This growth is anticipated to be driven by double-digit volume increases in two-wheelers (2Ws) and low to mid-single-digit growth in passenger vehicles (PVs) and tractors. This growth will be partially offset by a year-on-year decline in commercial vehicle (CV) volumes.
Mohali (Punjab) [India], October 8: Pritika Auto Industries Limited (BSE: 539359; NSE: PRITIKAUTO), among leading manufacturers of tractor components in India, is pleased to announce that it has finalised a significant order worth Rs 30 crore per annum from country's leading OEM tractor manu
New Delhi [India], October 7: In a major collaborative move, Tata Motors Finance (TMF), one of India's leading automotive financiers, and Bank of India, have joined forces by entering into a strategic co-sourcing agreement aimed at enhancing financing accessibility for commercial vehicle own
This contrasts with the low single-digit growth anticipated for passenger vehicles (PVs) and commercial vehicles (CVs). Top picks identified in the report include Mahindra & Mahindra (MM), Escorts, TVS Motor Company (TVSL), and Uno Minda, all of which have strong exposure to the 2W and t
The company reported total sales of 2,15,034 vehicles, reflecting a 12 per cent decline compared to 2,43,024 units sold during the same period last year. The drop in sales was attributed to underperformance in both the commercial vehicle (CV) and passenger vehicle (PV) segments.
Bajaj Auto has reported a significant rise in the sales of its two-wheelers for September 2024, with domestic sales increasing by 28 per cent year-on-year (YoY).
Mumbai (Maharashtra) [India], September 30: HDFC Life, one of India's leading insurers, has expanded its partnership with Sundaram Finance. Through this collaboration, HDFC Life will offer HDFC Life Group Credit Protect Plus Insurance Plans to customers of Sundaram Finance, across loan segme
New Delhi [India], September 20: BlueVerse India successfully concluded its participation in India Water Week 2024, held from September 17th to 19th at Bharat Mandapam, New Delhi. The event highlighted BlueVerse's commitment to water conservation and sustainability with its automated and eco
China's automotive sector is grappling with a significant revenue decline, with vehicle sales falling for the third straight month in August. Data from the China Association of Automobile Manufacturers (CAAM) shows a 5 per cent year-on-year decrease in new vehicle sales, reaching 2.45 millio
Mahindra & Mahindra's commercial vehicle manufacturing unit, Mahindra Last Mile Mobility Limited (MLMML), has announced the launch of its electric four-wheeler, 'e-ZEO', slated for October 3, 2024.
The growth of the 2W market is primarily driven by strong rural demand coupled with sustained urban sales. The favourable monsoon season has improved rural sentiments, leading to an uptick in sales. Additionally, wholesale volumes are expected to outpace retail sales as dealers build up inve
Mohali (Punjab) [India], August 26: Pritika Engineering Components Ltd (NSE: PRITIKA), manufacturer of customized components for tractors, commercial vehicles, and construction equipments, supplying OEMs directly or through group companies, has reported its Unaudited Financial Performance of