The carmaker's outlook, which comes after preliminary 2022 results published last month, also foresees a strong recovery of vehicle deliveries to 9.5 million, an increase of more than 14% year-on-year.
The company, a joint venture of the Volvo Group and Eicher Motors, had sold 5,856 units in February 2022, VE Commercial Vehicles (VECV) said in a statement.
Sales of iron ore declined by 4.78 per cent to 3.78 MT in February 2023 compared to 3.97 MT in the same month of last year, according to an exchange filing.
The company had sold 59,160 units a year ago, Royal Enfield said in a statement.
The city-headquartered company had sold 2,81,714 units during the corresponding month of last year. Total two-wheeler sales in February 2023 marginally fell to 2,67,026 units from 2,67,625 units recorded in the same month of last year.
The heavy commercial vehicle maker had registered sale of 13,281 units during the corresponding month of last year, a company statement said.
The company’s total dispatches to its dealers stood at 54,455 units in February 2022.
Domestic wholesales rose 11 per cent to 1,55,114 units as compared with 1,40,035 units in February last year, the automaker said in a regulatory filing.
The Pune-based company had dispatched 3,16,020 units to its dealers in February 2022.
Raw material cost inflation eased and US revenues grew at most large drug firms in the December 2022 quarter
The Food Ministry has held meeting with millers, food associations, packaged food makers and advised them to cut prices of atta and atta-made products – efforts that have had an impact at the wholesale level and will soon reflect in retail prices.
The Israeli company said it earned 61 cents per share excluding one-time items, compared with a loss of 34 cents per share a year earlier. Revenue grew 6% to $355 million and was up 9% to $1.4 million in all of 2022.
Industry body the Society of Manufacturers of Electric Vehicles feels the number of two-wheeler electric sales for this year are underwhelming and could have been much higher.
The company had posted a total of 22,682 unit of tractors in the year-ago period.
The government has been the force behind EV adoption with schemes like FAME and PLI, which should be continued for the next few years, a report by Redseer Strategy Consultants has said
Real estate experts say that the Economic Survey 2022-2023 is upbeat about the sector
The stock’s valuation has compressed from around 40 times FY21 earnings to about 23 times the FY23 earnings estimated figure
Future Sentiment Score notches up in optimistic zone: Knight Frank-NAREDCO Real Estate Sentiment Index Q4 2022
Korean car maker Kia will not launch any new models in 2023. Seltos SUV will account for 4 out of every 10 vehicles sold, says Hardeep Brar, Vice-President and Head of Marketing and Sales
Retail sales fell 1.1% in December, following a revised 1% drop in November, the Commerce Department reported Wednesday. In October, retail sales ticked up 1.3%, helped by early holiday shopping.
Tata Motors, which crossed the five lakh cumulative wholesale mark in 2022, is hopeful of robust performance this year on the back of new launches as well as better traction for its internal combustion engine models, electric vehicles and CNG trims.
Electric vehicle sales break records again, but the pace of growth slows.
Sales in Noida and Greater Noida hit by the limited availability of new inventory and lack of completed projects. Total unsold inventory in NCR crosses 1 lakh units.
The German luxury carmaker's sales in India rose 41% last year to 15,822 cars, its highest ever in the country, and it has an order backlog of around 6,000 vehicles, Santosh Iyer, managing director for Mercedes-Benz India, told Reuters.
Macrotech Developers, which sells properties under the 'Lodha' brand, is one of the leading real estate developers of the country.