Wed, Dec 02, 2020
Tractor sales surged 49.6% yoy, driven by higher farm incomes, a robust Kharif crop, good monsoons and benefits of a low base of the previous year. In the two-wheeler space, OEM sales grew by 12.6% yoy growth at 17.6 lakh units, aided by 14.4% growth in Hero MotoCorp’s sales and a 24.9% growth in TVS Motors sales. Hero MotoCorp’s management expects the demand to strengthen further due to growth in personal mobility post COVID-19 restrictions. However, Bajaj Auto witnessed demand slowdown in entry-level bikes.
More >
Tue, Jan 03, 2017
The other private banks also reduced its marginal cost of funds based lending rate (MCLR).
Fri, Sep 02, 2016
Sales growth in auto companies gave a growth impetus to auto sector that was trading up 0.68% on BSE in early trade on Friday. Auto companies registered sales growth for August as compared to the same period of last year.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
