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Festive Stocking, Tax Relief & GST Cuts To Drive Auto Demand In H2FY26: Report

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Festive Stocking, Tax Relief & GST Cuts To Drive Auto Demand In H2FY26: Report


New Delhi: The Indian automobile industry is heading into the second half of FY26 with cautious optimism, as festive stocking, reduction in GST rates, and income tax relief are expected to boost consumer demand, a report said on Friday. Meanwhile, September sales data reflected a mixed trend — with strong growth in two-wheelers, three-wheelers, commercial vehicles, and tractors, even as passenger vehicle volumes slipped on a Year-on-Year (YoY) basis, Axis Securities highlighted.

Two Wheeler/Three Wheeler (2W/3W) Segment

Domestic two-wheeler sales rose 6 per cent YoY and 18 per cent month-on-month (MoM), supported by strong performances from Royal Enfield (43 per cent YoY), Suzuki Motorcycle (37 per cent YoY), and TVS Motor (12 per cent YoY). Exports remained firm, rising 17 per cent YoY and 2 per cent MoM, led by Bajaj Auto, Hero MotoCorp, RE, and TVS.

Three-wheeler sales recorded 12 per cent YoY and 6 per cent MoM growth, largely driven by M&M (30 per cent YoY) and TVS (60 per cent YoY), the report noted.

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Passenger Vehicles (PV)

The PV segment saw a 5 per cent YoY decline in wholesales, though sales rebounded 16 per cent MoM, aided by deferred inventory clearance and GST reductions.

JSW MG Motor and Tata Motors outperformed with 47 per cent and 45 per cent YoY growth, respectively, followed by Toyota Kirloskar (31 per cent YoY) and M&M (10 per cent YoY). Maruti Suzuki, however, slipped 6 per cent YoY, while Hyundai remained flat.

Company-wise, Tata Motors’ PV sales jumped 45 per cent YoY, while M&M’s PV division rose 10 per cent YoY. Maruti Suzuki reported a 6 per cent YoY drop in domestic sales, though MoM performance improved 2 per cent.

Tractors

The tractor industry witnessed a sharp rebound, with volumes up 50 per cent YoY and 124 per cent MoM, buoyed by good monsoons and high reservoir levels. M&M’s tractor sales surged 50 per cent YoY and 148 per cent MoM, Escorts Kubota rose 49 per cent YoY and 125 per cent MoM, while VST Tillers and Tractors posted a 42 per cent YoY gain but fell 27 per cent sequentially.

Commercial Vehicles (CV)

Domestic CV sales rose 11 per cent YoY and 19 per cent MoM. Tata Motors and M&M recorded mid-double-digit growth, while Ashok Leyland reported a 9 per cent YoY rise. Eicher Motors’ VECV division remained flat YoY, but improved 6 per cent MoM. Maruti Suzuki’s CV sales fell 7 per cent YoY.

Axis security said that it remains cautiously optimistic for H2FY26, expecting high single-digit growth in PVs and steady demand in CVs, supported by festive demand, GST cuts, rural recovery, and new model launches.

Tractor sales are also expected to remain buoyant, aided by improved kharif harvest and reservoir conditions, the domestic brokerage firm said.



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Bank holiday on Swami Vivekananda’s birth anniversary: Will banks remain shut on January 12? Check state-wise list – The Times of India

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Bank holiday on Swami Vivekananda’s birth anniversary: Will banks remain shut on January 12? Check state-wise list – The Times of India


Bank holiday on Swami Vivekananda’s birth anniversary: Banks will be observing multiple holidays in January 2026, ranging from regional festivals to nationwide observances. On January 12, some banks will remain closed to mark the birth anniversary of Swami Vivekananda. Keeping track of bank holidays is essential for planning financial activities, as physical banking services will be unavailable on these days and customers are advised to schedule branch visits accordingly.

Where are banks closed on January 12?

On January 12, the birth anniversary of Swami Vivekananda, banks will remain closed in West Bengal.

Upcoming holidays in January:

January 14: Banks in Gujarat, Odisha, Assam and Arunachal Pradesh will remain closed on account of Makar Sankranti and Magh Bihu. January 15: Banks in Karnataka, Tamil Nadu, Sikkim, Telangana and Andhra Pradesh will shut for Uttarayana Punyakala, Pongal, Maghe Sankranti and Makara Sankranti. January 16 and January 17: Tamil Nadu will see additional banking holidays, in observance of Thiruvalluvar Day and Uzhavar Thirunal.January 23: Banks in Tripura, Odisha and West Bengal will shut to mark the birthday of Netaji Subhas Chandra Bose, Saraswati Puja (Shree Panchami), Vir Surendrasai Jayanti and Basanta Panchami. January 26: Banks across the country will remain closed for Republic Day. In addition to these holidays, banks will also be closed on the second and fourth Saturdays of the month, as per the standard banking schedule. While physical branches will not be operational on these days, customers will still be able to access online banking services, ATMs, mobile banking applications and UPI for routine transactions such as fund transfers and bill payments. However, services requiring an in-person visit, including large cash deposits, cheque clearances and the issuance of demand drafts, will not be available during closures. Customers are advised to plan essential banking activities in advance to avoid inconvenience and make use of digital banking options during holiday periods.



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Has Govt Proposed Measure To Force Smartphone Manufacturers To Share Their Source Code? Check Truth Behind The Claim

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Has Govt Proposed Measure To Force Smartphone Manufacturers To Share Their Source Code? Check Truth Behind The Claim


New Delhi: The government has refuted media report that said the center is proposing to force smartphone makers to share source code with the government. 

A Reuters report has said that India has proposed to force smartphone manufacturers to share their source code as part of a security overhaul. 

Fact-checking agency PIB has refuted the media claim. PIB has stated that the claim being made in this post is misleading.

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“This claim is FAKE. The Government of India has NOT proposed any measure to force smartphone manufacturers to share their source code,” PIB has tweeted.

The Ministry of Electronics and Information Technology has started the process of stakeholders’ consultations to devise the most appropriate regulatory framework for mobile security. This is a part of regular and routine consultations with the industry for any safety or security standards. Once a stakeholder consultation is done, then various aspects of security standards are discussed with the industry.

No final regulations have been framed, and any future framework will be formulated only after due consultations, it added.

How to get messages fact-checked by PIB

If you get any such suspicious message, you can always know its authenticity and check if the news is for real or it is a fake news. For that, you need to send the message to https://factcheck.pib.gov.in. Alternatively you can send a WhatsApp message to +918799711259 for fact check. You can also send your message to pibfactcheck@gmail.com. The fact check information is also available on https://pib.gov.in.





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‘They’re playing cute’: Trump ‘inclined’ to keep ExxonMobil out of Venezuela — here’s why – The Times of India

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‘They’re playing cute’: Trump ‘inclined’ to keep ExxonMobil out of Venezuela — here’s why – The Times of India


US President Donald Trump said that he may bar ExxonMobil from operating in Venezuela, criticising the oil giant after its leadership questioned the viability of investing in the country after the capture of former president Nicolas Maduro by US forces. Speaking to reporters aboard Air Force One on Sunday as he departed West Palm Beach, Florida, Trump said he was unhappy with the company’s stance. “I didn’t like Exxon’s response,” he said. “They’re playing too cute.” The remarks came days after Trump met oil executives on Friday in an effort to calm industry concerns about Venezuela. During the meeting, he told companies that any engagement would be handled directly with the United States rather than through the Venezuelan government. However, not all executives were reassured. Darren Woods, chief executive of ExxonMobil, described the current situation in stark terms. “If we look at the commercial constructs and frameworks in place today in Venezuela, today it’s uninvestable,” he said. On the same day, Trump also signed an executive order aimed at protecting Venezuelan oil revenues from being used in judicial proceedings. The order, released publicly on Saturday, warned that allowing such funds to be seized could “undermine critical US efforts to ensure economic and political stability in Venezuela.” The country has long faced state asset seizures, US sanctions and prolonged political uncertainty. Securing investment from US oil companies to help rebuild Venezuela’s infrastructure has become a key objective of the Trump administration following Maduro’s capture. The White House has presented the approach as an economic strategy, with Trump already having seized tankers transporting Venezuelan oil, announced that the US is taking control of the sale of 30 million to 50 million barrels of previously sanctioned crude, and stated plans to oversee those sales globally on an indefinite basis.



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