cent, Hero MotoCorp 8.34 per cent, Maruti Suzuki India 8 per cent on the BSE. Ashok Leyland tumbled 7.83 per cent, TVS Motor Company 7.16 per cent, Mahindra &amp; Mahindra 6.95 per cent, Bajaj Auto 6.66 per cent and Eicher Motors 6.30 per cent. The BSE Auto index fell by 6.33 per cent in early trade. Maruti Suzuki India, Hyundai Motor India Ltd, Mahindra &amp; Mahindra, Toyota Kirloskar Motor and MG Motor India reported nil sales as they suspended operations even before the imposition of lockdown on March 25, to check the spread of coronavirus. Maruti Suzuki, which produces more than half of the cars running on Indian roads, said it did not sell any vehicle in the domestic market in April. Homegrown automaker M&amp;M also reported zero sales of passenger and commercial vehicles in the domestic market. In two-wheeler segment, niche bike maker Royal Enfield said it had zero sales in the domestic market. SUM DRRDRR

Auto stocks slump nearly 12 pc as lockdown-hit automakers score nil domestic sales in April

New Delhi, May 4 () Auto stocks on Monday plunged up to 12.5 per cent after top carmakers, including Maruti Suzuki reported zero monthly domestic sales for the first time ever in April after the nationwide lockdown halted output and shut sales network. Shares of Motherson Sumi Systems plummeted 12.51 per cent, Tata Motors tanked 9.88 per cent, Maruti Suzuki India 8.75 per cent, Apollo Tyres 7.69 per cent and Hero MotoCorp 7.61 per cent on the BSE. Bajaj Auto dropped 7.12 per cent, Eicher Motors 6.45 per cent, Ashok Leyland tumbled 5.73 per cent, TVS Motor Company 5.20 per cent and Mahindra &amp; Mahindra 2.66 per cent. The BSE Auto index fell by 6.88 per cent. Maruti Suzuki India, Hyundai Motor India Ltd, Mahindra &amp; Mahindra, Toyota Kirloskar Motor and MG Motor India reported nil sales as they suspended operations even before the imposition of lockdown on March 25, to check the spread of coronavirus. Maruti Suzuki, which produces more than half of the cars running on Indian roads, said it did not sell any vehicle in the domestic market in April. Homegrown automaker M&amp;M also reported zero sales of passenger and commercial vehicles in the domestic market. In two-wheeler segment, niche bike maker Royal Enfield said it had zero sales in the domestic market. Bajaj Auto on Monday said it did not sell any two-wheelers or commercial vehicles in the domestic market in April. The company, however, shipped 32,009 two-wheeler units to overseas markets last month, Bajai Auto said in a statement. SUM SHWSHW

Auto stocks slump up to 12.5 pc as lockdown-hit automakers score nil domestic sales in April

<ul><li>Shares of automaker JBM Auto received orders for supply of 500 electric busses from a few state governments and corporate clients.</li><li>The multibagger stock has delivered 138% returns in the last one year.</li><li>Shares of several auto component makers have rallied in the last one month.</li></ul>Shares of JBM Auto were among the top gainers on Dalal Street with share price up 17% on large orders. The Gurugram-based automaker has received orders for 500 for <keyword id="6358344" type="General" weightage="20" keywordseo="electric-buses" source="Orion">electric buses</keyword> and some compressed natural gas (CNG) buses from states including Delhi, Bengaluru and Uttar Pradesh along with other corporate clients. Majority of the orders are for electric buses. The move tells a lot about the shift towards clean energy and increasing demand for electric vehicles in the country. JBM Auto is into bus manufacturing with an aim to become a globally benchmarked producer of modern intra-city buses. Meanwhile, shares of many auto component makers and peer companies to JBM Auto have rallied in the last one month. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Peer companies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% return in last one month </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Exide Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">14% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Motherson Sumi Systems </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">9% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bosch </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">10% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sona BLW Precision Forgings </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">27% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Pricol </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">13% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">JBM Auto </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">14% </td></tr></tbody></table> Shares of the company ended up 12.74% at ₹513 as on September 23. <div type="image" title="JBM auto" height="900" width="1200" msid="86453366" hostid="261"></div> Moreover, shares of the automaker have more than doubled investors’ money in the last one year. The market capitalisation of the company stood at ₹2,454 crore. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/the-success-story-of-indias-first-saas-company-to-be-listed-in-nasdaq/articleshow/86452977.cms">The success story of India’s first SaaS company to be listed in Nasdaq</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/freshworks-ipo-lists-on-us-exchange-gives-tribute-to-rajinikanth-during-the-listing-ceremony/articleshow/86452943.cms">Landmark moment for this Rajinikanth fan’s SaaS startup on listing at US exchange</a>

Multibagger stock JBM Auto spikes 17% in one trading session on large order for electric bus

<ul><li><keyword id="46156" type="General" weightage="20" keywordseo="tvs-motor" source="Orion">TVS Motor</keyword> is reportedly in talks with a clutch of global private equity investors to raise $300-500 million for its electric vehicle subsidiary.</li><li>The two-wheeler automaker had recently announced its plans to create a wholly owned subsidiary for electric mobility business.</li><li>Shares of TVS Motor have surged 40% in the last one month as investors are excited about the company’s growth plans in the EV space.</li></ul>At present, Indian investors are very much excited about the emerging electric vehicle (EV) industry since one of the largest automakers <keyword id="42747" type="General" weightage="20" keywordseo="tata-motors" source="Orion">Tata Motors</keyword> expanded its EV business with a $1 billion investment from a US-based private equity firm. Now another automaker <a href="https://economictimes.indiatimes.com/industry/renewables/tvs-in-talks-to-raise-up-to-500-million-for-ev-subsidiary/articleshow/87595707.cms">reportedly </a>in line to raise funds from global private equity investors for the EV business is south India-based two-wheeler maker TVS Motor. The company has garnered quite a lot of investors attention since it announced its plans to enter into the electric vehicle space. On October 21, the two-wheeler automaker had announced the incorporation of a wholly owned subsidiary for electric mobility business. The Economic Times report said that TVS Motor, India's third largest two-wheeler maker, is in talks with a clutch of global private equity investors to raise $300-500 million (₹2,220-3,700 crore) for its electric vehicle subsidiary at a valuation of $3.5-4 billion. This report triggered the stock for good as it surged 9% in a single day on November 9. In the last one month, shares of TVS Motor have surged 40%. <div type="image" title="TVS motor" height="900" width="1200" msid="87603542" hostid="261"></div> <a href="https://www.cnbctv18.com/market/stocks/tvs-motor-up-11-on-reports-of-company-exploring-investment-for-ev-arm-11390992.htm">Reportedly</a>, TVS Motor currently sells around 500 EV units a month (5-month average) and has about 4% market share in EVs. On October 13, private equity firm TPG’s Rise Climate Fund along with Abu Dhabi Development Holding announced an investment worth ₹7500 crore (around $1 billion at current prices) in Tata Motors’ electric vehicles (EV) segment. Tata Motors’ stock has been on a rising spree in the last couple of months on its strong hold in the EV industry. <div type="image" title="tata motors ch" height="900" width="1200" msid="87603626" hostid="261"></div> Companies involved into manufacturing of EV are flavour of the season Currently, investors are rewarding companies involved in manufacturing EV business as the demand for electric vehicles is booming with the government’s efforts to focus on alternatives to fuel based vehicles. On November 9, TVS Motor’s stock was the top gainer in the Nifty Auto index along with several auto component makers, whose stocks <a href="https://www.businessinsider.in/stock-market/news/tata-power-minda-corporation-bharat-forge-are-good-stocks-if-you-are-looking-to-invest-in-electric-vehicle-industry/slidelist/86059175.cms">have also been rallying </a>on involvement in the manufacturing of certain components for electric vehicles. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Auto companies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% return in 2021 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Olectra Greentech </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">395% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Tata Power </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">215% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">175% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Minda Corporation </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">92% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sona BLW Precisions </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">90% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bharat Forge </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">53% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">TVS Motor </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">51% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Motherson Sumi </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">45% </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/retail/news/profit-margin-of-britannia-declines-in-q2-of-fy-2022/articleshow/87600806.cms">Britannia is unable to improve its profit despite a price increase — what’s next</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sapphire-foods-will-capture-the-wave-of-change-in-eating-habits-say-analysts/articleshow/87598674.cms">Sapphire Foods will capture the wave of change in eating habits, say analysts</a>

After Tata Motors, TVS Motor may raise money to run EV business

<ul><li>With car sales being woefully slow, Indian <keyword id="1108326" type="PERSON" weightage="20" keywordseo="auto-manufacturers">auto manufacturers</keyword> are going to see the weakest Q1 results in a decade, say analysts. </li><li>A CLSA report has said that Q1 EBITDA is going to fall by an average of 28% for all auto companies.</li><li><keyword id="44883" type="CITY" weightage="20" keywordseo="Maruti-Suzuki">Maruti Suzuki</keyword> cut production for the fifth consecutive month in June due to lack of demand.</li></ul>Indian automakers have been witnessing a massive slowdown in sales and that has resulted in stock analysts calling it the first quarter, their toughest quarter in a decade. CLSA, the capital markets research firm, has said that first quarter results for FY 20 is likely to be the weakest in a decade for the auto sector because of depressed volumes and margin pressure. The report further mentions that for the first quarter, pre-tax profits would fall by 28% year-on-year for the entire industry. While Maruti and Ashok Leyland could see their quarter’s profits decline by 35-43%, Eicher, <keyword id="45224" type="CITY" weightage="20" keywordseo="Mahindra">Mahindra</keyword> and Motherson Sumi could see a 14-21% decline. “We remain cautious on the sector and have sell ratings SELLs on 70% of our stock coverage; on a relative basis, we continue to prefer Maruti , Eicher, and Motherson,” said the report. <keyword id="424067" type="PERSON" weightage="20" keywordseo="Car-sales-in-India">Car sales in India</keyword> have been falling for the last past few months. In May 2019, passenger car sales declined by 20.5%. One of India’s biggest car manufacturers, Maruti Suzuki had reported a decline by 21% in its car sales for May. In June, it fell again by 14%. In fact, the auto manufacturing giant cut production for the fifth consecutive month in June due to lack of demand. Its shares fell too, shedding ₹7,000 crore in market value in early July.

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Auto component maker Motherson to acquire Bengaluru-based Rollon Hydraulics

PTI

Auto stocks slump nearly 12 pc as lockdown-hit automakers score nil domestic sales in April

PTI

Auto stocks slump up to 12.5 pc as lockdown-hit automakers score nil domestic sales in April

PTI

Multibagger stock JBM Auto spikes 17% in one trading session on large order for electric bus

Bhakti Makwana

After Tata Motors, TVS Motor may raise money to run EV business

Bhakti Makwana

A global investment firm has 'SELL' rating on 70% of Indian car makers because sales may not pick up speed

Sanchita Dash

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