Weichai Power Co., Ltd.
Weichai Power Co., Ltd. (HKSE: 2338) is trading at HK$27.94, about ₹342 at today's HKD/INR rate, as of 25 Sep 2026, 4:08 AM ET, down 6.68% today. Indian residents can buy Weichai Power from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$27.80
Today's high
HK$29.20
52 week low
HK$13.71
52 week high
HK$45.44
2338 opened at HK$28.70, closed previously at HK$29.94, and has traded between HK$13.71 and HK$45.44 over the past 52 weeks.
About
Weichai Power Co., Ltd. is a global enterprise specializing in the production and distribution of diesel engines, vehicles, and a wide array of automotive components. The company organizes its extensive operations across three key segments: Engines, Automobiles and Automobile Components, and Intelligent Logistics. Its comprehensive business scope covers the full lifecycle — from design and development to manufacturing, sales, repair, and international trade — for a variety of products. These include engines and their auxiliary systems, automobile axles and components, gearboxes, hydraulic pumps, motors, and valves, as well as gears, gear transmission devices, and casting products for hydraulic components. Beyond these, Weichai Power also provides internal combustion engines, energy powertrain systems, and related ancillary items. Complementing its manufacturing, the company extends its services to technical consultation, technical support, property leasing, and business management. It also supplies steel, forklift trucks, and advanced warehousing technology and supply chain solutions. The company's prominent brands include Weichai Power Engine, Fast Gear, Hande Axle, Shacman Heavy Truck, and Linder Hydraulics. Founded in 2002, Weichai Power Co., Ltd. maintains its headquarters in Weifang, People's Republic of China.
Key statistics
Avg. volume
18.61M
Market cap
HK$241.41B
P/E Ratio
16.87
Price-to-sales ratio
0.90
Enterprise value
CN¥240.09B
Free cash flow yield
12.79%
Debt-to-equity ratio
1.03
Return on equity
13.72%
ROIC
5.72%
Beta
1.61
Dividend yield
2.89%
Last dividend
HK$0.82
Financial overview
Revenue
CN¥225.55B
Earnings per share
CN¥1.24
Free cash flow
CN¥22.04B
Net profit margin
5.37%
Gross margin
20.55%
EBITDA
CN¥27.11B
Revenue growth
4.57%
Similar securities
This is not an investment recommendation
How to buy Weichai Power from India
Indian residents can buy Weichai Power 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 Weichai Power and place an order
Find Weichai Power by name or by its ticker, 2338, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Weichai Power trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Weichai Power 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 Weichai Power from India
Trading and taxes when buying Weichai Power 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. Weichai Power’s current yield is 2.89%.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 Weichai Power stock?
Yes. Weichai Power (2338) has been listed on the Hong Kong Stock Exchange since 2004, 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 Weichai Power share cost in rupees?
One Weichai Power share is HK$27.94 — about ₹342 at an HKD/INR rate of 12.23 on 25 Sep 2026. Both the Weichai Power 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 Weichai Power 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 Weichai Power?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Weichai Power 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 Weichai Power price. Paasa issues a capital-gains statement for your return.
Does Weichai Power pay a dividend, and how is it taxed in India?
Yes. Weichai Power pays a dividend and the current yield is 2.89%; the last declared dividend was HK$0.82 per share, about ₹10.07. 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 Weichai Power 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 Weichai Power a Hong Kong SAR China company, and does that change how it is taxed?
Weichai Power trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. Weichai Power 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 Weichai Power 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 Weichai Power holding, its cost and its closing value.
How do I sell Weichai Power 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.