Things are not looking too good at the global level, though. Federal Reserve officials expressed concern about the pace of inflation and have hinted at more rate hikes, minutes of the recent Fed meeting indicated
"Prefer to play the auto industry through auto ancillaries where opportunities still exists. We like Bharat Forge and Samvardhana Motherson. There is little opportunity or margin of error in the high buzz four-wheeler, two-wheeler spaces. While the stock market has yet to rerate Bharat Forge fully, the company offers a benefit through India s Make in Defence programme and can be approached from a medium to long-term investment perspective."
India approves $7bn plan for electric buses in nearly 170 cities bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.
Indian shares fell on
Thursday, weighed by information technology and financial
stocks, tracking weakness in Asian peers on worries over China s
economy and Wall Street on interest rate concerns. . -Today at 12:41 am- MarketScreener
Under the PM-eBus Sewa scheme, around 10,000 new electric buses will be deployed in 100 cities to boost EV adoption, reduce dependence on fossil fuel and decarbonise urban transport