Maruti Suzuki India (MSI) is planning capital expenditures (capex) until 2030-31 amounting to approximately Rs 1.25 lakh crore, the company said in a stock exchange filing on Monday. The company’s strategy involves expanding its current product lineup from 17 models to 28 while increasing its production capacity. Maruti aims to have a total production capacity …
Sport-utility vehicles (SUVs) now make up half of all passenger vehicle sales in India, doubling their market share in five years. This shift in buyer preference towards bigger, feature-rich vehicles has come at the expense of once-popular small cars. As much as 52% of the 363,733 passenger vehicles sold in September were SUVs, a record …
Image Source: PTI Domestic air passenger traffic jumps 25% in July According to the latest data shared by the Directorate General of Civil Aviation (DGCA), domestic air passenger traffic volume surged by 25% year-on-year to 1.21 crore passengers in July. DGCA data revealed that domestic carriers transported 97.05 lakh passengers in July 2022. IndiGo, a …
Image Source : PIXABAY/REPRESENTATIVE Passive funds A recent study has uncovered the growing popularity of passive funds among investors in India. In 2023, passive funds accounted for over 17% of Assets Under Management (AUM), a significant increase from 1.4% in 2015. Passive funds simulate the performance of a market index or segment, with examples including …
Image Source : PTI China, Vietnam’s share in India’s steel import basket rose during June 2023: Data The share of countries such as China and Vietnam in India’s steel import basket increased in June 2023 compared to the previous year, according to official data. India’s overall steel import reached 4.84 lakh metric tonnes (LMT) in …
Image Source: FILE Reliance Industries: Expected Revenue of $10-15 Billion from New Energy Business by 2023 According to a report by Sanford C Bernstein, Reliance Industries, led by Mukesh Ambani, could generate $10-15 billion in revenue by 2023 from its new energy ventures, including solar and hydrogen. However, the company will need to seek acquisitions …
Image Source: PTI India’s domestic air passenger traffic grows Mumbai: The Directorate General of Civil Aviation (DGCA) has reported a 15% year-on-year growth in India’s domestic air passenger traffic in May 2023, which amounted to 132.67 lakh passengers. This is a significant increase from the 114.67 lakh passengers recorded during the same period last year. …