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Sales of heavy-duty commercial trucks in Bangladesh fell nearly 34 percent year-on-year in the January-September period this year due to shrinking economic activities and higher prices stemming from the devaluation of the local currency against the US dollar. ....
Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year.
Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY).
However, on a sequential basis, a decline in revenues as well as earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins is expected. ....
Vinod Agarwal: The government is supporting the domestic auto industry in developing indigenous capabilities, particularly in microprocessors and other critical components. ....
Eicher Motors Ltd.’s quarterly profit fell by more than half as local lockdowns to curb the severe second Covid-19 wave shut dealerships and stalled production. Still, the earnings met estimates. ....