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The financial performance of Indian airlines is likely to remain under pressure in the near term, even as recovery in domestic passenger traffic has been healthy, said Corporate Rating firm ICRA.Elevated ATF prices will continue to pose a major ...
Industry players expect an increase in the overall production cost, which could be passed on to buyers starting next year.
With revised emission norms set to come into play by April 1 next year, cars are anticipated to get expensive as updated components will be required to control tailpipe emissions.
The Indian automobile industry is currently working to make their products meet the second phase of Bharat Stage VI, equivalent to Euro-VI emission norms, in real time driving conditions. Industry players expect an increase in the overall production cost, which could be passed on to buyers starting next year.
The domestic road logistics sector is expected to continue its growth momentum in FY2023 supported by the accelerated pace of business activities, following a healthy growth in FY2022, ratings agency ICRA said on Thursday.