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.
Three years into the war, Europe’s sanctions regime now resembles a policy of managed hypocrisy: Moral rhetoric for public consumption, exemptions for industrial preservation.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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