India’s Ok-shaped financial restoration from the pandemic slowdown is seen in company outcomes as properly.
The automotive sector, which represents giant consumption, continues to carry out properly and has elevated its share in company revenues and income, whereas FMCG corporations that promote low-cost shopper items are experiencing weak gross sales and revenue progress. .
The share of the auto sector, together with auto accent makers, in company web gross sales rose to a 10-quarter excessive of 10.05 per cent throughout July-September 2023 (Q2FY24) from 8.94 per cent a 12 months earlier and 9.9 per cent. 75 per cent in Q1FY24.
First printed: November 19, 2023 | 11:50 pm he
(Indicators for translation) Automakers