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Among sectoral front, the government’s heavy focus on infrastructure in the Union Budget 2022-23, capital goods, banks and cements surged, whereas auto and oil & gas indices ended in the red.

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The Revised Estimates for 2021-22 indicate a Fiscal Deficit of Rs15,91,089cr as against the Budget Estimates of Rs15,06,812cr.

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The company’s Alloy wheels business grew the highest by 89% YoY during January 2022, while its truck business recorded a substantial growth of 67% YoY in the relevant period, which is the highest ever monthly sales in the CV segment.

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