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After a washed-out May, can auto sales rebound anytime soon?

It was a sense of déjà vu for the automobile sector in May as Covid second wave swept across the country, once again triggering state-wise and localised lockdowns. Owing to this, automobile companies posted extremely muted sales figure, with high double-digit month-on-month (MoM) decline across segments. This was for the second straight month that the auto sales figures took a hit and analysts expect volumes to remain subdued in June too amid Covid-led disruptions. But will this phenomenon last long? Analysts tracking the sector expect the pent-up demand story to play out from the second quarter of the financial year 2021-22 (Q2FY22) as states unlock. Furthermore, pick up in vaccination pace also holds the key for a revival in the auto space, they said.

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Maruti wants to up its SUV game after Brezza s success⁠ — that means taking on M&M, Hyundai and Kia head on

» Maruti wants to up its SUV game after Brezza’s success⁠ that means taking on M&M, Hyundai and Kia head on Maruti wants to up its SUV game after Brezza’s success⁠ that means taking on M&M, Hyundai and Kia head on Sanchita DashMay 3, 2021, 16:52 IST Maruti s presence in SUV segment is low even though the company has marked a great performance with its entry level SUV offerings like Vitara Brezza. BCCL Maruti Suzuki said that it has an overall market share of 48% – and the only deterrent from a higher market share is the SUV segment. The struggle is visible even though the company has marked a great performance with its entry level SUV offerings like Vitara Brezza.

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Craftsman IPO: Craftsman Automation IPO subscribed 89% so far on Day 2

NEW DELHI: The IPO of Craftsman Automation was subscribed 126 per cent on Tuesday, the second day of the bidding process. The issue was subscribed 55 per cent on the first day. The issue has received bids for 48,56,990 shares against the 38,69,714 shares on offer. Shares under the Craftsman IPO are being offered in the price range of Rs 1,488-1,490, and investors can subscribe to the issue by betting in lots of 10 shares. Retail investors can bid for a maximum of 13 lots. The IPO comprises a fresh issue of equity shares aggregating up to Rs 150 crore, and an offer for sale of up to 45,21,450 shares by the promoter and existing shareholders. On Friday, the company raised a little over Rs 247 crore from 21 anchor investors.

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craftsman automation ipo review: Craftsman Automation IPO kicks off: Should you subscribe?

craftsman automation ipo review: Craftsman Automation IPO kicks off: Should you subscribe?
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Craftsman IPO: At 73 times earnings, is Craftsman Automation IPO worth investing?

Craftsman IPO: At 73 times earnings, is Craftsman Automation IPO worth investing?
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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