Auto Retail Sector Grows 13.84% Y-O-Y

07 Aug 2024 CW Team

The auto retail sector has experienced a significant boost, with sales increasing by 13.84% year-over-year (Y-O-Y) to 20.34 lakh units in July 2024. This growth reflects a strong recovery and heightened consumer demand in the automotive market.

The notable rise in sales is attributed to several factors, including improved consumer confidence, favorable financing options, and the launch of new vehicle models. The increase highlights a positive trend in the sector, as consumers continue to invest in automobiles despite broader economic uncertainties.

Key segments contributing to this growth include both passenger and commercial vehicles. The demand for electric and hybrid vehicles has also seen an uptick, reflecting a shift towards more sustainable automotive solutions.

The robust performance in July 2024 follows a period of fluctuating sales, marking a rebound for the industry. Industry stakeholders view this growth as a sign of a strengthening market and are optimistic about continued momentum in the coming months.

Overall, the 13.84% Y-O-Y increase in auto retail sales underscores the sector's resilience and its role in driving economic activity. The trend suggests a vibrant automotive market with strong consumer interest and potential for further expansion.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..