The per unit cost of TVs will go up by at least Rs 2000-3000 starting April 1st, 2021. In the last eight months alone, TV prices have soared upto 300% causing a net escalation of almost INR 3000-4000 per unit. Besides the prices of TV panels (open cell)which have been on a continuous rise to the tune of more than double, mainly due to supply shortage by global vendors, other factors that are leading to this surge are - a hike in custom duty, rise in cost of input material like copper, aluminium and steel and an increase in ocean and air freights charges, that is collectively set to put the prices on fire.
Read more about Hero MotoCorp Ltd Falls 1.75% on Business Standard. Hero MotoCorp Ltd has added 2.09% over last one month compared to 4.86% gain in S&P BSE Auto index and 4.23% rise in the SENSEX
Read more about Hero MotoCorp reports 1.45% rise in total sales in February on Business Standard. Hero MotoCorp reported a 1.45% increase in total sales at 5,05,467 units in February 2021 from 4,98,242 units sold in the same month of the previous year.
Sells 2.97 lakh unitsTVS Motor Company sales grew by 18% registering 297,747 units in February
2021 as against 253,261 units in the month of February 2020.
Total two-wheeler sales grew by 21% recording 284,581 units in February 2021 as against 235,891 units
in February 2020. Domestic two-wheeler sales grew by 15% registering 195,145 units in February 2021
as against 169,684 units in February 2020.
Motorcycle grew by 16% recording 137,259 units in February 2021 as against 118,514 units in February
2020. Scooter sales of the Company grew by 56% registering 95,525 units in February 2021 as against
60,633 units in February 2020.
The Company s total exports grew by 23% registering 101,789 units in the month of February 2021 as
against 82,877 units in February 2020. Two-wheeler exports registered a growth of 35% with 89,436
Read more about Bajaj Auto gains after sales improve 6% YoY in Feb on Business Standard. Bajaj Auto added 0.54% to Rs 3821.35 after the company s total auto sales rose 6% to 375,017 units in February 2021 over February 2020.