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Glasgow Research & Consulting shares expertise at industry events

Glasgow Research & Consulting recently showcased its expertise at two industry events for leaders in the automotive and transport & logistics sectors.

At the Truck & Fleet Middle East Conference, Vishal Pandey, a partner at UAE-based Glasgow Research & Consulting, delivered a keynote presentation, sharing industry insights and key takeaways from new research the boutique released in the run-up to the event.

During his keynote, Pandey walked visitors through the current state of the automotive market in the region, and some of the key drivers of growth for the coming years.

The commercial vehicles segment is one area where strong growth is anticipated, with demand in 2026 forecasted to be 30% higher than the current level. “The majority of the demand will be for mid-level and high-end commercial vehicles,” said Pandey during his keynote, earmarking sectors such as construction, trade, and manufacturing as best positioned to lift demand.

Meanwhile, at the Automechanika Sustainability Event, Pandey delivered a presentation and was part of an expert panel that spoke about the future of automotive and the impact of sustainability. Together with the other panelists, Pandey discussed and analysed how the automotive and aftermarket industry is stepping up sustainability efforts both from a business and environmental standpoint.

Key takeaways of the discussion included: Sustainability has risen to the top of the agenda for players in the industry; much attention is going to the development of electrical vehicles and its related infrastructure; sustainability can be achieved only through collaborative efforts of the entire automotive value chain.

Glasgow Research & Consulting is an award-winning strategic research and advisory services firm, with core expertise in market intelligence, market entry and trade development. The firm was founded in 2010, and previously operated as Glasgow Consulting Group.

Indian shares subdued as investors weigh oil prices, global events

Clouds are seen over the Bombay Stock Exchange (BSE) building in Mumbai, India May 25, 2016. REUTERS/Danish Siddiqui

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BENGALURU, March 23 (Reuters) – Indian shares were little changed on Wednesday as cautious investors kept an eye on crude prices and geopolitical events in the absence of any major domestic triggers.

By 0504 GMT, the blue-chip NSE Nifty 50 index (.NSEI) was up 0.11% at 17,334.45, while the benchmark S&P BSE Sensex (.BSESN) had gained 0.10% to 58,046.43.

After falling nearly 1% on Monday and extending those losses into the first half of Tuesday — due to higher oil prices — both the indexes staged a mid-day reversal to end more than 1% higher as investors bought into the dip.

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While the Nifty and Sensex built on the upbeat momentum in early trading on Wednesday, markets have now given up most gains.

“Markets are not going to be that bullish today and there could be some kind of consolidation,” said Devarsh Vakil, deputy head of retail research at HDFC Securities.

“As such, we have risen a lot from (recent) lows. So, it is better to digest these gains,” he added.

Earlier this month, the indexes hit their lowest levels since late-July, but they have since risen about 11% each.

In Mumbai, gains in pharmaceutical and metal stocks offset losses in automobile companies.

The Nifty Pharma Index (.NIPHARM) was up 1.27%, with pharma major Dr Reddy’s Laboratories (REDY.NS) rising 3% and topping the Nifty 50 percentage gainers.

The Nifty Metal Index (.NIFTYMET) rose 0.49%, with aluminium and copper producer Hindalco Industries (HALC.NS) adding 2.3%. Global commodity prices remained high on potential supply hits due to the Ukraine conflict.

The Nifty Auto Index (.NIFTYAUTO) dropped 0.56% and was on track for its second session of losses in three.

Meanwhile, broader Asian markets hit their highest levels since March 4 as investors moved cash back into equities from bonds in preparation for the U.S. Federal Reserve’s aggressive approach to combat inflation.

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Reporting by Anuron Kumar Mitra in Bengaluru; editing by Uttaresh.V

Our Standards: The Thomson Reuters Trust Principles.