According to ICRA estimates, the domestic CV industry volumes are seen to have registered 2-5 per cent yoy growth in FY2024 and the industry’s sharp upcycle is expected to plateau in FY2025, with a marginal decline of 4-7 per cent in volume.
The rating agency expects medium and heavy CV volumes to decline by 4-7 per cent in FY2025, given the high base effect and the impact on the momentum in the Government’s capex in the first few months of the fiscal with the onset of the general elections. According to India Ratings’ FY25 outlook on auto and auto ancillaries, senior analyst Shefali Joshi and Director Shruti Saboo the CV segment is likely to buck the trend of a “continuity in the domestic upcycle in FY25 albeit at a moderate level. Even as domestic demand in FY25 will continue to grow by around 6 per cent to 9 per cent, “except CV, other industry segments volumes are likely to touch pre-COVID levels peaks”, project Joshi and Saboo.
Bu hikaye The Business Guardian dergisinin May 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Business Guardian dergisinin May 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Metro Brands leads the charge in sustainable footwear with recycling program
Tetro Brands Limited, one Lof f India's largest footwear retailers, has launched an innovative initiative to process old, discarded footwear (ODF) in an eco-friendly manner, addressing significant environmental challenges.
Experts dispute claims that weakened central government will delay reforms mon on June 4th alina on 160 in 21
Following the parliamentary election results that revealed a weaker majority for Prime Minister Modi's NDA alliance, the National Stock Exchange (NSE) experienced a significant decline in market capitalization.
Service sector growth cools in May, on competitive and price pressures
India's services sector growth cooled in May, posting the weakest rises in new business and output for five months despite exports growing to greatest extent in series history as price pressures ticked higher, taking the seasonally adjusted HSBC India Services Business Activity Index down from 60.8 in April to 60.2, its lowest mark since last December.
Govt calls on food processing sector to focus on quality, new export markets
The Indian food processing industry is looking to douTindustry is to ble the contribution of the sector from the current 13 per cent of the GDP by 2030 with a projected growth rate of 15 per cent.
CAPA INDIA FORECASTS WIDER LOSSES OF $400-$600 MILLION FOR INDIAN, FY25
Airline costs are set to rise by 3.8% in fiscal 2025, as India's demand outpaces plane supply, leading to record yields and higher fares due to a capacity shortage, increasing the passenger load factor (PLF)
Excise cases: SC refuses to entertain AAP leader Sisodia's bail pleas
The Supreme Court on Tuesday refused to entertain the bail pleas of AAP leader Manish Sisodia in the cases lodged by the CBI and the ED in connection with the alleged Delhi liquor policy scam.
Gave tough fight to BJP; people of country voted against hatred, dictatorship: AAP
AAP on Tuesday said despite adverse circumstances, their candidates gave a tough fight to the BJP in Delhi while asserting that the people have voted against the saffron party's politics of \"hatred and dictatorship\"
AAP-Congress thank voters after drawing a blank in Delhi
After drawing a blank for the consecutive third time, INDIA partner Aam Aadmi Party and Congress have accepted defeat after BJP cleanly Swept winning all Seven seats in the National capital.
BJP SWEEPS DELHI TO SCORE A HAT-TRICK
The Bharatiya Janata Party (BJP) made a hattrick of sweeping all seats in Delhi in the 2024 Lok Sabha election.
RELIANCE ON PM MODI, SIDELINING OF REGIONAL SATRAPS COST BJP DEAR
The Congress and I.N.D.I_A bloc must be rueing over the missed opportunities in the 2024 election particularly in Andbra Pradesh and Odisha where tacit or tactical alliances were not made. In Odisha, Bibar chief minister Nitish Kumar when part of I.N.D.I. Alliance then, had paid a visit to Bhubaneshwar requesting Naveen Patnaik to join the alliance.