COMMERCIAL SEGMENTS

Commercial vehicle sales volume is expected to decline by 3-6 per cent in the current fiscal year due to a slump in demand, as reported by CareEdge Ratings. The slowdown is attributed to reduced demand in both the medium, heavy commercial, and light...

Commercial Vehicle (CV) sales volumes are projected to decline by 3-6% in FY25, driven by weak demand in MHCV and LCV segments and high dealer inventory levels. However, a rebound is expected in the second half of the fiscal year due to post-electio...

India's general insurance sector saw strong growth with an 8.76% increase in premiums for June and a 13.33% rise for the first quarter, driven by higher demand for motor and health insurance. Companies like ICICI Lombard and Star Health Insurance re...

Redbrick Offices, a coworking and managed space provider, has acquired nearly 90,000 sq ft of commercial properties in the Marol locality of Mumbai's Andheri suburb. The acquisition, totaling over Rs 267 crore, involves office space spread over thre...

The used truck market has seen price hikes, with Shriram Mobility Bulletin reporting a 38% rise in the 1.5 to 2 tonne segment, 22% in 2 to 3.5, and 21% in 3.5 to 7.5 tonne. Ashutosh Pandey cites logistical stress and rising new vehicle prices. Shrir...

Well, I think the focus will be on affordable housing in my opinion and there will some scheme or the other that will come up for the affordable housing segment.

Motilal Oswal predicts subdued growth for the Indian auto sector in June, with declining retails across most segments due to factors like post-election consumer sentiment and heatwave impact. However, they remain optimistic about select OEMs like Ma...

Veedol has a strong presence across all automotive segments, including 2-wheelers, passenger cars, agri and commercial vehicles (both heavy and small). There are products across various performance specifications and price points. Traditionally stro...

Wholesale volumes across various segments of the automobile industry in June 2024 are expected to show a subdued trend. This is primarily due to the absence of wedding dates, as stated in an Anand Rathi report. Analysts predict a mixed performance i...

Scheduled Commercial Banks (SCBs) in India saw a significant 19.3% year-on-year credit growth in the last quarter of FY24, translating to an expansion of ₹26.6 lakh crore, reaching ₹164.3 lakh crore in total credit. This surge was driven by personal...

In the two-wheeler segment, India witnessed 10 per cent increase in volume and 13 per cent in value. The three-wheeler segment grew by 16 per cent in volume and 24 per cent in value and the commercial vehicle segment rose by 3 per cent in volume and...

Tata Motors announced through an exchange filing on Wednesday that it will implement a price hike of up to 2% on its commercial vehicles starting July 1, 2024. This adjustment is a response to rising commodity prices, intended to counter their impac...

In May, auto retail sales dropped by 5.28% from the previous month, influenced by the heatwave and the recent Lok Sabha elections, according to FADA. However, annual figures showed a 2.6% increase. Two-wheelers and commercial vehicles saw year-on-ye...

3M INDIA-RESULTS/'Post-it' maker 3M India posts Q4 profit rise; shares surge

Earlier today, Ashok Leyland announced a 16.73 percent rise in consolidated net profit, reaching Rs 933.69 crore in the January-March 2024 quarter, compared to Rs 799.87 crore recorded in the corresponding period of the previous fiscal year.

Cera Sanitaryware emphasises innovation, introducing 218 new products in 2023-24, which accounted for 30-35% of its total sales.

Laptop and desktop sales in India have grown by 2.6% in Q1 2024, driven by large government procurements and improved consumer sales, according to a report by International Data Corporation. The PC market recorded 3.07 million shipments in January-M...

According to International Data Corporation’s (IDC) quarterly device tracker, the PC (personal computer) market in India recorded 3.07 million shipments in the January-March period, up from 2.99 million recorded in the corresponding period last year.

Daimler India Commercial Vehicles announced plans to introduce the all-electric eCanter light duty truck in India within 6-12 months as part of a strategy to decarbonize its product portfolio. Despite coexisting with traditional diesel ICE technolog...