As the second wave of the Covid-19 pandemic abates, India's automakers are hopeful of a quick recovery in sales volumes, led by better rural sentiment, low interest rates, improved availability of finance and a gradual uptick in business and economic activity. In fact, companies have started to ramp up production already, encouraged by high order books and the growing preference for private transport in both rural and urban areas as a means to avoid infections. In early April, the industry had been bullish as the sales trend for March showed that the effects of the Covid-19 pandemic had been left behind. The total vehicle sales had grown by 77 per cent, albeit on a lower base, and for the past few months, sales had consistently touched 300,000 units per month.
After the hit of the pandemic, India Inc is now worried about the adverse impact of inflation and higher commodity prices on their revenues and margins. The inflation scare is the strongest among manufacturers of consumer goods such as automobiles, consumer durables, and fast-moving capital goods (FMCG). Companies across sectors fear they will not be able to pass on the hike in input costs to their consumers due to weak demand, which, in turn, would lead to a hit on margins and profitability in the forthcoming quarters.
From wearing a sailor cap to going classy, Nick goes all out to make his bachelor weekend a memorable one.
The Congress activists termed the hike in fines under the amended act an "unrealistic move" that came without any preparation.
TVS Motor Company, the only company in India to manufacture mopeds, said domestic sales dropped by 25.58% in April-Oct and exports fell by nearly 40%.
As India all set to welcome Ganapati Bappa, we bring you snapshots of the many forms of the elephant-headed deity.
Data issued by Siam shows sale of PVs (cars, vans and utility vehicles) grew 14.3 per cent to 275,417 vehicles.
When the novel coronavirus outbreak hit China in late December and January, the government sprang into crisis mode. Hard-hit cities like Wuhan, where the outbreak began, went into complete lockdown. Millions worked from home or self-quarantined for weeks on end. New hospitals were built in a matter of days to treat the sheer number of patients. People who broke quarantine rules or lied about their travel history were detained. Soon, the virus spread over the globe, with many countries banning movement of citizens to some ordering sanitisation of public spaces. Take a look.
Questions, compliments and curiosity -- three keywords in the story that defines the Honda Navi
While India is catching China in motorbike sales, it lags far behind in cars, which use more petrol per journey.
Though startups find 17 mentions in the Budget speech of the finance minister, and have been promised tax exemptions, the reality is that only 2 per cent of the 4,648 applications received from startups for income tax exemption had been approved as of February 2019, according to an answer to a Parliament question. As India's startup space bubbles with activity - new, young players are tapping into opportunities opening up - there are local anti-portfolio stories circulating about investors missing opportunities in 'unicorns', or companies that have reached valuation of $ 1 billion, says Vandana Gombar.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Mahindra 2 Wheelers may be a young entrant to the gearless scooter segment, but they are slowly establishing their credentials as a serious player with a long term view of things.
Sonam Malik,19, is the youngest Indian woman wrestler to qualify for the Olympic Games.
NCW Chairperson Rekha Sharma said, in a tweet, that the NCW won't "leave any stone unturned" till these perpetrators get the punishment they deserve.
