{"id":160108,"date":"2025-08-20T03:48:10","date_gmt":"2025-08-20T03:48:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/160108\/"},"modified":"2025-08-20T03:48:10","modified_gmt":"2025-08-20T03:48:10","slug":"sensex-today-stock-market-live-updates-nifty-opens-around-24950-hal-gains-over-3-on-hopes-of-large-order","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/160108\/","title":{"rendered":"Sensex Today | Stock Market LIVE Updates: Nifty opens around 24,950; HAL gains over 3% on hopes of large order"},"content":{"rendered":"

NOMURA ON AUTOS<\/strong><\/p>\n

GST rate cut could lead to more upside<\/p>\n

Highest upside potential for M&M, Maruti, Ashok Leyland & TVS<\/p>\n

Within suppliers, preference for domestic cos (Uno Minda, Samvardhana & Sansera)<\/p>\n

\u00a0<\/p>\n

REPORTS ON LIKELY GST RATE CUT<\/strong><\/p>\n

Auto sector could potentially see a reduction in tax rate<\/p>\n

Rate for ICE small cars & 2-wheelers to reduce to 18% from 28%<\/p>\n

Large cars could see a reduction from 43-50% to 40%<\/p>\n

Risk of motorcycles of more than 350cc may see an increase to 40% GST rate from 31%<\/p>\n

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GST RATE CUT & THE IMPACT<\/strong><\/p>\n

May have a multiplier effect of 1-1.5x, implying 5-10% increase in demand<\/p>\n

Popular models are likely to see sizable price cuts<\/p>\n

WagonR may see price cut of 9%, Bolero by 10%, Brezza & Creta by 3% & XUV700 by 7%<\/p>\n

Exposure to small car slab at 68% for Maruti & 52% for M&M incl LCVs<\/p>\n

In anticipation of tax cut, sales have slowed down substantially<\/p>\n

GST revenue loss impact of such a move likely at \u20b974,000 cr<\/p>\n

Assuming 10% higher volumes, the loss reduces to \u20b954,000 CR<\/p>\n

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LIKELY GST RATE CUT: MAJOR BENEFICIARIES<\/strong><\/p>\n

Benefit is likely to be larger for 4W OEMs than 2W OEMs<\/p>\n

2W OEMs likely to face costs related to ABS implementation<\/p>\n

ABS mandate may shave 50% (\u20b93,000-4,000) off the benefit by next year<\/p>\n

Eicher which already has its portfolio on ABS, may benefit more from a GST cut<\/p>\n

100-150 bps margin improvement potential for all 4W OEMs<\/p>\n

OEMs with domestic exposure are likely to benefit the most<\/p>\n

\u00a0<\/p>\n

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LIKELY GST RATE CUT: IMPACT ON AUTO COMPONENT COS<\/strong><\/p>\n

Domestic suppliers are likely to see benefits in the form of higher volumes<\/p>\n

May enjoy better pricing power in aftermarket<\/p>\n

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GST RATE CUT & THE IMPACT ON EVs<\/strong><\/p>\n

Negative for EV OEMs, price gap between ICE & EVs could increase<\/p>\n

Could push back EV adoption by 2-3 yrs<\/p>\n

It can be addressed by giving a demand incentive to EVs<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"NOMURA ON AUTOS GST rate cut could lead to more upside Highest upside potential for M&M, Maruti, Ashok…\n","protected":false},"author":3,"featured_media":34739,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[64,92848,92849,92853,92847,92855,92850,23363,135,92854,5669,8870,92852,86469,92851,5670,23354,10748,73529,23201,67,132,68],"class_list":{"0":"post-160108","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-cochin-shipyard-share-price","10":"tag-garden-reach-share-price","11":"tag-gng-electronics-share-price","12":"tag-hindustan-aeronautics-share-price","13":"tag-info-edge-share-price","14":"tag-irfc-share-price","15":"tag-it-stocks","16":"tag-markets","17":"tag-nazara-tech-share-price","18":"tag-nifty","19":"tag-nifty-50","20":"tag-nifty-it","21":"tag-online-gaming","22":"tag-pg-electroplast-share-price","23":"tag-sensex","24":"tag-sensex-nifty-today","25":"tag-share-market-today","26":"tag-stock-market-live","27":"tag-stock-market-live-updates","28":"tag-united-states","29":"tag-unitedstates","30":"tag-us"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/160108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=160108"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/160108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/34739"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=160108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=160108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=160108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}