Key Points
The domestic passenger vehicle (PV) market is estimated to grow by six to nine per cent in the current financial year over the preceding fiscal, according to ratings firm ICRA..
The report said that dealer inventories remain high despite strong retail sales, and the pace of growth is expected to taper off in the coming financial year...
ICRA said that during the recently concluded festive season, retail sales grew six per cent year-on-year...
The capital expenditure outlay for the original equivalent manufacturers (OEM) is estimated to remain high over the next few fiscal, the report said..
You might be interested in
Vehicle sales register 21% growth in FY23
07, Apr, 23Led by record sales of two-wheelers, three-wheelers, passenger vehicles and commercial vehicles, overall vehicle sales registered a double-digit growth of 21% in 2022-23, as per the data of Federation of Automobile Dealers Associations (FADA). However, tractor sales grew only by 8%.
Automobile, appliances & consumer goods companies witness high double-digit growth on Dhanteras
10, Nov, 23Automobile manufacturers, consumer goods companies and appliance makers have observed growth in sales during Dhanteras and expect the trend to continue for the next three days. The manufacturers have reported a high double-digit growth during pre-Diwali Dhanteras sales, in comparison with the same period last year.
18% on-year growth in November auto sales; Maruti Suzuki top PV seller, shows FADA data
06, Dec, 23As per FADA, 28.54 lakh vehicles were sold in November, creating a new record, surpassing the record of March 2020, when 25.69 lakh vehicles were sold due to the industry’s transition from BS-4 to BS-6 emission norms.
India's retail sector to more than double to USD 2 trillion in next decade: Report
28, Feb, 24India Business News: India's retail sector is projected to reach USD 2 trillion in 10 years. Organised retailers need to sustain performance. Key considerations include pe
Indian hotel industry to report seven to nine per cent revenue growth in FY25: ICRA
26, Feb, 24Kolkata, Feb 26 (PTI) The Indian hotel industry is expected to register a revenue growth of seven to nine per cent in the next financial year 2024-25, according to a report by credit rating firm ICRA. ICRA said that sustenance of domestic leisure travel, demand for meetings, incentives, conference and exhibitions (MICE) are the factors […]
These three carmakers reported best-ever wholesales in FY23. Check details
01, Apr, 23The country's largest carmaker Maruti Suzuki India reported its highest wholesales to date at 19,66,164 units, up 19 per cent from 16,52,653 units in 2021-22.
NBFCs likely to see assets growth moderating to 16-18% in FY24: Crisil
22, Nov, 23India Business News: NEW DELHI: India's NBFC sector is expected to record a moderate growth of 16-18 per cent in the current fiscal because of relatively slower expansion .
Amazon Prime Day sales fall short, retail industry faces disappointing end-to-year: Report
17, Oct, 23Amazon Prime Day sales outpaced last year, but independent data suggests a more muted sales picture for the broader retail industry.
Auto companies log best-ever November sales on robust festive demand
12, Dec, 23The annual growth rate in wholesale despatches from factories to dealerships moderated to 3.7% compared with 15.9% growth in October, in absolute numbers, it hit a new high for November at 334,130 units, according to Society of Indian Automobile Manufacturers (Siam).
Hiring rises 12 pc in January-May this year: Report
04, Jul, 23The hiring in India grew 12 per cent year-on-year in January-May this year, led by professional services, manufacturing, BFSI, e-commerce and IT/ITES sectors, a report said on Tuesday.