Prices of small cars likely to increase marginally post GST The GST Council in its 14th meeting held yesterday finalized the GST across all categories of goods including automobiles. In line with expectations, the base GST […]
The domestic passenger vehicle (PV) segment registered a healthy sales growth rate of 9.20% as volumes crossed 3 million mark for the first time during 2017. According to rating agency, ICRA note, sales recovered handsomely […]
Exports appears to be the most pragmatic solution for CV OEMs Given the sizeable level of un-sold inventory levels (almost 30-40% of India’s CV Exports – ~110,000 units), clearing up the inventory could take up […]
Domestic CV industry growth has moderated from 11.5% in FY 2016 to 3.5% in 11m FY 2017 M&HCV (Truck): Likely to witness 6-8% growth in FY 2018 vis-à-vis flat sales in FY 2017 […]
Driven by strong growth across product segments, overall export volumes grew by ~29% during 9MFY2017. TBR imports: Chinese tyres get an ADD/CVD reprieve from United States International Trade Commission; tyre imports to India likely to […]
Demonetisation and the resulting liquidity crisis resulted in volume compression of 11.3% during Nov’16-Jan’17 over the corresponding previous. Furthermore, with BS-IV emission norms coming into effect from Apr’17, there have been some inventory correction taking […]
After a healthy growth in the first quarter, the commercial vehicle (CV) industry suffered due to weak replacement demand and deferment of purchase by fleet operators on uncertainty related to impact of GST on vehicle […]
Dip in MSME, tractor and micro loan pool collections in November 2016, collections in other asset classes relatively stable Micro Loan, MSME loan and Tractor loan pools witnessed a sharp decline in collections Median monthly […]
ICRA has revised upward its growth outlook for FY2017e from 8.5%-9.5% earlier to 10%-12% range for FY2017e, in the backdrop of better than expected ramp-up in demand momentum. ICRA expects domestic PV sales growth to […]
Key points from the report Farm mechanization levels remain low; Custom Hiring remains the most viable solution Increase in farm mechanization levels the need of the hour to help keep pace with ever growing demand […]
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