News Overview

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

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.

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

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

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.

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

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

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.

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

During the quarter, the business launched the first phase of one of India's largest varied feedstock-to-CBG plants in Barsana, Mathura, and increased its e-mobility reach to 23 states.