India Business News: Mumbai: Finance Minister Nirmala Sitharaman will present an interim budget on February 1, which will be a vote on account which, by definition, cannot.
Car Buyers: Replacement demand for vehicles in the NCR has shot up by 30%, outpacing a 22% increase reported countrywide, they said. This has come along with a marked shift away from diesel to more environment-friendly options like CNG, electric and strong hybrid vehicles. The share of diesel in new car sales in the NCR declined to 5.8% this fiscal year from 7.5% in FY23 and 8.8% in FY22. CNG, once used mostly in buses and taxis, now accounts for 20.7% of new vehicle sales.
Replacement demand for vehicles in the NCR has shot up by 30%, outpacing a 22% increase reported countrywide, they said. This has come along with a marked shift away from diesel to more environment-friendly options like CNG, electric and strong hybrid vehicles. The share of diesel in new car sales in the NCR declined to 5.8% this fiscal year from 7.5% in FY23 and 8.8% in FY22. CNG, once used mostly in buses and taxis, now accounts for 20.7% of new vehicle sales.
Hiring action is mostly concentrated at the senior levels due to increased confidence in the economy, said experts. The entry and middle levels are not seeing much action due to the aftereffects of over-hiring in 2021 that are still being felt, they said.