Bajaj Auto: Analysts said a focus on its high-margin three-wheeler segment - popular in India as "auto rickshaws" used for ferry people in cities and towns across the country - coupled with some cost efficiencies, helped the company grow margins during the quarter. "(The company s) three-wheeler business has been reviving on return in demand and a rise in compressed natural gas network in the domestic market," Sharekhan by BNP Paribas said in a note.
India’s passenger vehicle sales exceeded the two million mark for the first time this financial year, as a resurgent auto industry looks set to cash in on a boom in the festive season sales
SIAM Auto Sales: According to the latest data by the industry body, Society of Indian Automobile Manufacturers (SIAM), the second quarter of FY24 witnessed an 1.04% growth in total domestic sales to 61,16,091 units compared to 60,52,739 units in the same period in FY23.
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