GST kitty swells, factory activity hits 31-month high

2023-06-02 05:13:16 Data released Thursday indicated India’s sustained economic momentum at the start of the new fiscal year, with goods and services tax (GST) collection growing at a rapid clip in May as manufacturing activity hit a 31-month high in the month. Vehicle and fuel sales backed up the trend. Numbers released a day earlier … Read more

Passenger vehicles, two-wheelers rev ahead in May, CVs on slow lane still

2023-06-01 15:46:02 The domestic wholesale (dispatches to dealers) of passenger vehicles (PVs) in May showed a mixed trend with some manufacturers, such as Maruti Suzuki, Hyundai Motor, Toyota, Mahindra & Mahindra reporting double-digit growth on a year-on-year (YoY) basis, while some others such as Honda Cars India and Kia India reporting declining sales. In the … Read more