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Amidst the overall growth, three-wheeler sales experienced a decline, dropping to 9,023 units in April 2024, compared to 11,438 units in April 2023.

Sterling continued to hold at $1.2530 after rising by 0.28% the day before.

MD Abhyuday Jindal stated both projects would be operational within two years, funded mostly through internal accruals.

The board recommended a final dividend of 70 paise per share (35% of each share's face value of ₹2) for the fiscal year ending March 2024, it stated.

Investors are now anticipating this Friday's release of the U.S. nonfarm payrolls data.

The business added that the demand has no appreciable effect on operations, finances, or other activities.

The company believes that compact car sales will benefit from the recovery in the two-wheeler market, which has also been declining since 2018–19.

Sales of commercial vehicles as a whole increased by 31% to 29,538 units this month from 22,492 units in April 2023.

According to the EIA, crude stockpiles were at their highest level since June. 

The Brezza, Ertiga, S-Cross, and XL6 utility vehicles saw a sales increase to 56,553 units last month from 36,754 units the previous month.