If the current geopolitical situation persists that results in supply chain disruptions and firm commodity prices, CLSA expects 30-40 per cent cuts to auto sector's FY27 earnings.

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During the first Covid wave, over a 40-day period, Indian auto OEMs generally corrected in a range of 30-45 per cent, driven by fears of prolonged demand and production disruption, CLSA said.

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Sectorally, the Nifty Auto index was among the worst hit. It fell 859.20 points, or 3.36 per cent, to 24,739.65. The index opened at 25,078.80 and continued to slide, reflecting broad-based weakness ...

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KCB Bank Kenya has announced a public auction of repossessed vehicles featuring a Toyota Land Cruiser Prado, Mitsubishi and several other popular models.

Ashok Leyland Limited is presently engaged in manufacture and sale of commercial vehicles. The Company manufacture engines for industrial and marine applications forgings and casting. Its products ...