The domestic air passenger traffic in India experienced a 7 per cent year-on-year (YoY) increase in July 2024, reaching 1.30 crore passengers, according to the data by Director General of Civil Aviation. The data pointed out that this growth follows a period of slowed expansion over the previous nine months, primarily due to elevated airfares … Read more
Maruti Suzuki (MSIL) sped past a green milestone, surpassing 2 million car deliveries via Indian railways. This makes them the first Indian automaker to achieve this eco-feat, the company said Monday. Rail usage soared over 600%, with dispatches jumping from 65,700 units (FY 2014-15) to 447,750 units (FY 2023-24). This shift translates to an estimated … Read more
Maruti Suzuki India plans to utilise Indian Railways to transport 35 per cent of the vehicles produced across its factories over the next 7-8 years, according to MD and CEO Hisashi Takeuchi. The share of vehicle dispatches through railways scaled to 21.5 per cent in the 2023-24 fiscal from 5 per cent in 2014-15. The … Read more
Now that Ashwini Vaishnaw will continue as the Railway Minister in the Modi 3.0 government, the focus is expected to once again shift to stocks in this sector, many of which have delivered multibagger returns over the last one year. ETMarkets analysed the performance of railway sector stocks in his previous stint along with the … Read more
India’s first automobile in-plant railway siding project (of Maruti Suzuki) was inaugurated by PM Modi in Gujarat on March 12. The project is at Hansalpur in Gujarat’s Mehsana district. Modi inaugurated it virtually from a function in Ahmedabad. Modi also inaugurated and laid the foundation stone of Rs 85,000 crore railway projects, including the launch … Read more
Sport-utility vehicles (SUVs), currently riding high in the local market, can now hitch a cheaper ride on Indian Railways. Automakers planning to ship these popular vehicles in a cost-friendly way cross country have received a boost from the railways, who unveiled a new, budget-friendly slab for mass SUV transportation. Wagons are also set to be … Read more
