Passenger vehicle makers to invest Rs 65,000 crore by FY25: Report ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 41
Passenger vehicle makers are expected to invest around Rs 65,000 crore by FY25 to ramp up production capacities to cater to enhanced demand, rating agency Icra said on Monday. It stated that the demand for passenger vehicles has remained healthy since the turn of the calendar year, aided by strong underlying demand and an easing up of semiconductor shortages. The passenger vehicle industry wholesale volumes are expected to touch an all-time high of 3.7-3.8 million units in FY23, a growth of 21-24 per cent over the previous fiscal, driven by robust demand, it added. With ease in supply chain constraints and semiconductor shortage, capacity utilisation of the OEMs (Original Equipment Manufactu

Read More Details
Finally We wish PressBee provided you with enough information of ( Passenger vehicle makers to invest Rs 65,000 crore by FY25: Report )

Apple Storegoogle play

Also on site :



Latest News

Trump says U.S. attacked three Iran nuclear sites

before 3 hours & 51 minute

Banks Drop the Climate Pretense and Follow the Money

before 5 hours & 16 minute

The AI Breakthrough Breathing Fresh Life Into EV Batteries

before 7 hours & 16 minute

Brazil's Contradictory Stance on Climate and Fossil Fuels

before 9 hours & 15 minute

Tesla's driverless robotaxi pilot arrives this weekend — with training wheels

before 9 hours & 31 minute

Flipster und Aptos Foundation kooperieren, um die Verbreitung von Stablecoin zu fördern und Multichain-Gelegenheiten zu erschließen

before 10 hours & 58 minute

How Development Banks Could Unlock Billions for Renewable Energy

before 11 hour & 14 minute

Flipster et la Fondation Aptos s'associent pour favoriser l'adoption des stablecoins et débloquer des opportunités multichaînes

before 11 hour & 15 minute

Acki Nacki Partners With Top Casters For Live Popit Games Final

before 12 hour & 10 minute

The UK Is Betting Big on Nuclear Power

before 13 hour & 18 minute

Shokz Support 5 Pro Athletes Competing In The 2025 Western States Endurance Run

before 16 hour & 13 minute

Trump and GOP’s tax bill would sell off USPS’s brand-new EVs

before 17 hour & 6 minute

William Stern's Cardiff Redefines Working Capital for Small Businesses

before 17 hour & 9 minute

Nigeria: UK Court Rules Against Shell Over Nigerian Oil Spill

before 17 hour & 25 minute

A lesson for the West? Japan was better prepared than most for China’s rare-earth mineral squeeze

before 20 hour & 4 minute