The domestic auto component industry is expected to grow by 9-11% during FY2018e driven by robust growth in domestic passenger vehicles (PV) and two-wheelers (2W) segment as well as stable replacement demand. The revenue growth […]
The Indian Tractor industry is expected record a volume growth of 9-10% in the current fiscal according to rating agency ICRA. Expected healthy monsoon precipitation coupled with healthy reservoir levels (apart from the Southern region) […]
The two wheeler segment is on a demand recovery path after encountering bumps in the past five months due to post-demonetisation liquidity crisis; and inventory correction measures undertaken by OEMs for the transition from BS […]
The recently finalised Goods and Services Taxes (GST) for the tractor industry is largely in line with expectations and the overall tax incidence for the industry remains neutral. While tractors are exempt from excise duty, […]
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 […]
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 […]
Entry segment two-wheeler’s near term growth momentum may be impacted by the ban on high denomination notes: ICRA The recent move by the Government of India to ban the legal tender character of the high […]
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