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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Vehicle manufacturers and dealers placed big bets on pent-up demand. In its absence, old wounds have reopened.
Editor's note: On Wednesday, the Union cabinet approved a production-linked incentive (PLI) scheme for 10 sectors to the tune of Rs 1.46 trillion over five years. The automobile and auto components sectors are set to corner a lion’s share of this—roughly Rs 57,000 crore. A timely step for the auto sector, it can be argued. Its performance has a strong correlation to the economy, employs several million people, accounts for 7.1% of India’s gross domestic product and nearly 22% of the manufacturing sector’s GDP. But recent reports in the media have presented a rather rosy picture of the industry staging a strong recovery on the back of a phased relaxation of the lockdown imposed in late March to thwart the spread of COVID-19. Take Hero MotoCorp, the No. 1 manufacturer of two-wheelers in the world, for instance. The company claims to have sold over 800,000 two-wheelers in October, its highest ever sales in a month. Passenger vehicle manufacturers have also touted an overall sales growth of 9.68% in the month gone by, compared to a year ago. So, why then is the …
Vehicle manufacturers and dealers placed big bets on pent-up demand. In its absence, old wounds have reopened.
Editor's note: On Wednesday, the Union cabinet approved a production-linked incentive (PLI) scheme for 10 sectors to the tune of Rs 1.46 trillion over five years. The automobile and auto components sectors are set to corner a lion’s share of this—roughly Rs 57,000 crore. A timely step for the auto sector, it can be argued. Its performance has a strong correlation to the economy, employs several million people, accounts for 7.1% of India’s gross domestic product and nearly 22% of the manufacturing sector’s GDP. But recent reports in the media have presented a rather rosy picture of the industry staging a strong recovery on the back of a phased relaxation of the lockdown imposed in late March to thwart the spread of COVID-19. Take Hero MotoCorp, the No. 1 manufacturer of two-wheelers in the world, for instance. The company claims to have sold over 800,000 two-wheelers in October, its highest ever sales in a month. Passenger vehicle manufacturers have also touted an overall sales growth of 9.68% in the month gone by, compared to a year ago. So, why then is the …
Aggressive expansion, continued dependence on its parent for business, and an adverse shift in the product mix weigh on profitability as well as investor sentiment.
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
The automaker that virtually created India’s electric car market is forced to offer record discounts, even as rivals surge and competition is set to get fiercer.
Aggressive expansion, continued dependence on its parent for business, and an adverse shift in the product mix weigh on profitability as well as investor sentiment.
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
The automaker that virtually created India’s electric car market is forced to offer record discounts, even as rivals surge and competition is set to get fiercer.
