The commercial vehicles segment also saw an uptick in sales, with industry leaders Ashok Leyland and Eicher Motors posting 5% and 6.5% rise respectively.
'The weighted average increase will be 0.6%, depending on the variant and model,' the car maker said in a press release, adding it will come into effect from 1 May.
Industry body Society of Indian Automobile Manufacturers says 'it sees no reason why' entry-level car segment — which has shrunk due to rising prices — will not see 'sudden' revival in demand.
The three-wheeler segment of the vehicle market achieved record numbers in March, with retail sales surging 69% year-on-year, surpassing the previous high hit in March 2020.
As per ratings agency, higher incomes and strong order book driven by pent-up demand, especially for SUVs, will support domestic growth even as exports remain sluggish.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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