Page 15 - Auto Sector News Today

The company has been outperforming the two-wheeler industry growth owing to higher share of non-auto verticals and adding new customers and new products in the auto sector to offset volume cyclicality of the two-wheeler industry.

The auto space is back in the game after a very long time. The decline in major commodity prices has been fruitful and margins have already started to improve. Amid this positive environment, lets find out between Maruti Suzuki and M&M, which auto major is a better investment for the long term.

“Tokyo Citys total commercial space is much higher than the entire India put together. So, in India where GDP is growing at 8% or thereabouts, the commercial space demand will move up significantly in the coming years. We have already seen real estate demand coming in a big way as far as both affordable as well as high-end, particularly the high-end.”

Pak Suzuki Motor Company announces another shutdown of automobile plants * Agriauto Industries says it will observe a partial shutdown

    business reporterindia’s domestic automobile industry is expected to record moderate growth in volumes in fy24, but a sustained recovery in demand sentiments remains to be seen, amid concerns over the impact of an uneven mons

The industry has been on a comeback trail over the past two years, aided by a recovery in economic activities and increased mobility although the pace of revival across the various automotive segments has been somewhat mixed, ICRA said in a statement.

Indias domestic automobile industry is anticipated to achieve moderate growth in FY24, with the passenger vehicle segment reaching all-time high volume levels, supported by personal mobility preference and stable semiconductor supplies. The commercial vehicle industry is expected to approach pre-pandemic highs with modest growth, while the two-wheeler segment continues to face challenges.

Dealers believe that this years festival season is expected to be record-breaking for PVs and 2Ws after two dull years since Covid.

Asim Ayaz, General Manager Policy at Pakistan’s Engineering Development Board (EDB), said on Saturday that quotas...

KARACHI: The government’s high auto taxes of 37-43% are severely hampering Pakistan’s auto industry growth. This...