Kansai Nerolac Paints (KNPL), the paint company in India, on Friday at the Board meeting announced its unaudited results for the first quarter of financial year 2023-24. For the quarter, the company declared Net revenue of Rs. 2071.2 crore, a growth of 6.5 per cent over the corresponding quarter of the previous year. The earnings […]
The Federation of Automobile Dealers Associations (FADA), the leading body of automobile retail in India, on Thursday submitted a critical representation to the Goods and Services Tax (GST) Council, urging an immediate reduction in the GST rate on two-wheelers from the current 28 per cent to 18 per cent. This timely and decisive intervention is […]
Electric passenger vehicle market share doubled in March 2023. According to the Federation of Automobile Dealers Association (FADA), the year-on-year (YoY) market share of electric passenger vehicles has doubled to 2.6 per cent in March, against 1.3 per cent in March 2022. FADA is the apex national body of the automobile retail industry in India […]
Automobile retail sales in India witnessed double-digit growth of 16 per cent in February, the Federation of Automobile Dealers Associations (FADA) said on Monday. All categories also witnessed double-digit growth with 2-wheeler, 3-wheeler, passenger vehicle, tractor and commercial vehicles growing by 15 per cent, 81 per cent, 11 per cent, 14 per cent and 17 […]
