Nexteer Automotive Group Limited
Nexteer Automotive Group Limited (HKSE: 1316) is trading at HK$4.60, about ₹56 at today's HKD/INR rate, as of 25 Sep 2026, 4:08 AM ET, down 2.02% today. Indian residents can buy Nexteer Automotive from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$4.50
Today's high
HK$4.60
52 week low
HK$3.65
52 week high
HK$8.90
1316 opened at HK$4.52, closed previously at HK$4.70, and has traded between HK$3.65 and HK$8.90 over the past 52 weeks.
About
Nexteer Automotive Group Limited, a motion control technology company, develops, manufactures, and supplies steering and driveline systems to original equipment manufacturer worldwide. It offers electric power steering (EPS) products, which include column assist electric power steering products, intermediate shafts, EPS racks and pinion gears, single and dual pinion assist products, rack-assisted EPS products, modular power packs, steer-by-wires, EPS remanufacturing products, and automated steering actuators, as well as availability, output, and modular EPS products. The company also provides steering column technologies, such as power tilt, power and manual rake and telescope, one-touch adjustable, non-adjustable, stowable steering column, intermediate shaft, and transmission shifter products, as well as safety and crashworthiness, electronic, module, and sub-assembly products; and driveline products comprising half shaft technologies and solutions. In addition, it offers hydraulic power steering products, which comprise magnetic torque overlay, smart flow, power steering pump and reservoir, rack and pinion, and recirculation ball steering gear products, as well as aftermarket solutions; and software products for steering, road surface detection, vehicle health management, brake-to-steer, and safety and cybersecurity. Further, the company provides megatrend alignment solutions, which include electrification, software and connectivity, shared mobility, and advanced driver assistance system and automated driving products. The company was founded in 1906 and is headquartered in Auburn Hills, Michigan.
Key statistics
Avg. volume
11.32M
Market cap
HK$11.55B
P/E Ratio
11.80
Price-to-sales ratio
0.32
Enterprise value
$956.44M
Free cash flow yield
24.58%
Debt-to-equity ratio
0.04
Return on equity
5.82%
ROIC
4.85%
Beta
1.78
Dividend yield
3.10%
Last dividend
HK$0.14
Financial overview
Revenue
$4.58B
Earnings per share
$0.04
Free cash flow
$267.18M
Net profit margin
2.66%
Gross margin
11.52%
EBITDA
$349.63M
Revenue growth
7.21%
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This is not an investment recommendation
How to buy Nexteer Automotive from India
Indian residents can buy Nexteer Automotive shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for Nexteer Automotive and place an order
Find Nexteer Automotive by name or by its ticker, 1316, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Nexteer Automotive trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Nexteer Automotive position in HKD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Nexteer Automotive from India
Trading and taxes when buying Nexteer Automotive from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Nexteer Automotive’s current yield is 3.10%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Nexteer Automotive stock?
Yes. Nexteer Automotive (1316) has been listed on the Hong Kong Stock Exchange since 2013, in the Auto - Parts industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Nexteer Automotive share cost in rupees?
One Nexteer Automotive share is HK$4.60 — about ₹56 at an HKD/INR rate of 12.23 on 25 Sep 2026. Both the Nexteer Automotive price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Nexteer Automotive from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Nexteer Automotive?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Nexteer Automotive shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Nexteer Automotive price. Paasa issues a capital-gains statement for your return.
Does Nexteer Automotive pay a dividend, and how is it taxed in India?
Yes. Nexteer Automotive pays a dividend and the current yield is 3.10%; the last declared dividend was HK$0.14 per share, about ₹1.75. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Nexteer Automotive from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is Nexteer Automotive a Hong Kong SAR China company, and does that change how it is taxed?
Nexteer Automotive trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in United States. Nexteer Automotive trades as an ordinary share listed directly in Hong Kong, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Nexteer Automotive shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Nexteer Automotive holding, its cost and its closing value.
How do I sell Nexteer Automotive and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.