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GST revenues rise 11% to Rs 1.46 lakh cr in Nov

GST revenues rise 11% to Rs 1.46 lakh cr in Nov

GST revenues rose by 11 per cent to about Rs 1.46 lakh crore in November over the year-ago period, the Finance Ministry said on Thursday. This is the ninth straight month when collections from Goods and Services Tax (GST) has remained above Rs 1.40 lakh crore. The gross GST revenue collected in the month of [...]
Skoda reports two-fold increase in November sales

Skoda reports two-fold increase in November sales

Skoda Auto India on Thursday reported two-fold increase in sales for November 2022 at 4,433 units. The company had sold 2,196 units in the same month last year. "We have doubled our annual sales this year, over 2021, with a big month of December still to go," Skoda Auto India Brand Director Petr Solc said [...]
Bajaj Auto sales dip 19% in November

Bajaj Auto sales dip 19% in November

Bajaj Auto on Thursday reported a 19 per cent decline in total sales at 3,06,552 units in November, compared to 3,79,276 units in the same month a year ago. Total sales in the domestic market stood at 1,52,716, down 4 per cent from 1,58,755 units in the same month last year, the company said in [...]
Hyundai logs 36% increase in total sales in Nov

Hyundai logs 36% increase in total sales in Nov

Hyundai Motor India on Thursday reported 36 per cent increase in total sales at 64,004 units for November 2022. The company had dispatched 46,910 units to dealers in the same month last year. Domestic sales were up 30 per cent to 48,003 units as against 37,001 units in November last year, the company said in [...]
MG Motor retail sales up 64% in Nov at 4,079 units

MG Motor retail sales up 64% in Nov at 4,079 units

MG Motor India on Thursday said its retail sales increased by 64 per cent on a year-on-year basis to 4,079 units in November. The automaker had sold 2,481 units in the same month last year. MG Motor India sells models like Hector, Astor and ZS EV in the domestic market. PTI MSS DRR
Toyota Kirloskar sales dip 10% in Nov

Toyota Kirloskar sales dip 10% in Nov

Toyota Kirloskar Motor (TKM) on Thursday said its wholesales declined by 10 per cent to 11,765 units in November 2022. The company had sold 13,003 units in the domestic market in the year-ago period. TKM has discontinued compact SUV Urban Cruiser and also paused bookings for diesel version of Innova which impacted its overall dispatches [...]
Ashok Leyland sales up 39% to 14,561 units in November

Ashok Leyland sales up 39% to 14,561 units in November

Hinduja flagship firm Ashok Leyland on Thursday reported 39 per cent increase in total commercial vehicle sales at 14,561 units in November 2022. The company had dispatched 10,480 units to its dealers in the same month last year, Ashok Leyland said in a statement. Domestic sales were up 46 per cent at 13,654 units, against [...]
Adani Green raises JPY 27,954 million through subsidiary

Adani Green raises JPY 27,954 million through subsidiary

Adani Green Energy Ltd on Thursday said it has raised 27,954 million Japanese Yen (around Rs 1,630 crore) through its subsidiary Adani Solar Energy AP Six to refinance its existing indebtedness. The project loan facility is supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation, a company statement said. “This is an [...]
India’s GDP growth slows to 6.3% in Q2

India’s GDP growth slows to 6.3% in Q2

India's economic growth slowed to 6.3 per cent in the September quarter of 2022-23 compared to 13.5 per cent in the preceeding three months mainly on account of contraction in output of manufacturing and mining sectors, according to government data released on Wednesday. Slower GDP expansion nothwithstanding, India continues to remain the fastest-growing major economy [...]