Category: News

VST Tillers Tractors declares dividend of ₹20, net profit dips 13% in Q4

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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VST Tillers Tractors Ltd on Thursday (May 9) reported a 13.4% year-on-year (YoY) drop in net profit at ₹34.8 crore for the fourth quarter that ended March 31, 2024.

In the corresponding quarter, VST Tillers Tractors posted a net profit of ₹40.2 crore, the company said in a regulatory filing. The company’s revenue from operations dropped 15.3% to ₹273.4 crore against ₹322.6 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA slipped 27% to ₹39.8 crore in the fourth quarter of this fiscal over ₹54.5 crore in the year-ago period.

Also Read: IRB Infrastructure Q4 Results | Net profit surges 45%, dividend declared

The EBITDA margin stood at 14.6% in the reporting quarter against 16.7% in the fourth quarter of the last fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The board has recommended a final dividend of ₹20 per equity share of ₹10 each, which will be paid once approved by the shareholders at the annual general meeting.

The results came after the close of the market hours. Shares of VST Tillers Tractors Ltd ended at ₹3,432.60, down by ₹1.70, or 0.049%, on the BSE.

Also Read: Pidilite Industries declares dividend of ₹16 per share, misses Q4 profit estimates

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

PBKS vs RCB Preview, IPL 2024: Sam Curran, Virat Kohli to lead the charge for playoffs qualification

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Punjab Kings (PBKS) will clash against the Royal Challengers Bengaluru (RCB) at the Himachal Pradesh Cricket Association (HPCA) Stadium in Dharamshala for their Indian Premier League (IPL) 2024 fixture on May 9, Thursday, at 7:30 pm IST.

PBKS lost against the Chennai Super Kings (CSK) in their last game, whereas RCB beat the Gujarat Titans (GT) by four wickets at home. Both of them are placed on eight points each and have an outside chance of qualifying for the playoffs still.

Predicted Playing XI 

Punjab Kings: Jonny Bairstow, Ashutosh Sharma, Shashank Singh, Sam Curran (c), Rilee Rossouw, Jitesh Sharma (wk), Harpreet Brar, Harshal Patel, Rahul Chahar, Kagiso Rabada, Arshdeep Singh

Royal Challengers Bengaluru: Virat Kohli, Faf du Plessis (c), Glenn Maxwell, Cameron Green, Will Jacks, Swapnil Singh, Karn Sharma, Dinesh Karthik (wk), Mohammed Siraj, Yash Dayal, Vijaykumar Vyshak

Key Players to Watch Out 

Sam Curran (Punjab Kings)

Sam Curran holds the key with both the bat and the ball for PBKS, having scored 185 runs and picking 13 wickets in 11 matches. His captaincy has been critical in moments too, but the all-rounder will have to be at the top of his game in all departments for the rest of the campaign.

Virat Kohli (Royal Challengers Bengaluru)

Virat Kohli has notched 542 runs in 11 matches at an average of 67.75 and stroke rate of 148.09, with the help of four half-centuries and a solitary ton. He’s the leading run-scorer in the competition currently.

Pitch Report

The average first innings score in T20Is on this ground is 137, however, a fairly higher scoring encounter could be on the cards on Thursday.

Where to Watch

The match will be live streamed on the JioCinema application, whereas it will be simultaneously telecast on the Star Sports Network.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

M2 iPad Air vs M1 iPad Air — what’s new?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Apple on Tuesday, May 7, unveiled the latest iPad Air at its ‘Let Loose’ event. The new iPad Air feels both fresh and dated, with some design changes and a brand new chip. Let’s take a look at what’s new in the 6th Gen iPad Air as compared to its predecessor, which has now been officially discontinued by Apple.

Let’s begin with the 11-inch display variant. Apple has shaved off a millimetre from the bezels of the new iPad Air, making it a proper 11-inch display. The M1 Pad Air had a 10.9-inch display. The new iPad Air starts at ₹59,900, the same as the previous generation. For the first time, it also comes in a 13-inch display variant, which starts at ₹79,900.

The new Air is also equipped with the M2 chipset, which has an 8-core CPU with four performance cores and four efficiency cores — the same as M1. However, M2 comes with 10 GPU cores compared to M1’s eight. Both chips have a 16-core neural engine and come with 8 GB of RAM.

The most significant change in the new iPad Air is the landscape front-facing camera, which finally brings it up to speed with its Android competitors. The new placement of the camera makes it better for video calls. Both the iPad Air models come with touch ID embedded in the power button.

The base storage too has doubled — where the M1 iPad Air came with 64 GB of storage, the new Air starts at 128 GB.

That’s it for the changes. Everything else remains the same, physically. Both models measure 9.74×7.02×0.64 inches (height, width, and thickness). The new iPad Air is heavier by 1 gram at 462 grams.

The battery life too is identical, with Apple promising “up to 10 hours of surfing the web on WiFi or watching video, and up to 9 hours of surfing the web using cellular data network.”

The new iPad Air packs other, minor improvements, such as support for WiFi 6E as against WiFi 6, support for Smart HDR 4 for photos, Bluetooth 5.3 as against Bluetooth 5.0, and support for the new Apple Pencil Pro.

Also read: Apple unveils new OLED iPad Pro with M4 chip, iPad Air and Apple Pencil Pro

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Here’s how Jake Fraser McGurk inspired Delhi Capitals and their hopes of qualifying for IPL 2024 playoffs

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Australian opener Jake Fraser McGurk provided a power-packed start to the Delhi Capitals (DC) innings by smashing 50 off 20 deliveries in their clash against the Rajasthan Royals (RR) at the Arun Jaitley Stadium on Tuesday (May 7).

McGurk was roped in by DC as a replacement for speedster Lungi Ngidi in March for his base price at ₹20 lakhs. Against RR, he powered the Capitals to a formidable start by hammering seven boundaries and three maximums, before being dismissed by Ravichandran Ashwin in in the fifth over. However, DC had already put up 50 on the board till then, reaping rich rewards of Jake’s proactive batting approach.

Accordingly, Jake has become the batter with the most half-centuries in the IPL scored under 20 deliveries, having achieved this feat thrice in the current campaign.

DC endured a difficult start to the season, with a misfiring batting unit troubling their cause. However, they recovered that momentum and have secured five victories in 11 matches so far, a lot of which is down to their aggressive approach at the top.

Also Read: MS Dhoni muscle tear: Former Team India captain has overcome these 5 injuries

In seven games, the batter has scored 309 runs at an average of 44.14, recording a strike rate of over 230, with the help of four half-centuries. Regardless of his incredible form, he was overlooked for the Australian squad for the T20 World Cup, with skipper Mitchell Marsh offering an explanation for the same back home.

“Jakey is an outstanding talent. I think you know the way he’s taking on the IPL, he’s taken it by storm, they’re all loving him, and certainly, the Delhi crew are enjoying his company and enjoying what he brings to the team and there’s no doubt that he’s going to have a huge future, wherever he plays,” Marsh told Australian radio station SEN.

He added, “But we feel like we’ve got all bases covered within our team. Heady and David Warner have been fantastic for us, not only for a long period of time but over the last 18 months building towards this (T20) World Cup. We’re really comfortable that we’ve got the right 15, to hopefully take us deep into the (T20) World Cup.”

Will the 22-year-old inspire DC to a surprise playoffs qualification this time around? Only time will tell.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

DC vs RR Preview, IPL 2024: Riyan Parag, Jake Fraser-McGurk in focus as playoffs race heats up

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Delhi Capitals (DC) will host Rajasthan Royals (RR) at the Arun Jaitley Stadium in New Delhi in their Indian Premier League (IPL) 2024 fixture on Tuesday.

DC lost their last match against the Kolkata Knight Riders (KKR) by seven wickets, whereas RR fell short of the Sunrisers Hyderabad (SRH) target by a solitary run in their previous clash.

Also Read: Pat Cummins: Australia will qualify for T20 World Cup semi-finals, don’t care who else makes the cut

RR are placed second in the points table, whereas DC are sixth in the table with five points from 11 matches so far.

Predicted Playing XI 

Delhi Capitals: Prithvi Shaw, Jake Fraser-McGurk, Shai Hope, Tristan Stubbs, Rishabh Pant (wk/c), Abishek Porel, Axar Patel, Kuldeep Yadav, Mukesh Kumar, Anrich Nortje, Khaleel Ahmed

Rajasthan Royals: Yashasvi Jaiswal, Jos Buttler, Sanju Samson (wk/c), Riyan Parag, Dhruv Jurel, Shimron Hetmyer, Rovman Powell, Ravichandran Ashwin, Trent Boult, Avesh Khan, Sandeep Sharma

Key Players to Watch Out 

Tristan Stubbs (Delhi Capitals) 

Tristan Stubbs has notched 277 runs in 11 games, batting at an average and strike rate of 55.40 and 185.91 with the help of two half-centuries. He has hit 18 fours and 19 sixes in the current campaign so far.

Riyan Parag (Rajasthan Royals)

Riyan Parag has scored 409 runs in 10 matches in IPL 2024, batting at an average and strike rate of 58.43 and 159.14 respectively, with the help of four half-centuries.

Pitch Report 

The average first innings score in T20Is on this ground is 139, but traditional trends have gone for a toss due to the Impact Player rule in this season.

Where to Watch 

The match will be live streamed on the JioCinema application and simultaneously telecast on the Star Sports Network at the aforementioned time.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

181 academicians, VCs accuse Rahul Gandhi of spreading falsehood over appointment process

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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As many as 181 academicians, including vice chancellors (VC)and former VCs, have accused Congress leader Rahul Gandhi of spreading “falsehood” regarding the appointment process for university heads. They slammed Gandhi’s allegations that vice chancellors are appointed solely on the basis of affiliation with some organisation rather than merit.

In an open letter slamming Gandhi’s claims, they said the process by which VCs are selected is characterised by stringent and transparent rigorous procedure grounded in the values of meritocracy, scholarly distinction and integrity. The selection has been completely based on academic and administrative prowess and with a vision to take universities ahead, they said.

“Rahul Gandhi has resorted to falsehood and has defamed the Office of the Vice Chancellors at large with the intent to derive political mileage out of it. It is, therefore, earnestly prayed that appropriate action be taken against him forthwith in accordance with law,” they said.

They said universities in India have undergone a significant transition as evident in their ascent in global rankings, prominent accreditations, world class research and innovations, curriculum facelift narrowing the industry academia gap and higher placement prospects reaffirming their commitment to academic quality and societal relevance.

“The array of academic disciplines and professional experiences represented amongst us stands as evidence of the unbiased and inclusive nature of the selection procedure,” they said. The academics said in their letter that as guardians of knowledge and administrators of academia, they maintain an unwavering commitment to maintaining the utmost levels of governance integrity, ethical behaviour, and institutional integrity.

Urging everyone involved to exercise discernment in distinguishing fact from fiction, to abstain from spreading unfounded rumours, they called for dialogue that is well-informed, constructive, and supportive of their shared goal of creating a dynamic and inclusive educational environment.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

PM Modi likely to lead roadshow in Bhubaneswar on May 10

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Prime Minister Narendra Modi is likely to lead a roadshow in Bhubaneswar on May 10, party leader Aparajita Sarangi said on Saturday. In a post on X, Sarangi, the MP of Bhubaneswar, urged the people to extend a grand welcome to the prime minister.

The roadshow will cover three assembly segments in the city — Ekamra-Bhubaneswar, Bhubaneswar North and Bhubaneswar Central. It will begin at Fire Station Square around 9 pm and culminate at Jayadev Vihar. Sarangi is seeking a re-election from the Bhubaneswar Lok Sabha constituency.

She held a meeting with the party’s candidates for the seven assembly seats that form the Bhubaneswar Lok Sabha constituency and discussed the preparations for the roadshow. Meanwhile, the PM is scheduled to address election rallies in Berhampur and Nabarangpur on Monday.

State BJP vice-president Golak Mohapatra said he is scheduled to arrive in Bhubaneswar on Sunday night. Berhampur, Nabarangpur, Kalahandi, and Koraput will go to the polls on May 13, while Bhubaneswar will vote on May 25. Police said elaborate security arrangements have been made in Bhubaneswar for the PM’s latest visit.

DCP Prateek Singh said the PM will land at the Bhubaneswar airport at 9.30 pm on Sunday, and then he will head to the Raj Bhavan where he will spend the night.

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

India widens spices crackdown with nationwide checks on all manufacturers

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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India’s food safety regulator said on Thursday, May 2, it had ordered nationwide testing and inspections at all companies making spice mixes, widening a crackdown on the sector as global regulators investigate contamination issues with two popular local brands.

In April, Hong Kong suspended sales of three spice blends made by India’s MDH and an Everest spice mix for fish curry. Singapore ordered a recall of the same Everest mix as well, flagging high levels of ethylene oxide, which is unfit for human consumption and a cancer risk with long exposure.

MDH and Everest products are hugely popular in India and also sold in Europe, Asia and North America, and the companies have said they are safe. Still, US and Australian food authorities said they are gathering more information on the matter, and India had already ordered testing of the two brands’ products.

The Indian regulator has now ordered officials to conduct “extensive inspections, sampling and testing at all the manufacturing units” for powdered spices, with a focus on those making curry powders and mixed spice blends for local and foreign sales.

“Each of the product sampled will be analysed for the compliance with quality and safety parameters,” the Food Safety and Standards Authority of India said in a statement.

The agency added checks would also be made for any presence of ethylene oxide, whose use is banned in India, and “appropriate actions will be initiated as fit” after testing was completed.

India is the world’s biggest exporter, producer and consumer of spices, and its domestic market for the products was valued at $10.44 billion in 2022, according to Zion Market Research.

Beyond MDH and Everest, other major manufacturers include Madhusudan Masala, NHC Foods and consumer giants Tata Consumer Products and ITC.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

‘Sarabhai vs Sarabhai’ and ‘Anupamaa’ actress Rupali Ganguly joins BJP in Delhi

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Actor Rupali Ganguly on Wednesday joined the Bharatiya Janata Party (BJP) at the party headquarters in the national capital. Addressing the reporters after joining the party, she spoke positively of Prime Minister Narendra Modi and how she was encouraged to join the BJP.

“I’m so honoured to be here. Prime Minister Narendra Modi has influenced me a lot. I am a big fan of Prime Minister Modi. BJP has been doing great work and therefore I wanted to join the party. I am very thankful to the party,” she said.

She joined the saffron party in the presence of Vinod Tawde and Anil Baluni in Delhi.

“…When I see this ‘Mahayagya’ of development, I feel that I should also take part in this,” she added, seeking people’s blessings and support for her new journey.

#WATCH | Actress Rupali Ganguly joins BJP at the party headquarters in Delhi. pic.twitter.com/CjRafwFd3W

— ANI (@ANI) May 1, 2024

Ganguly is best known for playing the titular role in the popular TV show ‘Anupamaa’. Besides this, she has appeared in shows like ‘Sanjivani: A Medical Boon’, ‘Sarabhai vs Sarabhai’, ‘Kahaani Ghar Ghar Kii’, ‘Yes Boss’, ‘Bigg Boss 1’, ‘Fear Factor: Khatron Ke Khiladi 2’ and others.

While she has started her journey in politics, Ganguly is yet to confirm whether she is planning to contest the ongoing 2024 Lok Sabha elections.

She has joined the league of actors Kangana Ranaut, Arun Govil, and others who joined the saffron party in recent months.

Her entry into the BJP comes after she met Prime Minister Modi in March earlier this year. Back then, she shared on Instagram details about their meeting.

“… 8th March 2024 will go down as one of the most memorable and cherished days of my life! A day, I will not stop reliving in my mind and feeling euphoric about it!It was the day my dream came true…that of meeting our Honourable PM Shri Narendra Modiji @narendramodi,” she wrote on the social media site.

Calling it a “fan girl moment,” she stated that PM Modi‘s name fills every Indian’s heart with “pride, and standing beside him, I couldn’t be prouder.”

The 2024 general elections in the country started on April 19 and will go on until June 1. The counting of votes will be held on June 4.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

April Auto Sales LIVE Updates: Bajaj Auto’s sales up 17% YoY, Mahindra sees 13% rise

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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April Auto Sales LIVE Updates: Some automobile companies reported their April sales numbers. With waiting periods in the cars or passenger vehicles segment going down, modest growth is expected in the segment. In contrast, two-wheelers are likely to have witnessed good growth on the back of marriage season, according to analysts. The truck segment shall see mid-single-digit growth, analysts indicated.

Here’s how the leading automakers in India performed in April:

Bajaj Auto

Bajaj Auto reported a rise in sales that surpasses estimates, primarily driven by a robust domestic performance. The total sales have seen a year-on-year (YoY) increase of 17%, reaching 3.88 lakh units.

The domestic sales have matched the total sales growth, with a 17% YoY increase, amounting to 2.49 lakh units. However, the company’s exports, while up by 18% YoY at 1.39 lakh units, have remained a concern as they were lower than the estimates.

Mahindra & Mahindra

Mahindra & Mahindra (M&M) reported a higher than estimated increase in sales. The total auto sales have seen a year-on-year (YoY) rise of 13%, reaching 70,471 units.

The SUV segment continues to lead the auto sales, with an 18% YoY increase, amounting to 41,008 units. This growth in the SUV segment has significantly contributed to the overall rise in auto sales. Meanwhile, the company’s tractor sales have also seen a modest YoY increase of 2%, with 37,039 units sold.

Ashok Leyland

Commercial vehicle manufacturer Ashok Leyland announced a 10% rise in total wholesale figures for April, reaching 14,271 units. This is an increase from the 12,974 units sold in the same month the previous year. The company’s domestic sales also saw a growth of 9%, with 13,446 units sold last month, compared to 12,366 units in April 2023.

In the medium and heavy commercial vehicle segment, the domestic market witnessed a 16% increase in sales. The company sold 8,611 units, a significant rise from the 7,422 units sold in the same month last year. However, the light commercial vehicle segment experienced a slight dip of 2% in sales, with 4,835 units sold, down from 4,944 units in the corresponding month the previous year.

Hero MotoCorp

Hero MotoCorp reported sales of 533,585 motorcycles and scooters in April 2024, a significant increase of 34.7% compared to April 2023, when it sold 396,000 units. This also represents a sequential growth of 9% over March 2024, during which the company sold 490,415 units.

Honda Cars India

Honda Cars India has reported a significant 42% increase in sales for April, selling 10,867 units compared to 7,676 units in the same month last year. The company’s Vice President (Marketing & Sales), Kunal Behl, attributed the lower production volumes in April to the transition of Elevate and City production to six-airbag standard variants.

In the domestic market, the automaker sold 4,351 units last month, a decrease from the 5,313 units sold in April the previous year. However, overseas sales saw a substantial increase, with 6,516 units sold compared to 2,363 units in April last year.

Behl highlighted the significant role of the Elevate model in boosting the company’s export volume, which grew by a remarkable 175% over the same period last year. The dispatches were aligned with the planned production volumes, he added.

Royal Enfield

Royal Enfield, the motorcycle manufacturer, has reported a 12% increase in total sales for April, with 81,870 units sold compared to 73,136 units in the same month the previous year.

The company’s domestic sales saw a 9% rise, with 75,038 units sold last month, up from 68,881 units in the year-ago period.

Meanwhile, Royal Enfield’s exports experienced a significant 61% increase, with 6,832 units exported last month, a substantial rise from the 4,255 units exported in April the previous year.

Maruti Suzuki India

Maruti Suzuki India (MSI) has reported a 4.7% increase in total sales for April, with 1,68,089 units sold compared to 1,60,529 units in the same month the previous year.

Domestic passenger vehicle sales remained steady, with 1,37,952 units sold last month, slightly up from 1,37,320 units in the year-ago period. However, sales of mini segment cars, including the Alto and S-Presso, saw a decline, with 11,519 units sold as against 14,110 units in April the previous year.

Sales of compact cars, such as the Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR, also experienced a drop, with 56,953 units sold last month compared to 74,935 units in the year-ago month. In contrast, utility vehicles, including the Brezza, Ertiga, S-Cross, and XL6, saw an increase in sales, with 56,553 units sold last month, up from 36,754 units the previous year.

Hyundai Motor India

Hyundai Motor India has reported a 9.5% year-on-year increase in total sales for April, with 63,701 units sold compared to 58,201 units in the same month the previous year.

Domestic sales saw a modest 1% increase, with 50,201 units sold last month, up from 49,701 units in the year-ago period. This marks the fourth consecutive month of domestic sales exceeding 50,000 units, according to Hyundai Motor India’s COO, Tarun Garg.

Meanwhile, exports experienced a significant 59% increase, with 13,500 units exported in April this year, a substantial rise from the 8,500 units exported in April the previous year. Garg highlighted the role of models like the Creta, Venue, and Exter in driving growth, with SUVs contributing to 67% of the automaker’s domestic sales.

Toyota Kirloskar Motor

Toyota Kirloskar Motor has reported a 32% year-on-year increase in total sales for April, with 20,494 units sold compared to 15,510 units in the same month the previous year. The company’s domestic sales accounted for the majority of these sales, with 18,700 units sold last month. Meanwhile, exports totalled 1,794 units.

This growth was achieved despite a week-long maintenance shutdown from April 6, which was necessary for the upkeep of machinery and equipment to sustain operational efficiencies, productivity, and safety, according to the company.

MG Motors India

MG Motors India has reported a slight 1.45% year-on-year decline in retail sales for April, with 4,485 units sold compared to 4,551 units in the same month the previous year.

The company highlighted the significant role of its electric vehicle (EV) portfolio, which contributed to 34% of the total units sold during this period.

Ola Electric

Ola Electric has expanded its market share to over 50% in April, selling 33,934 electric two-wheelers, despite a broader 52% slump in overall EV two-wheeler sales to 64,013 units from the preceding month, according to data from the Vahan website.

This overall decline in sales is attributed to April being a seasonally slow sales period and demand tapering down post-festive season. However, Ola Electric’s sales have also come down by 34.8% month-on-month. Last year in April, Ola Electric sold nearly 22,068 units.

TVS Motor sales up 25% in April at 3,83,615 units

TVS Motor Company on Wednesday said its total sales increased 25% year-on-year to 3,83,615 units in April 2024 as compared with the same month last year. The company had dispatched 3,06,224 units to its dealers in the same month last year, TVS Motor Company said in a statement.

Total two-wheeler sales last month stood at 3,74,592 units as against 2,94,786 units recorded in April 2023. Two-wheeler sales in the domestic market grew by 29 per cent to 3,01,449 units last month from 2,32,956 units in April 2023.

Total exports registered a growth of 12% with sales increasing from 71,663 units in April 2023 to 80,508 units last month. Three-wheeler sales declined to 9,023 units in April 2024 from 11,438 units in the same month last year.

Eicher Motors

Eicher Motors’ total VE Commercial Vehicles sales fall 18.1% to 5,377 units against 6,567 units in the previous year.

Atul Auto

Atul Auto’s total sales in April rose to 1,692 units, up from 715 units in the corresponding month a year ago.

Tata Motors sales rise 11.5% to 77,521 units in April

Tata Motors on Wednesday said its total wholesales rose 11.5% year-on-year to 77,521 units last month as compared with 69,599 units in April 2023. The company’s total domestic dispatches rose 12% to 76,399 units last month as against 68,514 units in April 2023, the auto major said in a statement. Total passenger vehicle sales rose 2% to 47,983 units last month from 47,107 units in April 2023. Total commercial vehicle sales stood at 29,538 units last month, a jump of 31% as compared to 22,492 units in April 2023.

April #AutoSales | Tata Motors

⚡️Total Sales Up 11.4% At 77,521 Units Vs 69,599 Units (YoY)

⚡️Total PV Sales Up 2% At 47,983 Units Vs 47,107 Units (YoY) pic.twitter.com/jpclWWEj6O

— CNBC-TV18 (@CNBCTV18Live) May 1, 2024

Escorts Kubota

Escorts Kubota reported a year-on-year decline in the total tractor sales in April. The domestic tractor sales came at 7,168 units, 1.2% lower than 7,252 units sold in April 2023.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow