With more people avoiding regular public transport due to social distancing and falling income of autorickshaw drivers, the volume decline for the three-wheelers segment is one of the highest in the vehicle segment.
According to the data from the Power System Operation Corporation (POSOCO), consumption rose by 11.6% to 3,297 million units per day between May 11 and May 17 compared to the last seven days of the previous month. Northern and southern states showed visible improvements in business activity.
Demand for tractors has outstripped supply, as output has fallen with factories operating at a quarter of their capacity due to the lockdown regulations.
80% of wholesale agriculture markets are fully functional now compared with 40% in lockdown.
While sales volume declined by 16% in FY20, Maruti’s cash reserves went up by over $500 million.
PFC and REC will infuse liquidity in the discoms in two equal instalments.
Component makers are also working overtime to restart factories, but delays in getting approvals are causing hindrance in some states, especially in Maharashtra and Tamil Nadu that have the biggest automotive manufacturing hubs, industry insiders said. This, they said, could weigh on the plans of the automakers.
Centre and states are resorting to fuel tax hikes to capture gains from a global oil crash.
BHEL has offered partnerships at its 16 manufacturing facilities across the country
Equities had bottomed out at 7-8 times of forward earnings during the crisis in 2008.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon