Passenger vehicle retail sales in India witnessed a 10 per cent on-year jump in July driven by new model launches and enhanced discounts, industry body FADA said on Monday. Total passenger vehicle retail sales rose to 3,20,129 units in July, as compared to 2,90,564 units in July 2023. "Dealers reported benefits from good product availability, attractive schemes, and a wider range of products," the Federation of Automobile Dealers Associations (FADA) vice president C S Vigneshwar said in a statement.
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An effective resume is as much about the company you are trying to impress as it is about you, points out S J Raj, senior vice president, HR Operations, Newgen Software.
Jasprit Bumrah, Rishabh Pant, Shubman Gill, K L Rahul, Suryakumar Yadav, Hardik Pandya: Who will succeed Rohit Sharma after he retires?
'In April, we saw a 10 per cent growth in our own volumes.'
Automobile (auto) retail sales in India grew by an impressive 14 per cent in July compared to the same period last year, driven by a surge in the rural economy, good product availability, and product launches. While passenger vehicles (PVs) saw a 10 per cent increase during this period, inventory levels have surged to a historic high of 67-72 days in PVs, equating to Rs 73,000 crore worth of stock, according to the Federation of Automobile Dealers Associations (Fada). This poses a risk to dealer sustainability. Inventory levels in July 2023 were only 50-55 days, equating to a stock worth Rs 49,833 crore. In June 2024, inventory was between 62 and 67 days, with a stock value of Rs 60,000 crore.
Create a balanced schedule that allocates time for both studies and skill development, suggests rediffGURU Aasif Ahmed Khan.
The margins of tyre manufacturers could come under pressure given the rise in rubber prices and the moderating demand for tyres. In the past three quarters, the revenue growth for listed tyre companies has moderated from low to mid-single-digit on account of factors such as lower demand in replacement segments, weak export markets and the decline in the average selling prices to car makers (OEMs). Demand trends could remain muted in the near term, given the weak passenger vehicle replacement demand, assuming a typical replacement cycle of 3-5 years, and demand moderation in the OEM segment.
Nathan Lyon has already started his homework on rising batting sensation Yashasvi Jaiswal
The automobile sector is considered a good indicator of economic health. It has a very long value chain, from primary materials, like metals, glass and plastic, to value-added high-end electronic components, specialised alloys, and software.
Investing the time and resources needed to acquire new skill sets and sharpen existing ones will enable you to stay relevant and make you more employable, says Ankit Aggarwal, founder and CEO of Unstop.
The sources said Bose briefed Shah about the prevailing situation and his assessment of the polls marred by violence that claimed 15 lives.
The governor also named Justice Mukherjee as the new vice chancellor of Rabindra Bharati University, he added.
Chanting 'Justice for RG Kar' and 'Justice for our sister', hundreds of IT professionals took to the streets of Sector V in Salt Lake, the city's IT Hub, protesting against the rape and murder of a post-graduate trainee doctor at RG Kar Hospital.
The CPI-M leader was the chief minister of the state from 2000 to 2011.
After West Bengal Governor C V Ananda Bose refused to concede to their request that their swearing-in be held in the assembly, two newly elected Trinamool Congress legislators held a protest on Wednesday on the assembly premises.
Bose is likely to meet Shah on Monday morning, he said, adding that the governor has prepared a report on his views after visiting violence-hit areas in the backdrop of the rural polls.
Domestic commercial vehicle sales volume is expected to grow 9-11 per cent in FY24 driven by medium and heavy commercial vehicles and an estimated economic growth of around 6 per cent, rating agency CRISIL said on Monday. Besides, an increased allocation to infrastructure spending in the Union Budget for next fiscal year will support demand, it said. This would be the third consecutive year of growth in the domestic CV industry, according to CRISIL.
S&P Global Ratings has upgraded its long-term ratings on Tata Motors to speculative grade 'BB' with stable outlook on earnings improvements and potential deleveraging. The ratings agency had earlier placed Tata Motors in 'BB-'. As per S&P ratings, a BB grade is less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions.
The top court had on October 6 said there is a need for reconciliation between the governor and the chief minister "in the interest of educational institutions and the future careers of lakhs of students".
The mishap occurred around 12.30 pm on Saturday in the chemical mixing room of the firecracker-making unit in the village.
Employers are now increasingly looking for candidates with a wide range of nuanced skills that will be crucial to have an edge in a competitive market, says Shekhar Bhattacharjee.
Under its Turnaround 2.0 programme, Tata Motors will work to improve its sales capabilities -- "as the product itself is not enough" -- use experiential marketing to excite the market and cut costs to make its offerings more competitive.
The 69-year-old leader had a fall inside her Kalighat home in south Kolkata after she returned after attending a programme, her family said.
Employers seek individuals who can prioritise tasks, solve problems, and work within deadlines, notes Ankit Aggarwal, founder and CEO, Unstop.
Clashes were reported in Rishra on Sunday evening during a Ram Navami procession in which BJP national vice president Dilip Ghosh and party's Pursurah MLA Biman Ghosh were present. The MLA was injured and hospitalised.
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Automobile manufacturers are likely to report strong numbers for the September quarter of Financial Year 2023-24 (Q2 FY24), riding on growth across segments and offset by a marginal drop in overall two-wheeler (2W) volumes. Higher average selling price (ASP) year-on-year (YoY), which was necessitated by price hikes taken by original equipment manufacturers (OEMs), and an improved product mix will also aid revenues and margins. Moreover, commodity prices are down on a YoY basis, leading to higher margins in earnings before interest, taxes, depreciation and amortisation (Ebitda).
Instead of applying for jobs based on salary, you need to focus on what you are good at and what your core skills are, suggests Harsh Bharwani, CEO and MD, Jetking Infotrain.
Bose, who completed a year as the governor on Tuesday, said his priority is the well-being of the people of the state.
'Wherever the government has provided incentives for the purchase of two-wheelers, three-wheelers, cars, buses, and trucks, it gets a push for most of these alternate fuels. '
'Rahul Gandhi should have prevented Nitish Kumar from going.' 'He must pacify Mamata Banerjee if he has a cause of Mohabbat Ki Dukaan.' 'He should bring this Mohabbat Ki Dukaan on the political canvas.'
The home ministry also asked the state government to send details of the action taken following the attacks on the central probe agency teams, the sources said.
As severe cyclonic storm 'Remal' initiated its landfall process between the coasts of Bangladesh and adjoining West Bengal on Sunday evening, authorities took swift action, evacuating over 1 lakh people from vulnerable areas of the state to safety.
The case was registered following a complaint by the woman's son, who alleged that his mother was sexually abused by Revanna's son Prajwal.
Auto mobile retail sales in India witnessed a 10 per cent annual growth in July driven by robust sales across passenger vehicles, two-wheelers and commercial vehicles, industry body FADA said on Monday. Total retail sales across segments rose to 17,70,181 units last month, as compared to 16,09,217 units in July 2022. Passenger vehicle sales saw an increase of 4 per cent to 284,064 units last month, as compared to 273,055 units in the year-ago period, the Federation of Automobile Dealers Associations (FADA) said in a statement.
The Calcutta high court on Tuesday set aside the promulgation of prohibitory orders under Section 144 of CrPC at Sandeshkhali, which has been witnessing protests over the last one week.
The S&P BSE Auto Index has been one of the biggest outperformers among sectoral indices over the past year with returns of 26 per cent. By comparison, the benchmarks - the National Stock Exchange Nifty50 and the S&P BSE Sensex - managed about 6-8 per cent during this period. Improving demand, falling raw material costs, and rising product realisations, led by the premiumisation of portfolios, have led to a revision of growth estimates and upgrades by domestic brokerages.
Mumbai Indians felt Hardik Pandya was one for the future in place of Rohit, who at 36, is nearing the end of his career.
