While companies have not launched too many products in rural areas of late, easy financing has helped push up demand.
Farmers have been protesting seeking repeal of the three contentious farm laws on the borders of New Delhi for the last five months now. The Supreme Court had, on January 11, stayed the implementation of the three laws till further orders and appointed a four-member panel to resolve the impasse.
The first leg of the 35-day festive period, which ended with Dussehra, failed to bring any cheer for auto companies. While makers of passenger vehicles struggled to meet demand due to the persistent shortage of semiconductors, a recovery in demand remained elusive for two-wheeler manufacturers despite offers and schemes. The overall season, which ends two days after Diwali, is unlikely to bring any turnaround in either the supply or the demand scenario, said dealers and officials at auto companies.
The total vehicle registrations in India fell by 29.85 per cent to 1,52,71,519 units in financial year 2020-21, the lowest in the last eight years, the Federation of Automobile Dealers Associations (FADA) said on Monday. Total vehicle registrations were at 2,17,68,502 units in fiscal year 2019-20. All categories of vehicles, except tractors were in red in FY21 with two-wheeler (2W), three-wheeler (3W), commercial vehicles (CV) and passenger vehicles (PV) falling by 31.51 per cent, 64.12 per cent, 49.05 per cent and 13.96 per cent respectively -- the lowest in last eight years and way below the FY13 levels, FADA said in a statement.
'Punjab elections are there and so are UP elections. They must have done some calculations (before announcing the repeal).'
A book revolving around Prime Minister Narendra Modi's work and political and governance model with various chapters written by domain experts, his Cabinet colleagues and leading faces in different walks of life, is set to hit the bookstores next month.
'You win some, you lose some. I suppose I'm winning some right now.'
If the court order is implemented, it will lead to an increase in the insurance outgo for car owners by a minimum Rs 50,000 for car and a minimum of Rs 7,000 for two-wheeler owners.
Indian consumers are likely to get respite from rising prices just before the festival season. Some consumer companies, including automakers, have indicated that they are planning to pause price hikes just before demand picks up in August, while keeping a close eye on volatile raw material prices.
Distribution yields could rise, but risk of Covid, higher interest rates remain.
Hotstar's new show Hostages will start streaming from May 31, and the makers held a special screening the night before.
After four weeks in the house, Simba Nagpal is finally waking up and playing the game, but looks like the young actor is heading in the wrong direction.
The Supreme Court-appointed panel on the new agri laws on Thursday started its consultation process and interacted with 10 farmer organisations from eight states, including Uttar Pradesh.
Take a look at the stars who rocked the red carpet at the Grazia Millennial Awards.
The second season of Illegal is neither gripping nor realistic, rues Namrata Thakker.
Earlier this month, the Central government said in a reply in Parliament it had taken measures to double farmers' income by the end of FY23 and the progress made so far indicated it was "on the right track". However, a close look at the data and at the assumptions made shows that as of now, it appears the country is unlikely to achieve the goal in real terms.
'Salman asked me if I would be open to playing a negative character.' 'I told him I would do even a single scene for him.'
As per the survey, 7 per cent of employers anticipate an increase in payrolls, 3 per cent forecast a decrease and 54 per cent expect no change.
Anubhav Sinha's latest film is hard-hitting, relatable and sadly, very much relevant in today's times.
If the ravishing Yami Gautam injects vivacity and vulnerability in her dilly-dallying Ginny, Vikrant Massey is absolutely smashing as the sweet-natured dunce who endears himself to her, cheers Sukanya Verma.
Perhaps because it was a film meant for the theatres, The Big Bull has romance and songs, notes Moumita Bhattacharya.
Fun pictures from the sets of Ayushmann Khurrana and Vaani Kapoor's new film!
Shamita tells Karan not to play mind games with her.
Hasmukh just doesn't make you laugh and that's its biggest tragedy, complains Moumita Bhattacharjee.
Tamannaah, Raashi wrap up their shoots while Taapsee is on her final schedule.
A key committee member and president of Maharashtra-based Shetkari Sanghatana, Anil Ghanwat said the farm sector reforms are much needed and no political party in the next 50 years will ever attempt them again if these laws are repealed.
The actress makes her streaming debut in Booo: Sabki Phategi.
'Had these three farm laws existed it would have become a huge election issue.'
Durable goods companies and retailers say online sales won't compensate for the fall in offline sales.
Auto experts from CarJasoos will answer all your questions related to buying, selling or maintenance of new or used cars.
The protest was held on the university campus located at Ludhiana-Chandigarh road past midnight.
The government's predicament is a result of its own doing: That of not ensuring adequate buy-in by the stakeholders before passage of the laws, notes Vivek Gumaste.
The screening of Ahan Shetty's Bollywood debut film Tadap saw many Bollywood stars -- and cricket stars -- come forward to applaud the new star kid on the block.
The encouraging news, however, is that India features among the top four countries out of 44 nations that projected a positive hiring trend.
Much of the rural recovery story is based on the premise of agriculture doing well. Even if it clocks a growth of 2.5-3 per cent this year, it is still just around 15 per cent of the overall GDP. The non-farm sector, which constitutes a bigger portion of the overall rural economy, is now hampered by disruptions and lockdowns.
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