Truck, bus sales show signs of economic recovery
The domestic sales of buses had increased by massive 13.7% in 2015-16 compared to only a 0.17% growth in 2014-15.
Commercial vehicle sales in India, trucks and buses, have grown by 9.2% in the last fiscal, Society of Indian Automobile Manufacturers (SIAM) data showed.
Total production of buses has increased by 11.16% in 2014-15 from 2013-14. Production grew by another 9.2% in the following year.
“Government whenever needed, interact with the Indian Automobile Industry for the promotion of Auto Sector. Department of Heavy Industry is working on the Automotive Mission Plan 2016-26 to help the industry grow and foster in the next ten years of the plan period,” said the Minister of State (MoS) in the Ministry of Heavy Industries and Public Enterprises Babul Supriyo in written reply to a question in the Lok Sabha.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
07:43 PM IST