by AIP Online Bureau | Sep 6, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Non-Life
Despite this monthly setback, the sector witnessed a modest 2.88 percent year-on-year (YoY) growth compared to August 2023 New Delhi: Auto retail sales in India experienced a significant decline in August 2024, primarily due to excessive rainfall during this monsoon...
by AIP Online Bureau | May 9, 2024 | Data, Eco/Invest/Demography, Policy
Chief Economic Advisor V Anantha Nageswaran attributed the decline to a shift in portfolio where savings were being channelised to real assets NEW DELHI: Household savings are estimated to have declined for the third year in a row in FY24 as liabilities on account of...
by AIP Online Bureau | May 8, 2024 | Data, Eco/Invest/Demography, Policy
“The auto industry remains cautiously optimistic about its near-term outlook,” it said.Auto sales are keenly watched as a key indicator of private consumption in India. The auto sector contributes around 7% to India’s economy.Retail car sales grew...
by AIP Online Bureau | Mar 25, 2024 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography
Earlier this month, the government approved an electric-vehicle policy, under which duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of USD 500 million, a move aimed at attracting major global players...
by AIP Online Bureau | Jan 28, 2024 | Eco/Invest/Demography, Policy, Technology
Toyota Kirloskar Motor Deputy Managing Director (Corporate Planning, Finance & Administration and Manufacturing) Swapnesh R Maru said the automaker remains confident that the Government will continue its push towards shifting the economy and transportation sector...
