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Icra: Strong demand from the original equipment manufacturer (OEM) market and an expected rebound in replacements are expected to drive the growth. In FY2024, improved product mix and range-bound input costs are predicted to boost margins by 200-300 basis points.
Vehicle loans outstanding increased by 22 per cent year-on-year to Rs 5.09 lakh crore in May, notwithstanding the Reserve Bank's rate hike spree in 2022-23. As per the latest RBI data, the total vehicle loan outstanding climbed from Rs 3.65 lakh crore in May 2021 to Rs 4.16 lakh crore in May 2022, and further to Rs 5.09 lakh crore as of May 19, 2023.
The five MPs expressed their apprehension that unless the situation is brought under control in time, an uncontrollable communal flare up cannot be ruled out which will adversely affect the whole Northeastern states.
The price of an E2W has gone up by 15-20 percent as most manufacturers have upped prices, impacting sales. But if manufacturers pass on benefits resulting from lower battery costs following a moderation in lithium prices, then demand for E2Ws may rebound
The Federal Road Safety Corps, FRSC, Osun Sector Command, has advised motorists to embrace defensive driving while on highways and shun the use of worn