Positive Trend In Passenger Vehicle Industry To Continue: CRISIL Research
Earlier estimates by CRISIL Research projected a 13-15% growth in FY22 in overall annual domestic sales of passenger vehicles, boosted by an estimated 11-13% growth in passenger cars
Ashok Leyland Plans INR 750 Crore CAPEX Despite 12% Drop In FY21 Revenue
Utilisation of CAPEX depends upon the level of investment the company wants to carry out; it will broadly be used to debottleneck capacity.
Passenger Vehicle Trends in YTD CY21
Passenger vehicle sales in the first five months of CY21 project some interesting insights. We analyse trends in the passenger car and utility vehicle domains.
MayDay For Two-wheeler Segment As Virus Rides Into Rural India
As per data released by five major two-wheeler OEMs, the domestic volumes were around 65% lower vis-a-vis April 2021. Among the top five two-wheeler manufacturers, Hero MotoCorp could only make up to one lakh mark of wholesale dispatches falling by 51% to 183,044 units.
COVID-19 Second Wave Hits Brake On PV Sales in May 2021
The second wave of the pandemic, and the resultant lockdown in almost 80% of the car market in India, resulted in a fall of 64% to 103,171 units in May 2021 as compared to 286,581 units in April 2021.