Two-wheeler makers Royal Enfield, Bajaj Auto and Hero MotoCorp posted record revenue from sales of branded, genuine parts – like brake pads, headlights and speedometer – accessories and merchandise in FY24. At their post-earnings investor calls, company executives attributed this to the market for such items becoming more organised and buyers giving preference to branded … Read more
The average Indian in 2024 might prefer to buy a tank-sized automotive beauty with all the frills over a smaller car. However, what the desis seem to be rejecting, are turning out to be the backbone of India’s car exports. The SUV breeze has affected the sales of smaller cars and sedans in India over … Read more
In April this year, the highly anticipated 4th Bitcoin halving event occurred, marking a significant milestone. The block reward for miners was halved from 6.25 BTC to 3.125 BTC, underscoring Bitcoin’s deflationary nature and broader role as a store of value. The Bitcoin halving event has ignited widespread curiosity within the crypto community. To get … Read more
French carmaker Citroen, which has had limited success with the models launched in India so far, is hoping to turn around its fortunes in the country with the Basalt – a mid-size coupe SUV that would go on sale in the second half of this year. The latest offering from the Stellantis group firm captures … Read more
New Delhi, Maruti Suzuki India expects a revival of the small car segment in the domestic market by 2026-end or 2027, after suffering from affordability issues and onslaught from SUVs, according to a senior company official. The small car segment, which had once dominated the Indian total passenger vehicles market, accounts for less than 30 … Read more
New Delhi: India’s car industry is on track for a record-breaking year, with sales expected to touch about 4.23 million vehicles, buoyed by a double-digit sales surge this month. The robust performance would cement India’s position as the world’s third-largest passenger vehicle market, staying ahead of Japan for the second year in a row. As … Read more
Rapid growth in the highway network, along with an increase in the spending power of consumers, is pushing up sales of vehicles in India, German automaker Volkswagen’s executive director, international sales, Michael Mayer, told ET. The company, he said, is invested in bringing more premium vehicles to strengthen its presence in this market. India has … Read more
The domestic passenger vehicle (PV) market is estimated to grow by six to nine per cent in the current financial year over the preceding fiscal, according to ratings firm ICRA. In absolute terms, the PV industry will clock a sales figure of 4.2 million units in the current fiscal. The report said that dealer inventories … Read more
Volatile times: World cotton prices went up by 15% in the last two weeks and corrected 3% or so on Friday. | Photo Credit: SIVA SARAVANAN S Even as the demand for cotton from the textile mills remains subdued, traders say the surge in domestic cotton prices in the last two weeks will depend on … Read more
From its white straps and curved front screen down to its name, the Vision SE shows remarkable similarities with Apple’s headset. Yet, their functionality and prices are starkly different. A customer tests a Vision Pro headset at an Apple store in Palo Alto, California. Photo: Bloomberg For less than 2,000 yuan (US$280), the Vision SE … Read more
