Commercial Vehicle Industry

The commercial vehicles segment, which saw its peak in 2018-19, with industry volumes of over 10 lakh units, went into a downturn in the following two fiscal years, has begun to pick up momentum from the last financial year.

Commercial vehicle industry may perform significantly better this year: Mahindra Group official

From the base effect point of view, if one looks at year-to-date (YTD) data, it is encouraging for the industry, the 3.5 tonnes to 55 tonnes, which has grown over 60 percent.

CV industry can make a big comeback in 2017: Tata Motors

Falling interest rates could prove to be a trigger too. After the initial shock of demonitisation, Tata Motors said that lenders are also coming back with their willingness to lend. However, along with lower interest rates, lower down payment would also help.

Bajaj Auto numbers reflect signs of poor demand

Way2Wealth has come out with its report on auto sector. According to the research firm, Bajaj Auto's motorcycle sales are at its lowest ever levels this FY, which has come as a negative surprise. The sales of new Pulsar 200 NS saw a 29% jump MoM at 7200 units and Discover 125ST saw a significant jump of 74% MoM at 25k units.

Ashok Leyland inks deal with Krishnapatnam Port Company

Hinduja Group flagship company Ashok Leyland has inked a partnership with Krishnapatnam Port Company Ltd to provide 85 U-Trucks for inter-carting operations at the Port.

Don't see any pressure on NIMs ahead: Shriram Transport

Shriram Transport Finance Corporation came out with its results. The revenues were up 19.2% at Rs 1375.6 crore versus Rs 1154.5 crore.