Passenger vehicle (PV) retail sales rose to 184,134 units last month against 85,733 units in May this year as the COVID-19 situation improved across the country. According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,295 out of the 1,498 regional transport offices (RTOs), two-wheeler sales rose to 930,324 units last month as compared to 410,757 units in May.
A majority of the CEOs are expecting the economy to show growth in the next financial year on the back of rising consumer spending and a sharp turnaround in rural India.
'Our movement was not about putting any flag on the Red Fort, but it is to secure our livelihood.'
Net profit at M&M and Mahindra Vehicle Manufacturing Ltd contracted to Rs 918 crore from Rs 1,238 crore a year ago while revenue and other income decreased to Rs 12,997 crore from Rs 13,551 crore a year ago.
Post office savings deposit, recurring deposit accounts and the senior citizen savings scheme account have shown the highest growth in the current financial year.
Balasore district hospital looked like a war zone with the injured lying on stretchers in the corridor and rooms bursting at its seams with extra beds propped up.
'While most companies were bullish before the second wave of double-digit sales growth in FY22, that may not be the case now.'
In a statement, the Guild demanded that such FIRs be withdrawn immediately and the media be allowed to report without fear and with freedom.
The lockdown in Maharashtra will have a catastrophic impact on April sales, as dealers will not be able to realise the potential of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.
Rural slowdown may delay growth in the economy.
Sayani takes a big bite... Keerthy-Nani shoot for Dasara... Anupam Kher sleeps in a bathtub...
There is no sign of it losing popularity with a significant section of the voting population, which appears to be attracted to the party for identity reasons, observes Aakar Patel.
M&M also plans to significantly increase its play in the domestic market where it is already ahead of its rivals Tafe, Escorts, Sonalika Tractors by a wide margin
Rajnath also attacked the Congress for the burning of a tractor by protesters from their youth wing.
M&M will close down GenZe, an e-scooter business in California, because it is unlikely it would stand on its own feet, and is ahead of its time.
India is not producing good jobs, but creating a lot of Rs 10,000-Rs 15,000 low-paid jobs which are not fancied by degree holders. Pai suggested that India adopt the Chinese model of opening up labour-intensive industries and building infrastructure near coasts, besides investing heavily in hitech R&D to meet the aspirations of job-seekers.
Steel, cement, aluminum, fertilisers, tractors, two-wheelers, beverages and carbonated drinks, tyres and FMCG could see demand back to near normal levels by the third or the fourth quarter of the financial year, or even earlier.
Metropolitan Magistrate Prigya Gupta sent Sidhu to the custody after the police alleged he was one of the main instigators of the violent incidents at the Red Fort.
"Five to 10 protesters charged at me. They thrashed me with lathis. I ran with some other personnel and hid near a washroom but they found us and thrashed us again. We were scared as all of us were injured," he said on Wednesday at Tirth Ram Hospital here, where he was taken after he managed to call DCP North Anto Alphonse.
Union Minister Piyush Goyal on Sunday said the government is ready to resume talks with the farmers protesting the new farm laws but asserted that despite repeated proposals, the protesters have not come up with any 'concrete suggestion' so far.
'There is nothing more this government can do now to break our agitation.' 'It has used all the tactics and has failed'
The protests against farm laws saw a fair share of controversies as well with climate activist Greta Thunberg and pop sensation Rihanna making their way to India's prime time debates and terms such as 'toolkit' and 'andolanjeevi' entering the Indian political lexicon.
'On January 22, when the last round of talks took place, the farmer leaders were told by Agriculture Minister Narendra Singh Tomar that the government is also prepared.' 'And they did this.'
Sidhu was arrested on February 9 in connection with the Red Fort violence on January 26 during a farmers' tractor parade against the Centre's three new agriculture laws.
Retail sales of automobiles in India grew 8.31 per cent in August this year on the back of increase in registrations of vehicles across all major segments, automobile dealers' body FADA said on Thursday. As per data released by the Federation of Automobile Dealers Associations (FADA), total vehicle retail sales in the country stood at 15,21,490 units last month as compared to 14,04,704 units in August 2021. Passenger vehicles (PV) retail sales stood at 2,74,448 units as compared to 2,57,672 units in the year-ago month, a growth of 6.51 per cent.
'Why should the government keep these laws on hold for 1.5 years when they are so disastrous for the interests and well-being of farmers?'
Tikait's tears galvanised people, as on Saturday a large number of farmers and other supporters came to the protest site at the Delhi-UP border from not just his home state of Uttar Pradesh but from Punjab, Rajasthan and Uttarakhand as well to show solidarity with the movement.
Farmers protesting the Centre's new agri laws will observe 'Sadbhavna Diwas' on Mahatma Gandhi's death anniversary on January 30 and hold a day-long fast, farm leaders said on Friday, and asserted that their agitation will gain strength as farmers in large numbers will join them in the days ahead.
The political exigencies are, unfortunately, likely to overwhelm the need for undoing the damage to the agricultural credit sector. At stake, therefore, is the much-needed resurgence of the Indian agriculture.
"Nari shakti" and women empowerment dominated the theme of tableaux of Kerala, Karnataka, Tamil Nadu, Maharashtra and Tripura at the Republic Day parade here on Thursday.
India on Wednesday hit out at tweets by global celebrities such as singer Rihanna and climate activist Greta Thunberg in support of the farmers' protests, the focus of a sharply polarised international debate that saw many Bollywood stars and top ministers rally around the government in its pushback.
'Bharat has been leading, but it cannot carry India as the bulk of the sales come from India in terms of volume and profitability.'
With social distancing in customer's mind coupled with the government's push to further normalise business conditions and banks becoming more considerate to finance vehicles, entry level passenger vehicles saw good demand.
'We will celebrate Independence Day as usual, but not this celebration from August 15 to 22 (as sought by the Modi government).'
Passenger Vehicle makers are likely to see their cumulative earnings at an operating level erode by Rs 1,800-2,000 crore in the year ending March 2022 on account of the shortage of semiconductors, rating agency Icra said at a webinar on Wednesday. The industry, it pointed out, is estimated to lose production of 500,000 units at the end of FY22 due to the chronovc shortage the chip, which is critical in safety, entertainment and the various other smart features of a car. "In absence of the chip crisis, the industry volumes are likely to have exceeded the all-time peak annual volumes." Icra has pared its growth estimates for the PV market from the earlier 10-14 per cent to 8-11 per cent now in FY22.
Without naming the Congress, he said the frustration of a party, which ruled for four generations, was at the root of this politics of opposition for opposition's sake.
We don't know if this means that Dhoni is exploring a post-cricket career, but the cricket legend has apparently taken up farming.
The oil crisis could not have come at a worse time for the Modi government as its tax collection has fallen short of its 2020-2021 target by Rs 5.2 lakh crore.
'If our demands aren't met, then, we will hold tractor march on January 6 and also on January 26'
Automobile dealers' body FADA on Thursday said passenger vehicle (PV) retail sales in March witnessed a year-on-year growth of 28.39 per cent to 279,745 units, as compared to the year-ago period which saw disruptions in the market due to COVID-19 led lockdown. According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,277 out of the 1,482 regional transport offices (RTOs), PV sales stood at 217,879 units in March 2020. Two-wheeler sales, however, declined 35.26 per cent to 11,95,445 units last month, as compared to 18,46,613 units in March 2020. Commercial vehicle sales also declined 42.2 per cent to 67,372 units, as against 116,559 units a year ago.
