The two-wheeler industry grew by 13.5 per cent during this period, with rural sales increasing by 14.5 per cent compared to 12 per cent growth in urban areas.
"This is primarily because the economic situation in rural areas is improving and there is a significant infrastructural push from the government," said Yogesh Mathur, director of sales and marketing at Honda Motorcycle and Scooter India (HMSI).
According to data from Jato Dynamics, rural growth has been trailing urban sales growth since the first quarter of 2018-19, only to surpass it in the first quarter of FY24 when rural growth was 5 per cent compared to urban growth of around 2 per cent. But in Q1FY25, rural growth significantly outpaced urban growth, with rural sales increasing by 18 per cent compared to 10 per cent for urban areas.
Diese Geschichte stammt aus der August 26, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 26, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
NPS FUND RETURNS Equity-debt allocation: Let risk appetite, not past-yr returns, decide
Funds under the National Pension System (NPS) have delivered strong returns over the past year across all asset classes, exceeding their longer-term averages.
Index AUM criteria to limit MF Lite's ambit
The strict product launch conditions under the MF Lite framework leaves little room for innovation by asset managers opting for this newly introduced route to enter the mutual fund (MF) business, experts said.
Mumbai realty firms to build on demand, robust pipeline
The outlook for Mumbai-based real estate players remains strong given the launch pipeline and demand outlook reflected in the registration data for December.
Mkts open in green for 7th year running
2025 OUTLOOK: Face headwinds from high valuations, domestic demand issues, and global uncertainties
Sebi simplifies disclosure norms for listed entities with integrated filing
The Securities and Exchange Board of India (Sebi) has made integrated filing for Listing Obligations and Disclosure Requirements (LODR) effective for all disclosures starting with the quarter ending December 2024.
Stock Consolidates, Outlook Bright
With just two trading sessions to go before the ITC-ITC Hotels demerger record date, shares of ITC continue to consolidate in a thin range of ₹460-485 in an otherwise volatile equity market.
NSE enforces mechanism for brokers to curb market abuse
The National Stock Exchange (NSE) has issued a guidance note for stock brokers to ensure prevention and detection of fraud or market abuse.
ITC Hotels to go the Jio Fin way
ITC's move to hive off its hotel business will have implications for passive funds and exchange traded funds (ETFs) similar to that seen during the Reliance Industries-Jio Financial demerger.
Air India Becomes 1st Indian Airline to Offer Wi-Fi on Domestic Flights
The in-flight Wi-Fi will allow flyers to connect multiple devices simultaneously when above 10,000 feet in the air
2024 Warmest Year in India Since 1901: IMD
The year 2024 was the warmest on record in India since 1901, with the average minimum temperature settling 0.90 degrees Celsius above the long-period average, the India Meteorological Department (IMD) said on Wednesday.
