Expected to witness a swift recovery in financials during the second half of the fiscal on the basis of a recovery in Indian operations and continued expansion in the European market, Apollo Tyres has reported a 270.5 per cent year-on-year increase in consolidated net profit of Rs.289 crore for the quarter ending 31 March, 2021. It is bullish about a[Read More…]
Madhav runs a fleet of four Tata Ace in Pune. He pilots one of the vehicles whereas the other three are piloted by his band of drivers. All the vehicles operate in the industrial belts in and around the city, ferrying industrial goods among others. The current lockdown in Pune in view of the spike Covid infections has affected Madhav’s[Read More…]
The series of fuel price hikes have added to transporter challenges. The May 11, 2021, fuel price hike pushed petrol beyond Rs.100 per litre at Parbhani in Maharashtra, and diesel within brushing distance of Rs.90 per litre. Adding to transporter challenges, the trend continues with petrol costing Rs.98.88 per litre in Mumbai and diesel costing Rs.90.40 per litre respectively at[Read More…]
The year 2020 was an extraordinary year for the CV industry. A black swan event for the Indian and world economy, FY2020-21 saw cataclysmic ramifications across businesses, sectors and human lives. Transitioning to BSVI that pushed the prices of vehicles up by 18 to 20 per cent, the CV industry, in FY2020-21 had to deal with the massive body blow[Read More…]
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