Exclusive: Posco s steel plant in India faces disruption, hampering auto supply chain reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Operations at South Korean steelmaker Posco s plant in the Indian state of Maharashtra have been disrupted due to local protests over labour and other issues, police and sources told Reuters,. | March 12, 2021
India s February PV sales rise over 17% year-on-year
Low interest rates along with pent-up demand accelerated domestic passenger vehicle sales in February on both year-on-year and sequential basis.
| 11 March 2021 7:11 AM GMT
NEW DELHI: Low interest rates along with pent-up demand accelerated domestic passenger vehicle sales in February on both year-on-year and sequential basis. Accordingly, sales of passenger vehicles increased by 17.92 per cent in February 2021, according to data from the Society of Indian Automobile Manufacturers (SIAM) released on Wednesday. Overall, a total of around 281,380 passenger vehicles were sold last month compared to over 238,622 units during the same period of 2020.
In January 2021, 276,554 units of passenger vehicles were sold.
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PV sales grow 17.9% in Feb amid supply chain challenges: SIAM
In fiscal year so far, auto industry sold 1.9 crore units against 2.4 crore during same period previous year, marking an 18.92 per cent decline. Three-wheeler sale saw biggest 69.77 per cent decline, followed by two-wheelers at 17.69 per cent
Manoj Sharma | March 10, 2021 | Updated 23:45 IST
Rajesh Menon, Director General, SIAM, supply chain challenges continue to be obstacles in smooth functioning of industry
Showing a strong comeback, passenger vehicles sales grew 17.92 per cent in February at 281,380 units compared to 238,622 units produced in February 2020, SIAM (Society of Indian Automobile Manufacturers) data showed. The overall sale passenger vehicles, three-wheelers, two-wheeler, and quadricycle saw 15.36 per cent growth at 22.5 lakh units in February 2021 as compared to 19.5 lakh sold in February 2020.