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Automotive dealers are expected to witness an increase in revenue by 8-10% in this financial year on the back of 5-7% rise in sales volume, increase in prices by 2-5% by original equipment manufacturers, and customers’ shift towards premium models, ...
Automobile dealers are expected to register strong revenue growth this fiscal with sales growing 20%-25% year-on-year driven by 12%-14% volume growth, according to CRISIL rating agency.The strong sales numbers will be driven by easing supply-side constraints, shift in product mix ...
The operating margins and revenue growth of auto ancillary companies are expected to remain under pressure due to Omiccron wave, supply chain issues and persistent commodity inflation, according to rating agency ICRA. The report says that operating profit margin of ...
The Union Cabinet announced a Production Linked Incentive (PLI) scheme for the automotive and drone industry on Wednesday.The Indian government with its vision of ‘Aatmanirbhar Bharat’ and giving a boost to manufacturing, the centre has allocated a budget of Rs ...
Benchmark Indian indices closed at record highs boosted by gains in telecom, auto, energy and IT stocks after the Union Cabinet approved Production Linked Incentives (PLI) for auto sector and announced relief measures for telecom sector. The Sensex closed 0.82% ...
Sansera Engineering Limited is set to open for subscription of its initial public offering (IPO) on September 14. The IPO subscription will close on September 16. The company has set the price band between Rs 734 and Rs 744 per ...
The vehicle retail sales across all categories in July 2021 rose 34.12% to 15.56 lakh units, from 11.60 lakh units in the year-ago period, according to data released by Federation of Automobile Dealers Associations (FADA). Commercial vehicle segment grew at the ...