Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>Stellantis N.V. has reported results for the full year 2025, signaling a period of reset and adjustment aimed primarily at placing customer preferences at the forefront of its operations.</li>
<li>The year showcased challenges alongside initial steps toward recovery, particularly noticeable in the second half.</li>
<li>This period reflected a return to top-line growth, a notable positive for the company, and early indicators of momentum carrying into early 2026.</li>
</ul>


Stellantis N.V. has reported results for the full year 2025, signaling a period of reset and adjustment aimed primarily at placing customer preferences at the forefront of its operations.
The year showcased challenges alongside initial steps toward recovery, particularly noticeable in the second half.
This period reflected a return to top-line growth, a notable positive for the company, and early indicators of momentum carrying into early 2026.


Stellantis: The HEMI V-8 Revival—A High-Margin Production Surge Taking Shape In North America!

<ul>
<li>Stellantis has entered one of the most turbulent phases in its short corporate history.</li>
<li>After generating roughly $25 billion in annual operating profit in both 2022 and 2023, the automaker now finds itself near breakeven in 2025, grappling with collapsing U.S. EV demand, multi-billion-euro write-downs, canceled battery investments, a suspended dividend, and a €5 billion convertible debt raise to stabilize liquidity.</li>
<li>The expiration of the $7,500 federal EV tax credit in September, combined with regulatory rollbacks on fuel-efficiency mandates, accelerated a sharp demand reset that left Detroit automakers absorbing more than $50 billion in combined impairments.</li>
</ul>


Stellantis has entered one of the most turbulent phases in its short corporate history.
After generating roughly $25 billion in annual operating profit in both 2022 and 2023, the automaker now finds itself near breakeven in 2025, grappling with collapsing U.S. EV demand, multi-billion-euro write-downs, canceled battery investments, a suspended dividend, and a €5 billion convertible debt raise to stabilize liquidity.
The expiration of the $7,500 federal EV tax credit in September, combined with regulatory rollbacks on fuel-efficiency mandates, accelerated a sharp demand reset that left Detroit automakers absorbing more than $50 billion in combined impairments.


Stellantis Stock Crash: EV Collapse Or 100% Comeback Setup?

<ul>
<li>Stellantis has announced the most significant investment in its corporate history—a $13 billion commitment to its U.S. operations aimed at expanding domestic vehicle production by 50% and launching five new models over a four-year span.</li>
<li>This bold initiative, unveiled by newly appointed CEO Antonio Filosa, marks a pivotal moment for the automaker as it seeks to counter steep U.S. and European sales declines and reverse its sliding market share.</li>
<li>Stellantis sold 1.3 million vehicles in the U.S. in 2024, with nearly 600,000 of them imported.</li>
</ul>


Stellantis has announced the most significant investment in its corporate history—a $13 billion commitment to its U.S. operations aimed at expanding domestic vehicle production by 50% and launching five new models over a four-year span.
This bold initiative, unveiled by newly appointed CEO Antonio Filosa, marks a pivotal moment for the automaker as it seeks to counter steep U.S. and European sales declines and reverse its sliding market share.
Stellantis sold 1.3 million vehicles in the U.S. in 2024, with nearly 600,000 of them imported.


Stellantis’ $13 Billion Gamble: Can It Stop The Freefall In U.S. Sales?

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>VAHAN data till May 2026 shows a sharp decline from the January peak across the 2W segment, with May volumes weak for most OEMs.</li>
<li>The trend shows clear divergence: TVS and Bajaj are holding share, Royal Enfield is losing rank, Ola Electric is recovering, and luxury 2Ws are weakening.</li>
<li>EV 2W penetration is only 2.89%, but 45.5% growth from January to April shows faster base-building. The 3xAther-Ola gap is the key EV signal.</li>
</ul>


VAHAN data till May 2026 shows a sharp decline from the January peak across the 2W segment, with May volumes weak for most OEMs.
The trend shows clear divergence: TVS and Bajaj are holding share, Royal Enfield is losing rank, Ola Electric is recovering, and luxury 2Ws are weakening.
EV 2W penetration is only 2.89%, but 45.5% growth from January to April shows faster base-building. The 3xAther-Ola gap is the key EV signal.


Auto Tracker: VAHAN Dashboard Points to a Softer Cycle in India

Rubber News Specialist, Helixtap

Vinod Nedumudy

Rubber News Specialist

Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

Commodities

<ul><li>Linglong Tire’s new plants in Brazil, Kenya and Anhui in China  </li><li>Yongsheng Rubber to take advantage of Morocco’s FTA with West  </li><li>CNTR’s car tire facility to come up at Alexandria in Egypt  </li></ul>

Linglong Tire’s new plants in Brazil, Kenya and Anhui in China  Yongsheng Rubber to take advantage of Morocco’s FTA with West  CNTR’s car tire facility to come up at Alexandria in Egypt  

Chinese Tire Giants Accelerate Global Expansion Amid Trade Barriers

Netherlands

Stellantis is a multinational automotive manufacturing corporation that designs, engineers, manufactures, distributes, and sells vehicles and components. Formed in 2021 through the merger of Fiat Chrysler Automobiles and PSA Group, the company offers a portfolio of 14 iconic vehicle brands including Jeep, Peugeot, Citroën, Fiat, and Dodge. Stellantis is headquartered in Hoofddorp, Netherlands, and was founded on January 17, 2021.

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Stellantis (STLAM IM)

Stellantis: The HEMI V-8 Revival—A High-Margin Production Surge Taking Shape In North America!

Stellantis N.V. has reported results for the full year 2025, signaling a period of reset and adjustment aimed primarily at placing customer...

Baptista Research

Stellantis Stock Crash: EV Collapse Or 100% Comeback Setup?

After generating roughly $25 billion in annual operating profit in both 2022 and 2023, the automaker now finds itself near breakeven in 2025,...

Baptista Research

Stellantis’ $13 Billion Gamble: Can It Stop The Freefall In U.S. Sales?

Stellantis has announced the most significant investment in its corporate history—a $13 billion commitment to its U.S. operations aimed at...

Baptista Research

Auto Tracker: VAHAN Dashboard Points to a Softer Cycle in India

VAHAN data reveals declining 2W segment volumes in May 2026, with TVS and Bajaj holding share while Royal Enfield loses rank. EV 2W penetration at...

Sudarshan Bhandari

Chinese Tire Giants Accelerate Global Expansion Amid Trade Barriers

Leading Chinese tire manufacturers are accelerating efforts to localize production across emerging markets while consolidating domestic operations...

Helixtap

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Stellantis: The HEMI V-8 Revival—A High-Margin Production Surge Taking Shape In North America!

Stellantis N.V. has reported results for the full year 2025, signaling a period of reset and adjustment aimed primarily at placing customer...

Baptista Research

Stellantis Stock Crash: EV Collapse Or 100% Comeback Setup?

After generating roughly $25 billion in annual operating profit in both 2022 and 2023, the automaker now finds itself near breakeven in 2025,...

Baptista Research

Stellantis’ $13 Billion Gamble: Can It Stop The Freefall In U.S. Sales?

Stellantis has announced the most significant investment in its corporate history—a $13 billion commitment to its U.S. operations aimed at...

Baptista Research

Auto Tracker: VAHAN Dashboard Points to a Softer Cycle in India

​VAHAN data reveals declining 2W segment volumes in May 2026, with TVS and Bajaj holding share while Royal Enfield loses rank. EV 2W penetration at...

Sudarshan Bhandari

Chinese Tire Giants Accelerate Global Expansion Amid Trade Barriers

Leading Chinese tire manufacturers are accelerating efforts to localize production across emerging markets while consolidating domestic operations...

Helixtap

VAHAN data reveals declining 2W segment volumes in May 2026, with TVS and Bajaj holding share while Royal Enfield loses rank. EV 2W penetration at...