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Auto stocks in focus ahead of Feb sales figures: Here’s what to expect

auto sales numbers in February, but growth in two-wheeler sales may not be as strong despite a low base. Analysts said that the rising fuel cost may increase cost of ownership, while suggesting that hike in vehicle prices in January were insufficient to compensate for rising raw material cost which could lead to margin pressure for automakers in the March quarter. Emkay Global expects personal vehicle (PV) industry growth at 15 per cent, with Tata Motors' domestic volumes soaring 101 per cent and Mahindra & Mahindra's 29 per cent on a low base, thanks supply issues a year-ago. The brokerage pegs Maruti's sales growth at 7 per cent. Maruti Suzuki is seen to report a further fall in market share to to 47.5 per cent in February compared with 49 per cent in December quarter and 53 per cent in February last year, Nomura India said. In case of two-wheelers, Emkay expects a mixed bag, with volume growth for TVS likely at 9 per cent, Eicher Motors' Royal Enfield's at 8 per ... » Learn More about Auto stocks in focus ahead of Feb sales figures: Here’s what to expect

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Mumbai: From tomorrow, pay Rs 27 as minimum night fare for auto, Rs 32 for taxi

(This story was first published in the Times of India on February 28, 2021) MUMBAI: If you plan to take an auto or a taxi in Mumbai, Thane or Navi Mumbai at midnight from Monday, the minimum night fare will be Rs 27 for a three-wheeler and Rs 32 for a kaali-peeli—among the most expensive modes of transport in the city. This was revealed in the new tariff cards that the transport ministry released on Saturday afternoon. Tariff cards for autos, taxis and Cool Cabs will be valid only from March 1 to May 31, as the drivers and owners will have to recalibrate the electronic meters compulsorily within this period. From June 1, fares will be collected only by electronic meters, said transport chief Avinash Dhakne . 1 From March 1, the minimum auto fare for an auto will rise from Rs 18 to Rs 21 From March 1, the minimum fare for a kaali-peeli goes upo from Rs 22 to Rs 25. For a Cool Cab, the fares will go up from Rs 28 to Rs 33 across Mumbai metropolitan ... » Learn More about Mumbai: From tomorrow, pay Rs 27 as minimum night fare for auto, Rs 32 for taxi

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