Key Highlights Stocking up trend in anticipation of upcoming festive season demand drives domestic two-wheeler sales volumes during August 2016 Stocking up of inventory by dealers remains a regular phenomenon one to two months prior […]
The growth momentum in commercial vehicle (CV) demand appears to have slowed down over the past couple of months as reflected by only 1.9% growth in June 2016 and a decline of 7.6% in July […]
Nine toll road projects, awarded through public private partnership (PPP) route in the state of Gujarat, will be affected with the implementation of the toll exemption policy for passenger vehicles and state transport buses. The […]
Car transmission can be broadly classified as manual transmission (MT) and automatic transmission (AT). With the Indian market being highly price conscious, it has primarily relied on manual transmission owing to lower cost (both upfront […]
In ICRA’s view, the Supreme Court’s decision to lift the ban on diesel vehicles (with engine size above 2,000 cc) in the Delhi-NCR region is a positive for automobile OEMs, especially with presence in the […]
GST positive for Automobile industry but greater clarity awaited on many aspects The Constitution (One hundred and Twenty-Second Amendment) Bill, 2014 related to the proposed Goods & Services Tax (GST) was recently cleared by the […]
ICRA expects tractor volume growth to remain at moderate levels with a growth of about 6-7% in FY2017. On the long term front, ICRA continues to maintain a volume CAGR of 8-9% for the industry […]
Scooters help industry post low single-digit growth while motorcycles de-grow Highlights: Scooter volumes, despite starting the year with a low growth pace, gained traction from Q2 FY2016 onwards and grew at a healthy pace of […]
Domestic volumes decline by 12.1% (YoY) in Apr-Feb FY2015-16; Exports growth also moderates Domestic tractor market sales continue to remain sluggish with no signs of any recovery in the near term. After declining by 13.0% […]
New model pipeline remains beaming in the PV segment According to ICRA Competition likely to heat up in the Compact UV and Notchback (Mid Sedan) segment Hybrid buses present a sizeable opportunity for CV OEMs […]
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