Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
The Passenger Vehicles (PV) segment volumes are expected to log a record 18-20% growth this fiscal as the pent-up demand levels off amid hike in vehicle prices, CareEdge said in a report on Tuesday.
It also projected the PV sales volume to continue this growth momentum in the next fiscal, driven by factors such as a strong order book and improvement in the supply chain, the credit ratings agency said.
The demand for premium variants is expected to remain healthy, while that of entry-level variants may remain muted due to high-interest rates and an inflationary environment, according to CareEdge.
Also Read : UP emerges as top state in total vehicle sales in Oct-Dec 2023; Maharashtra 2nd: SIAM AM/NS India Launches Advanced Steel Line for Auto Sector at Hazira
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