Mumbai: Commercial vehicle maker Ashok Leyland on Tuesday reported a 10 per cent year-on-year drop in its sales including exports at 17,233 units in September. The company’s total vehicle sales in September 2023 stood at 19,202 units, according to a statement. Sales of medium and heavy commercial vehicles (M&HCVs), including exports, during the previous month … Read more
New Delhi: India’s merchandise exports growth may slow 4.2% on-year at $111.7 billion in the second quarter of FY25, down from 5.8% in the June quarter, the Export-Import Bank of India (Exim Bank) said Monday. Merchandise exports were $109.9 billion in April-June. “Positive growth in India’s exports could be as a result of India’s continued … Read more
The turnover of the automotive component industry rose by 9.8 per cent year-on-year to Rs 6.14 lakh crore for the fiscal ended March 31, 2024, industry body ACMA said on Thursday. The industry had reported a turnover of Rs 5.59 lakh crore in the 2022-23 financial year. Component supply to OEMs (original equipment manufacturers) in … Read more
Motorcycle maker Royal Enfield on Tuesday said it has reported a 5 per cent decline in total sales at 73,141 units in June as against 77,109 units sold in the same month a year ago. Dometic sales were at 66,117 units last month as against 67,495 units in the year-ago period, down 2 per cent, … Read more
The total tyre exports from India during 2023-24 stood at Rs 23,073 crore, matching previous year’s figure on the back of a sharp recovery in the second half of the fiscal, the Automotive Tyre Manufacturers’ Association (ATMA) said on Tuesday. In the first half of the year, tyre exports were severely impacted by falling demand … Read more
The two-wheeler sales in India experienced a marginal decline in May as compared to the same period in the previous year. The major two-wheeler manufacturers of the country reported a decrease in sales numbers, reflecting a broader trend in the industry.Market leader Hero MotoCorp, sold 498,123 units in May 2024, marking a decrease from the … Read more
Maruti Suzuki India on Saturday reported 2 per cent year-on-year dip in total wholesales at 1,74,551 units in May 2024. The company had dispatched a total of 1,78,083 units to its dealers in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle sales rose marginally to 1,44,002 … Read more
Mahindra & Mahindra on Saturday said its total wholesales increased 17 per cent year-on-year to 71,682 units in May. The company’s total dispatches to its dealers stood at 61,415 units in May 2023. The Mumbai-based auto major’s passenger vehicle sales in the domestic market rose 31 per cent to 43,218 units last month against 32,886 … Read more
New Delhi: India and Vietnam are gaining the most from the China plus one strategy, which is also expected to unlock new growth opportunities for Asian economies, according to Nomura. India’s exports will likely surge to $835 billion by 2030 from $431 billion in 2023 with its large domestic market helping attract firms looking for … Read more
The country’s largest carmaker Maruti Suzuki Tuesday said it is looking to strengthen its service network in line with an increase in sales over the next few years. The company, which Tuesday announced the opening of its 5,000th service touchpoint in the country, is looking at doubling capacity to 4 million units per annum by … Read more
