The car industry faces a slowdown post-Covid as cautious buyers lead to reduced wholesales to dealerships, even during the typically high-demand festive period. Passenger vehicle dispatches dropped by 2% in the second quarter of this fiscal year, with a marginal 0.5% increase in the first half. Industry forecasts now predict growth in low single digits.
Related Posts
Why did Hindenburg Research, short-seller behind Adani Group $150 bn rout, shut down? Read full text of founder Nate Anderson’s personal note
- staff
- January 16, 2025
- 0
Hindenburg Research, known for its impactful investigative reports, announced its closure following the completion of their projects. Founder Nathan Anderson cited the team’s significant accomplishments, […]
BoI reports 61 per cent jump in Q2 profit aided by non-core income
Bank of India’s consolidated net profit surged 61% to Rs 2,421 crore in the September quarter, fueled by non-core income growth. While net interest income […]
Reliance retail, UK footwear co Clarks end JV after 2 years
Reliance Retail and UK-based Clarks have ended their joint-venture partnership, reportedly due to differences over terms. Clarks has subsequently begun closing its stores in India, […]