Two-wheeler exports see 30% uptick in H1 - The Hindu BusinessLine
Two-wheeler exports from India show significant growth in H1 2024, targeting new markets for sustainability and expansion.
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Two-wheeler exports from India show significant growth in H1 2024, targeting new markets for sustainability and expansion.
Says medical tourism to sustain 60-62% bed occupancy in 2025; health insurance expansion making quality treatment more accessible
Passenger vehicle volumes are expected to grow 5-7% in the next fiscal, driven by the SUV segment. Demand for SUVs has doubled its market share to 60% this fiscal. The preference for SUVs is expected to grow further with new model launches, including electric variants.
Agricultural (agri) pump makers will see healthy revenue growth of 7-9% in fiscal 2025, supported by resilient domestic demand for conventional pumps and a surge in offtake of solar pumps, largely under the PM Kusum Scheme, according to CRISIL Ratings. This will follow a likely revenue growth of 8-10% in the current fiscal.
The sector is dominated by conventional pumps (grid-connected and diesel pumps) which have ~90% share, with the remaining comprising solar pumps. Demand for agri pumps is largely resilient — a ‘good monsoon drives up farm incomes and pump purchases, buoyed by healthy kharif crops, while a ‘deficient monsoon necessitates the usage of pumps to irrigate rabi crops.