Latest news with #Scala
Business Insider
5 days ago
- Business
- Business Insider
TD Cowen Sticks to Their Hold Rating for Merck & Company (MRK)
TD Cowen analyst Steve Scala maintained a Hold rating on Merck & Company (MRK – Research Report) yesterday. The company's shares closed yesterday at $78.83. Confident Investing Starts Here: According to TipRanks, Scala is a 4-star analyst with an average return of 6.2% and a 56.45% success rate. Scala covers the Healthcare sector, focusing on stocks such as Eli Lilly & Co, Sanofi, and Elanco Animal Health. In addition to TD Cowen, Merck & Company also received a Hold from Citi's Geoff Meacham in a report issued on June 24. However, on June 18, Goldman Sachs maintained a Sell rating on Merck & Company (NYSE: MRK). The company has a one-year high of $132.29 and a one-year low of $73.31. Currently, Merck & Company has an average volume of 15.89M. Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MRK in relation to earlier this year. Most recently, in April 2025, Dalton Smart, the SVP Fin. – Global Controller of MRK sold 4,262.00 shares for a total of $352,723.12.
Time of India
23-06-2025
- Automotive
- Time of India
European auto companies fail to rev up sales in India
European mass market automotive brands Renault , Volkswagen, and Skoda continue to struggle to enhance presence in the Indian market, witnessing sales decline in the last three financial years, industry data showed. According to data by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in 2022-2023. Similarly, Skoda's sales in India in 2024-2025 were at 44,866 units, marginally higher from 44,522 units in 2023-2024, but down from 52,269 units in 2022-2023. On the other hand, the Volkswagen brand posted sales of 42,230 units in 2024-25, down from 43,197 units in 2023-2024. The brand had clocked sales of 41,263 units in 2022-2023. "Renault, Skoda, and Volkswagen faced several headwinds in India despite their tenure," JATO Dynamics India President Ravi G Bhatia told PTI. Explaining why these brands have struggled in India, he said, "Initially, these brands focused heavily on sedans -- Vento, Rapid, and Scala -- which limited their exposure to the fast-expanding SUV segment." Simultaneously, Bhatia said, "They were slower in refreshing product lines, with many models remaining unchanged over extended periods. Network reach has also remained narrow, particularly in Tier 2 and Tier 3 markets, restricting access to a broader audience." Adding to the woes of these brands is "India's unique tax structure, where sub-4-metre vehicles benefit from significantly lower levies". "This has favoured Japanese and Korean OEMs known for cost-effective compact cars. European brands, by contrast, traditionally build larger models and have struggled to deliver competitive offerings within this constraint," Bhatia noted. Under the current policy, passenger vehicles (petrol, CNG, LPG) up to 4 metres in length and up to 1200cc engine attract GST of 28% and 1% compensation cess. Passenger vehicles (diesel) up to 4 metres in length and up to 1500 cc engine is levied 28% GST and 3% compensation cess.
Time of India
22-06-2025
- Automotive
- Time of India
European auto companies fail to rev up sales in India
Renault, Volkswagen, and Skoda are facing challenges in India's automotive market, experiencing sales declines over the past three financial years. Their initial focus on sedans, slow product refreshes, and limited network reach, particularly in smaller cities, have hindered their growth. India's tax structure, favoring sub-4-meter vehicles, further disadvantages these European brands known for larger models. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads European mass market automotive brands Renault, Volkswagen, and Skoda continue to struggle to enhance presence in the Indian market, witnessing sales decline in the last three financial years, industry data to data by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in Skoda's sales in India in 2024-2025 were at 44,866 units, marginally higher from 44,522 units in 2023-2024, but down from 52,269 units in the other hand, the Volkswagen brand posted sales of 42,230 units in 2024-25, down from 43,197 units in 2023-2024. The brand had clocked sales of 41,263 units in 2022-2023."Renault, Skoda, and Volkswagen faced several headwinds in India despite their tenure," JATO Dynamics India President Ravi G Bhatia told why these brands have struggled in India, he said, "Initially, these brands focused heavily on sedans -- Vento, Rapid, and Scala -- which limited their exposure to the fast-expanding SUV segment."Simultaneously, Bhatia said, "They were slower in refreshing product lines, with many models remaining unchanged over extended periods. Network reach has also remained narrow, particularly in Tier 2 and Tier 3 markets, restricting access to a broader audience."Adding to the woes of these brands is "India's unique tax structure, where sub-4-metre vehicles benefit from significantly lower levies"."This has favoured Japanese and Korean OEMs known for cost-effective compact cars. European brands, by contrast, traditionally build larger models and have struggled to deliver competitive offerings within this constraint," Bhatia the current policy, passenger vehicles (petrol, CNG, LPG) up to 4 metres in length and up to 1200cc engine attract GST of 28% and 1% compensation vehicles (diesel) up to 4 metres in length and up to 1500 cc engine is levied 28% GST and 3% compensation cess.
Economic Times
22-06-2025
- Automotive
- Economic Times
European auto companies fail to rev up sales in India
Renault, Volkswagen, and Skoda are facing challenges in India's automotive market, experiencing sales declines over the past three financial years. Their initial focus on sedans, slow product refreshes, and limited network reach, particularly in smaller cities, have hindered their growth. India's tax structure, favoring sub-4-meter vehicles, further disadvantages these European brands known for larger models. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads European mass market automotive brands Renault, Volkswagen, and Skoda continue to struggle to enhance presence in the Indian market, witnessing sales decline in the last three financial years, industry data to data by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in Skoda's sales in India in 2024-2025 were at 44,866 units, marginally higher from 44,522 units in 2023-2024, but down from 52,269 units in the other hand, the Volkswagen brand posted sales of 42,230 units in 2024-25, down from 43,197 units in 2023-2024. The brand had clocked sales of 41,263 units in 2022-2023."Renault, Skoda, and Volkswagen faced several headwinds in India despite their tenure," JATO Dynamics India President Ravi G Bhatia told why these brands have struggled in India, he said, "Initially, these brands focused heavily on sedans -- Vento, Rapid, and Scala -- which limited their exposure to the fast-expanding SUV segment."Simultaneously, Bhatia said, "They were slower in refreshing product lines, with many models remaining unchanged over extended periods. Network reach has also remained narrow, particularly in Tier 2 and Tier 3 markets, restricting access to a broader audience."Adding to the woes of these brands is "India's unique tax structure, where sub-4-metre vehicles benefit from significantly lower levies"."This has favoured Japanese and Korean OEMs known for cost-effective compact cars. European brands, by contrast, traditionally build larger models and have struggled to deliver competitive offerings within this constraint," Bhatia the current policy, passenger vehicles (petrol, CNG, LPG) up to 4 metres in length and up to 1200cc engine attract GST of 28% and 1% compensation vehicles (diesel) up to 4 metres in length and up to 1500 cc engine is levied 28% GST and 3% compensation cess.
Time of India
22-06-2025
- Automotive
- Time of India
European carmakers Renault, Volkswagen and Skoda struggle to boost sales in India
European mass market car manufacturers like Renault , Volkswagen and Skoda continue to find it hard to expand their presence in the India market, witnessing a decline in sales in the last three financial years, industry data showed. According to data released by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in 2022-2023. Skoda had a similar story with sales in 2024-2025 at 44,866 units, marginally higher from 44,522 units in 2023-2024, but down from 52,269 units in 2022-2023. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Volkswagen reported sales of 42,230 units in 2024-25, down from 43,197 units in 2023-2024. The brand had reported sales of 41,263 units in 2022-2023. "Renault, Skoda, and Volkswagen faced several headwinds in India despite their tenure," JATO Dynamics India President Ravi G Bhatia told PTI. Live Events Explaining why these brands have struggled in India, he said, "Initially, these brands focused heavily on sedans like Vento, Rapid, and Scala, which limited their exposure to the fast-expanding SUV segment." Bhatia added, "They were slower in refreshing product lines, with many models remaining unchanged over extended periods. Network reach has also remained narrow, particularly in Tier 2 and Tier 3 markets, restricting access to a broader audience." Adding to the woes of these brands is "India's unique tax structure, where sub-4-metre vehicles benefit from significantly lower levies". "This has favoured Japanese and Korean OEMs known for cost-effective compact cars. European brands, by contrast, traditionally build larger models and have struggled to deliver competitive offerings within this constraint," Bhatia noted. Under the current GST policy, passenger vehicles (petrol, CNG, LPG) up to 4 metres in length and up to 1200cc engine attract GST of 28 per cent and 1 per cent compensation cess. Passenger vehicles (diesel) up to 4 metres in length and up to 1500 cc engine is levied 28 per cent GST and 3 per cent compensation cess. Passenger vehicles of length above 4 metre and engine capacity 1500 cc attract 28 per cent GST and cess of 17 per cent, while those above 1500 cc engine size attract a similar rate of 28 per cent GST and cess of 17 per cent. On the contrary, passenger vehicles, popularly known as SUVs above 4 metres in length, above 1,500cc engine and more than 170 mm in ground clearance attract 28 per cent GST with 22 per cent compensation cess. Bhatia noted that while domestic OEMs like Tata, Mahindra and market leader Maruti Suzuki have captured market share through high localisation, frequent product launches, and early adoption of alternative fuel engines including CNG, hybrids and BEVs, the European players have lagged in electric and hybrid offerings. However, he said, "There are signs of course correction. Skoda, for instance, recently launched the Kylaq, a subcompact SUV tailored for India." On the path forward for these European brands, he said it "may lie in leveraging India for exports and R&D while focusing on under-4-metre, cost-competitive platforms".
