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Deficit rainfall trips tractor segment, gets auto sector worked up
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₹10,397.95 apiece on Friday. Further, it helps that the supply chain constraints are easing in the passenger vehicle industry.
This has aided in the reduction of the waiting period for key models. For instance, analysts at Nomura Financial Advisory and Securities (India) note that the Thar model of M&M had a waiting period of 12 to 16 weeks in July.
This has fallen to 8 to 12 weeks in August, according to Nomura. Overall, more clarity regarding the demand environment will emerge with the release of the retail volume data by Federation of Automobile Dealers Association.
Read more on livemint.comAbout this in other media
Delhi weather update IMD predicts rainfall to continue over the next 5 days. See full forecast livemint.com /1 year ago
Delhi-NCR experiences sudden heavy rainfall accompanied by gusty winds economictimes.indiatimes.com /1 year ago
India's trade deficit may surge on rising gold imports, festive buying livemint.com /1 year ago
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