PASSENGER VEHICLE (PV) despatches from companies to their dealers grew 4% year-on-year (y-o-y) in November even as retail volumes during the same month declined by 14%.
Industry body the Society of Indian Automobile Manufacturers (SIAM) said that total domestic volumes during the reporting month stood at 347,522 units, which was the best-ever for November.
The average inventory days for the PV segment came down to 65-68 days at the start of this month from 85-90 days, as per dealers, but they added that the stock was still high for December as dealers struggle to bring down the inventory since buyers typically push their purchase to the new year.
Diese Geschichte stammt aus der December 14, 2024-Ausgabe von Financial Express Bengaluru.
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 December 14, 2024-Ausgabe von Financial Express Bengaluru.
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
IIT-Madras to offer fine arts, culture courses
In a first for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.
The world's busiest airline routes in 2024 are largely in Asia
Leisure continues to outshine corporate trips
Not even 2% work-linked higher education courses yet: Report
EDUCATION-INDUSTRY MISMATCH
KYC masking to go live on Jan 20
DEADLINE EXTENDED; BIG RELIEF TO BANKS & FINTECHS
SME IPOs fetch rich returns in Dec
THE SME IPO market continues to see heightened interest and is delivering multibagger returns despite being under the lens of the markets regulator.
Indian firms use euro, yen swaps
MOREOVER, EXPECTATIONS OF dollar strengthening further have also prompted Indian firms to opt for cross-currency pairs other than USD-INR.
EPFO weighs higher equity investments
IN FY23, the interest rate was fixed at 8.15% and 8.10% in FY22.
China plans record budget deficit of 4% of GDP in 2025
New plan compares with an initial target of 3% of 2024 GDP
Trudeau govt adrift after FM quits, Trump tariffs loom
Canada's finance minister leaves the government adrift less than a month before the inauguration of a new US administration that could impose crippling sanctions on Canadian exports.
Markets slump over 1%
ALL MAJOR ASIAN markets ended in the red on Tuesday, a day ahead of the US Federal Reserve's meeting outcome.
