Latest Updates Around The World
The Indian auto sector has staged a strong recovery in the third quarter, supported by a timely holiday sales tax cut, healthy retail growth and disciplined inventory management.The revival in demand was broad-based across two-wheelers, passenger cars and commercial vehicles, with volumes increasing sharply year-on-year during the quarter. Two-wheel combustion engine volumes rose in the […]
MUMBAI: For most of the past three years, registrations of electric two-wheelers in India have been rising, monthly charts reflected explosive sales growth, and analysts spoke confidently about EV scooters taking over city streets by the end of the decade.But the latest figures tell a completely different story. The slowdown that many in the industry […]
The latest car sales figures have investors optimistic as industry experts point to strong growth driven by recent VAT cuts. Dipan Mehta, director of Elixir Equities, said: “There were some good numbers coming out of the auto industry and the VAT cuts have clearly benefited auto volumes across the board. And more importantly, management is […]
According to Dipan Mehta, director of Elixir Equities, the Securities and Exchange Board of India’s (SEBI) proposal to revise mutual fund fee rules to reduce costs for investors is unlikely to have a material impact on mutual funds or brokers. Speaking to ET Now, Mehta said the changes appear “marginal” and are mainly aimed at […]
