Auto Stocks Rally on GST Cut: A Catalyst for Mass Mobility and Consumer Growth The recent decision by the GST Council to reduce the Goods and Services Tax (GST) rate on small cars and motorcycles has sent a strong positive signal to the Indian stock markets and consumers alike. This rationalisation of GST rates, lowering the tax burden from 28% to 18% on small cars and motorcycles up to 350cc engines, marks a significant step toward boosting demand in the mass mobility segment. The move has ignited optimism, reflected in the robust rally of auto stocks such as Mahindra & Mahindra and notable gains in consumer sectors like footwear. GST Rationalisation and Its Nuances The revised GST regime targets vehicles that dominate the mass market segment. Small petrol, CNG, and LPG cars with engine capacities up to 1200cc and length up to 4000mm, along with diesel variants up to 1500cc, now enjoy a uniform 18% GST rate compared to the earlier 28%. Similarly, motorcycles with engines u...

Steel Strips Wheels: A Hot Stock to Watch Out for in the Auto Sector Steel Strips Wheels (SSWL) is a leading manufacturer of steel and alloy wheels for various segments of the automobile industry. The company has been delivering strong performance in terms of revenue, profitability, and exports, making it a hot stock to watch out for in the auto sector. Record High Share Price SSWL’s share price hit a record high of Rs 208.80 on June 26, 2023, surging 9 percent on the BSE in intra-day trade amid heavy volumes. The stock has gained 41 percent in June so far, outperforming the S&P BSE Sensex which is up less than 1 percent during the same period. The share price rally is driven by the hopes of healthy volume growth as the company reported a 9.84 percent year-on-year (YoY) increase in net turnover to Rs 357.27 crore in May 2023. The company also recorded the highest-ever 225 percent YoY growth in exports by volume in the last 12 months. Diversified Product Portfolio and Cu...

GNA Axles: A Leading Manufacturer of Automotive Transmission Components If you are looking for a reliable and cost-efficient supplier of rear axles, shafts, spindles and other automobile components, you should consider GNA Axles. GNA Axles is one of the world’s leading manufacturers of automotive transmission components, with a global presence and a rich history of excellence. What makes GNA Axles stand out? GNA Axles has been in the business of manufacturing auto components for the four-wheeler industry since 1946, when it was founded by Sardar Amar Singh Ji. Since then, it has grown into a group of companies with a turnover of over Rs. 1,000 crore and a market cap of Rs. 1,698.77 crore. GNA Axles has a strong customer base that includes some of the top original equipment manufacturers (OEMs) in the world, such as John Deere, CNH Industrial, Mahindra & Mahindra, TAFE, Escorts, Sonalika, SML Isuzu, Ashok Leyland and many more. GNA Axles exports its products to over 40 c...