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EV retail sales at all-time high of 3,06,220 units in June, penetration cross 12 pc: FADA
Electric vehicle retail sales in India reached an all-time high of 3,06,220 units in June. This growth pushed overall EV penetration past twelve percent for the first time, says the Federation of Automobile Dealers Associations. The two-wheeler segment led this surge, registering substantial year-on-year increases. Electric passenger and commercial vehicles also saw their best-ever months. Electrification has now moved decisively into the mainstream of Indian auto retail.
June Auto Sales Live: Ola Q1 Registrations Double, M&M Sales Jump 37%, Maruti Suzuki In Focus
June Auto Sales Live: Major automakers are set to release monthly sales data on Wednesday, July 1.
Markets ahead: West Asia tensions, crude prices key factors to watch out
Developments on the geopolitical front, with the latest military exchanges involving the US and Iran, their impact on crude oil prices and domestic macroeconomic data announcements would dictate sentiments in the stock market this week, analysts said. Besides, trading patterns of foreign investors and progress of the southwest monsoon would also remain the key areas of focus for investors, they added. "Market participants will closely monitor Industrial Production (IIP) data, the final HSBC Manufacturing, Services and Composite PMI readings, and the foreign exchange reserves data for fresh insights into the health of the domestic economy," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Globally, the trajectory of crude oil prices and geopolitical developments in West Asia will remain key drivers of market sentiment, he said. The monthly auto sales numbers on July 1 will also be tracked by investors closely. "The week ahead is likely to be shaped by developments on the ..
May Auto Sales: Maruti Suzuki reports highest ever figures for the month, beats expectations
According to the Maruti Suzuki India, May marked its highest-ever monthly sales volume, with domestic sales also reaching an all-time high of 1,93,535 units, including light commercial vehicles.
Trump Delays Iran Deal, Oil Jumps 2% | Wockhardt shares in focus on new drug approval | Opening Bell
Global markets remain on edge as Trump signals no rush for an Iran deal, oil prices climb above $93, and investors await RBI policy cues. FIIs continue selling while auto sales, Wockhardt, and geopolitical tensions stay in focus. Catch all the key triggers on Opening Bell.