E20 no cause for concern: Toyota Kirloskar, Maruti Suzuki, Hero MotoCorp, Bajaj Auto, Hyundai and TVS say
June auto sales highlighted strong growth for TVS Motor, Bajaj Auto, Mahindra & Mahindra, and Maruti Suzuki, with EV sales witnessing a sharp jump. However, Aditya Shah, Founder of Hercules Advisors, believes investors should be cautious about chasing expensive EV OEMs despite the proposed Delhi EV policy. Instead, he prefers auto ancillary companies such as Sona BLW, Motherson, and Preco, which could benefit from rising electric vehicle adoption. Shah also remains bullish on Mahindra & Mahindra as his top passenger vehicle pick, citing its strong position across SUVs, EVs, and tractors. Watch the full discussion for his complete investment strategy.
Ola Electric surged 11.21 per cent to hit a day high of Rs 44.95, while Ather Energy gained 5.57 per cent to touch a fresh 52-week high of Rs 1,142.80. Shares of Bajaj Auto Ltd and TVS Motor Company Ltd were also trading higher.
Auto major Bajaj Auto has disclosed a ransomware attack affecting its systems and those of its technology subsidiary, triggering an immediate cybersecurity response. While the company says the incident has been contained and mitigated, it has not yet clarified whether operations, production, or sensitive data were impacted. The incident comes amid rising cyber threats targeting global automakers. Industry observers are also questioning whether Bajaj Auto had cybersecurity insurance in place, a key factor in mitigating financial losses from such attacks. The development has renewed focus on cyber resilience, data protection, and operational security across the automotive sector.
The ransomware attack comes nine months after Tata Motors Passenger Vehicles’ British subsidiary Jaguar Land Rover faced a cyberattack that halted production at its plants in the United Kingdom and Slovakia for over a month.
Jain of SMC Global said 15 per cent of the buyback is reserved for retail shareholders, but the retail shareholder base is significantly larger than the reserved quota.
Bajaj Auto shares were down 2.46 per cent after it reported a cyber security incident, involving a ransomware attack impacting the systems of Bajaj Auto Limited and its wholly owned subsidiary Bajaj Auto Technology.
Stocks like Infosys, IRFC, YES Bank, Vedanta, Honasa Consumer, Bajaj Auto, City Union Bank, SIS and more will be in the spotlight on Wednesday, June 24.
Bajaj Auto buyback: Promoters and promoter group and persons in control of the company have expressed their intention to not participate in the buyback.
India’s markets are back in action in a holiday-shortened week, but the spotlight is firmly on two mega IPOs that could reshape Dalal Street - NSE and Reliance Jio. In this episode of What’s Hot, Business Today’s Sakshi Batra speaks with Gaurav Sharma of Globe Capital Markets on market trends, the impact of these blockbuster public issues, Reliance Industries’ value-unlocking story, and whether investors should prepare for a shift in liquidity from secondary to primary markets. The discussion also covers key stock ideas including Tata Motors, Bajaj Auto, Voltas, Kirloskar Oil Engines, Bharat Forge, Ashok Leyland, defence plays, oil marketing companies, and the outlook on crude oil, monsoons, AI, data centres and emerging investment themes. Catch all the insights and actionable market views.
His remarks came days after he stepped down from the Bajaj Finserv board to reduce external commitments and take on additional responsibilities in the automobile business and the recent acquisition of KTM.




