Maruti, Hyundai passenger vehicle wholesales slid in December
The Hindu
Tata Motors, M&M register growth; continuing chip shortage plagues industry
Passenger vehicle (PV) market leaders Maruti Suzuki and Hyundai on Saturday said wholesales declined in December, although homegrown majors Tata Motors and Mahindra & Mahindra reported growth, even as the semiconductor shortage continued to impact output.
India’s largest carmaker Maruti Suzuki India reported a 4% fall in wholesales to 1,53,149 units in December compared with a year earlier. Domestic sales slipped 13% to 1,30,869.
“The shortage [of electronic components] primarily affected the production of vehicles sold in the domestic market,” Maruti said in a statement. The auto major reported a 13% year-on-year growth in wholesales in 2021 as it dispatched 13.97 lakh units to dealers.
India’s exports contracted by 12.2% to $34.48 billion in December 2022 due to the global demand slowdown
India's residential market has witnessed recovery with an increase in housing sales, according to the Economic Survey tabled in the Parliament
In addition, investors were sitting on gains from Indian stocks that could be realised to offset losses elsewhere, the survey noted.
There is a need to upskill and create employment for women in agriculture-related sectors such as food processing, the Economic Survey noted
While traditional infrastructure sectors including railways have received a renewed push in recent years, sectors such as inland water transport and civil aviation, which have significant untapped potential, are also being encouraged sufficiently
The Adani Group plans to raise ₹20,000 crore via FPO; share sale needs at least 90% subscription to go through
The monetary tightening at the global level has further restricted the FDI equity inflows, the survey said
The recovery rate for the SCBs through the Insolvency and Bankruptcy Code (IBC) was highest in FY22 compared to other channels, the survey noted
The Economic Survey 2022-23 was tabled in Parliament by Finance Minister Nirmala Sitharaman.
The four-day visit comes after Pakistani rupee dived to a historic low against the United States dollar recently
With a current fortune of $84.4 billion, Adani’s ranking has fallen from fourth place to 11th on the Bloomberg Billionaires Index