FADA has found that at the overall industry level, viability Is the biggest concern of auto dealers across all segments of the Industry. Dealers attach a high importance of 27% on business viability, where OEMs need to exhibit greater sensitivity, particularly since the current satisfaction level on this factor is weak.
Credit availability has always been a challenge for MSMEs, however, lack of it also deprives them of digital infrastructure. ETBFSI highlights and discusses the factors that the MSME sector needs to overcome to harness the economic opportunities through digitalisation and value-driven and sustainable growth.
According to the Society of Manufacturers of Electric Vehicles, the e-two wheeler category which sold 1,43,000 units in FY20-21, sold a mere 25,000 units in Q1 of this fiscal due to the Covid induced second wave lockdown. But in the nearly five weeks since the new subsidies made mid-range and premium e-two wheelers like the Hero Optima, Okinawa Praise Pro and Ather 450X and the Ampere Magnus and Zeal cheaper by Rs 18,000-Rs 20,000, the creamy layer of the market has seen a boom.
The company has developed two versions of BS-VI Fi platforms: namely, RT-Fi (Race Tuned Fuel injection) and ET-Fi (Ecothrust Fuel injection).
Although the pandemic has affected firms of all sizes, but SMEs have been more vulnerable.
The TVS iQube Electric is a green and fun-to-ride urban scooter. It is powered by a next-gen TVS SmartXonnect platform with an advanced electric drivetrain.
"Having successfully worked together for over five decades, ZF will continue its technology license and supply agreements with Brakes India," Brakes India said in a statement.
It may be noted that during May 2021 auto plants and dealers were forced to shut down due to the Covid-19 second wave in the country. This impacted the entire two-wheeler industry which has been on an overall month-on-month decline in the domestic sales volumes.
“Both factories will only start functioning fully from June 1 onwards,” said CITU state president A Soundararajan. When contacted, the Apollo Tyre spokesman said: “The Oragadam plant is operational with less than 50% workforce and following all safety protocols.” JK did not comment.
While strong quarterly growth in the last fiscal comes on the back of robust two-wheeler sales in the domestic and international markets, key factors such as good product mix, higher demand for premium scooters and bikes, improved export volumes and material cost reduction efforts contributed to improved operating margins.
Top companies have factories in the state, include Tata Motors, LG Electronics, Bajaj Auto, Mercedes-Benz, Mahindra & Mahindra, Whirlpool, Jeep, Volkswagen and Skoda, apart from a large number of component and ancillary suppliers across industry segments.
The Crisil Ratings credit ratio (upgrades to downgrades) scaled to 1.33 in the second half of fiscal 2021 - with upgrades and downgrades at 294 and 221, respectively - from a decadal low of 0.54 in the previous half, as demand recovery strengthened and GDP growth returned to positive territory in the third quarter.
Venu Srinivasan, Chairman of TVS Motor Company, will become Chairman Emeritus effective January 2023, and Sir Ralf will succeed him as Chairman, the company said in a statement.
The Single-Channel ABS variant of the motorcycle will offer three ride modes, adjustable suspension and adjustable levers. The motorcycle is also available in Dual-Channel ABS variant with the same set of features and ride modes.
The company has also sold its entire stake aggregating 100% of Optionally Convertible Redeemable Preference Shares in Auto Digitech Private Limited (ADPL), a wholly-owned subsidiary of MFCS, for a consideration of Rs 13.5 crore to TVS Automobile Solutions.
This challenge in the supply chain can be mitigated with effective technology-based planning, according to a recent EY India report titled ‘Semiconductor supplies hitting vehicle sales: How Supply Chain challenges can be effectively managed through Digital Technology & Solutions for planning’.
The agency will be responsible for the social media campaigns of the TVS StaR City+, TVS Sport, and TVS Jupiter brands...
The country’s trade balance has also benefited from reduced imports from China as well as lower oil prices.
In the top ten two-wheeler chart, Hero held three positions while Honda, Bajaj and TVS had two each and Suzuki one.
According to credit data released by TU Cibil, MSME loans disbursed in urban, semi-urban and rural regions for June is over 3 times that of February and was at 1.9 times for metro regions.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Subramaniam Santhanakrishnan | Unlock to View | Unlock to View | Director | 29 Jul,2015 |
| Sudarshan Venu | Unlock to View | Unlock to View | Director | 23 Jun,2015 |
| Sasikala Varadachari | Unlock to View | Unlock to View | Director | 30 Mar,2015 |
| Vedanthachari Srinivasa Rangan | Unlock to View | Unlock to View | Director | 26 Sep,2011 |
| Venu Srinivasan | Unlock to View | Unlock to View | Director | 21 Jun,2010 |
| Tirumala Kumara Balaji | Unlock to View | Unlock to View | Director | 03 May,2010 |
| Rangaswami Ramakrishnan | Unlock to View | Unlock to View | Director | 03 May,2010 |
| Anupam Thareja | Unlock to View | Unlock to View | Whole-time director | 03 May,2010 |
| Kunnath Narayanan Radhakrishnan | Unlock to View | Unlock to View | Director | 17 Feb,2010 |
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