Sure, growth rates varied across companies, but the path was led by the two-wheeler segment with Bajaj Auto Ltd, TVS Motor Co. Ltd, and Hero MotoCorp Ltd seeing revenue growth of 21-30%. This show was the result of superior volume performance in the segment. However, Eicher Motors Ltd, the listed parent of Royal Enfield, bucked the trend as weak exports took a toll on its volumes.
Next in line was the passenger vehicle segment, where companies with a significant portion of utility vehicles in their portfolio like Mahindra & Mahindra Ltd (M&M) benefitted given the rising preference for premium vehicles. M&M reported a 24% revenue growth in the auto segment, while Maruti Suzuki India Ltd, with a portfolio dominated by mini and compact cars, clocked a 15% revenue growth in Q3.
The commercial vehicle (CV) and tractor segments followed at the lower end of revenue growth band, as poor demand weighed on their Q3 earnings.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Using AI In Workflow To Make Work Less Stressful
Al's role in workflow automation goes beyond efficiency-it also directly impacts employee well-being
Employees' Provident Fund Has Issues. Can Employees Opt Out?
EPF contributors face mounting challenges as limited withdrawal options and high rejection rates persist
The Promise And Challenges Of Insurance Reform
One of the most awaited results of the hike in foreign holding is the infusion of capital
Becoming better at work with daily reflection
Fujifilm India's Arun Babu on the significance of constant learning
A new incentive structure could help preserve standing forests
The proposed tropical forest forever facility would use blended finance to reward countries for protecting their green cover
Let someone else play knight in shining armour for Disney
CEO Iger should quit can-kicking and help the next chief succeed
Thomas E. Kurtz gave us our Basic lessons in software
He wanted computers kept accessible, as seen in the programming language he pioneered
Why the 5-star hotel experience needs urgent reforms
From gagging TV sets to guiding guests on surviving tucked-in beds, plenty needs to be fixed
COP-29 could not escape the US election's impact
The $300 billion pledged by rich countries as climate funding is grossly insufficient. True, Trump's US may revert to climate scepticism, but others must try harder to mobilize funds
Empower women to participate equally in Digital India's success
We must go beyond bridging gaps in internet access and maximize women's agency in using devices
