Stainless steel demand likely to grow 9% in next three fiscals: Crisil
Sector’s capital expenditure is set to rise, but credit profile of domestic stainless steel manufacturers are expected to remain healthy in FY24, says Crisil
automobile
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Domestic auto demand to offset weak exports: Report
The ratings agency expects the domestic sales volumes to grow 7%-10% year-on-year in FY24, after rising 19%-21% in FY23.
PV sales rise 11% to over 2.9 lakh units in Feb: SIAM
Between April 2022 and February 2023, passenger vehicle sales stood at 34,61,716 units, whereas the production stood at 40,76,780 units.
Mercedes Benz India to hike car prices by 5% from Apr 1
This is the second time in three months that the company has announced an increase in car prices.
Motown’s Moment of Aatmanirbharta
A smooth transition to green mobility takes centrestage in the Budget as India prepares to take on the mantle of the world’s manufacturer in the new global order.
Maruti plans 6 EVs by 2030; eyes 15% volumes
While Suzuki has earmarked ¥2 trillion for electrification-related investments, it has plans on using biogas for its CNG models that account for about 70% of the CNG car market in India
Only 17% of total cars fitted with 6 airbags: Govt
The development comes months after Nitin Gadkari, minister of road and transport, announced the installation of six airbags in all passenger vehicles beginning October 1, 2023.
Retail passenger vehicle sales up 26% in Nov; second-highest on festive boost
In November, Maruti Suzuki grabbed the largest market share of 41.01% in the passenger vehicle segment and sold 1,23,409 units.
Mahindra & Mahindra hits 52-week high on robust monthly sales
The domestic passenger vehicle sales of the automobile major stood at 32,298 units in October for FY23, as against 20,130 units in the same period last year.
Bajaj’s Electric Touch
As two-wheeler and three-wheeler industries witness a rapid shift towards EVs, Rajiv Bajaj is building new tech products around the heritage Bajaj brand.
