Discover and read the best of Twitter Threads about #AutoSales

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The domestic automobile sales volumes grew by 20% y-o-y in November 2022. The growth momentum
continued due to wedding season, offers, a low base. Image
On the other hand, exports are expected to decline by 12-15% in FY23 on account of ongoing geopolitical
tension, globally high inflationary and interest rate environment.
lets see the trends of autos in last month -
2-Wheeler - The 2W segment grew by 17% on a y-o-y basis during November 2022 amidst the ongoing wedding season and low base of last year.
Read 8 tweets
Rural Broadband project, #BharatNet,rolled out by @narendramodi govt,to be implemented via PPP model,will ensure,every inhabited village in 16 States will have Optical Fibre Connectivity,with overall cost at 19041 Cr

3.61 lakh villages will get broadband,OTT&Multi media Services Image
On economic front,good news is,for FY21,India saw Current Account Surplus (CAS) of 0.9% of GDP,versus Current Account Deficit (CAD) of 0.9% in FY20

Under inept #Congress,#CAD rose to 6.8% in 2013 but it has been less than 2% in last 7yrs,under @narendramodi govt,which bodes well
Just look at the kind of transformative work being done by @narendramodi &his team

PM Matsya Sampada Yojana to boost #Pisciculture,with a Rs 20000 Cr corpus &subsidy in the range of 40%-60%,is a huge boost to agri&allied services sector

#Modinomics #PMModi #ModiHaiTohMumkinHai Image
Read 9 tweets
State of the Economy through Charts and Tables

As the GDP growth (at 5%) slowed to a 25 quarter low in Q1 of FY 2020, let us examine the various economic indicators to understand the 'real' state of the Indian economy. Here is a thread. 1/13
1) 2-Wheeler Sales - dipped by ~17% in July, 2019. Motorcycle sales fell by 19% while Scooter sales declined by 12%. Scooters sell more in urban India. Motorcycles sell in both urban as well as rural India. The data shows distress in both India and Bharat. 2/13
2) Car sales - saw a massive YoY volume degrowth of 30.3%. Car purchase is a discretionary spending. People buy cars only when they are assured of future economic prospects. It shows that urban economic sentiment is at rock bottom levels. 3/13
Read 19 tweets

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