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Business Standard
3 hours ago
- Automotive
- Business Standard
Premium motorcycles may account for 22% of total market by 2030: Crisil
The Indian two-wheeler industry is witnessing a ride towards the premium segment, like other consumer sectors in the country, with the market share of premium motorcycles increasing to 19 per cent last fiscal and expected to touch 22 per cent by 2030, according to Crisil Intelligence. The market share of premium motorcycles -- engine capacity greater than 150 cc -- increased to 19 per cent last fiscal from 14 per cent in fiscal 2019, with their volume rising to 2,300,000 units from 1,900,000 units, it said in a statement. On the other hand, the market share of economy motorcycles declined to 46 per cent last fiscal from 62 per cent in fiscal 2019, with volume shrinking to 5,600,000 units from 8,400,000 units, largely due to weak rural demand and an increase in prices, it added. Interestingly, premium motorcycle sales surpassed the pre-Covid level by 22 per cent last fiscal, while sales of overall two-wheelers stood at 94 per cent of the pre-pandemic level and total motorcycles at 90 per cent, it added. The market share of premium motorcycles is expected to climb to around 22 per cent by fiscal 2030. The improvement will ride on favourable macroeconomic trends, increasing disposable incomes, rising global exposure of consumers and a youthful demographic, Crisil Intelligence said. Commenting on the trend, Crisil Intelligence Director, Pushan Sharma said, "The demand-side spurs for premium motorcycles include a growing preference for these products from buyers with healthy incomes who maintained their purchasing power even during the pandemic." Shama further said, "On the supply side, it is the expanded range of options available to consumers. For the record, the number of motorcycle models available in the premium segment increased to 35 last fiscal from 23 in fiscal 2019. We anticipate these trends to persist through the next five years." On the decline of the economy segment motorcycles, Crisil Intelligence Associate Director, Mohit Adnani said, "Weak rural demand poses a major hurdle for entry-level motorcycles." Rural incomes have not increased much while there has been a steep 65-70 per cent hike in prices of economy models to pass on the increase in costs due to the transition from Bharat Stage (BS) IV to BS VI standards, implementation of safety norms, and the commodity super cycle, he added. "Thus, sales of these motorcycles recovered to only 67 per cent of the pre-pandemic level last fiscal," Adnani said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
India Gazette
2 days ago
- Business
- India Gazette
Cost of home-cooked thalis declines in June (YoY) but edges up on month-to-month basis: Report
New Delhi [India], July 8 (ANI): The cost of home-cooked meals eased in June as compared to the same month last year, driven by a sharp correction in vegetable prices, according to the Crisil Intelligence report. In the monthly report titled 'Roti Rice Rate', the average cost of a vegetarian thali (Plate) declined by 8 per cent year-on-year (YoY), while the cost of a non-vegetarian thali was down nearly 6 per cent. The decline in vegetarian thali prices was primarily attributed to a significant drop in key vegetable prices, which had spiked the previous year due to adverse weather and crop diseases. The report added that tomato prices dropped 24 per cent YoY to Rs 32 per kg from Rs 42 a year ago, as last year's lower yields created a high base effect. Potato and onion prices also saw steep declines of 20 per cent and 27 per cent, respectively. In 2024, potato output had fallen by around 6 per cent due to blight infestations and erratic weather, while rabi onion production had shrunk by nearly 20 per cent owing to reduced acreage and yield, the report noted. However, despite the government's move to reduce basic customs duty on crude edible oils, vegetable oil prices surged 19 per cent YoY in June. Crisil Inteligence report says the benefit of reduced import prices is yet to be fully passed on to the consumers. Additionally, a 6 per cent YoY hike in liquefied petroleum gas (LPG) cylinder prices tempered the overall drop in thali costs. For non-vegetarian thalis, the cost decline was aided by a 3 per cent YoY drop in broiler chicken prices, which account for nearly half the cost of a non-veg thali. However, the report observed that on a month-on-month (MoM) basis, both vegetarian and non-vegetarian thalis became costlier, up 3 per cent and 4 per cent, respectively, in June 2025. A sharp 36 per cent MoM spike in tomato prices, triggered by an 8 per cent decline in market arrivals, played a key role in driving up costs. Potato prices rose 4 per cent MoM, while onion prices remained stable. Meanwhile, broiler chicken prices increased by 5 per cent MoM, pushed by reduced poultry supply due to extreme heat, which impacted bird mortality and slowed growth rates. While the year-on-year trend offers some relief to households, the monthly uptick reflects continued volatility in food inflation, particularly in perishables and protein sources. (ANI)
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Business Standard
2 days ago
- Business
- Business Standard
Thali prices drop in June 2025, driven by lower vegetable and broiler costs
Home-cooked meals became cheaper in June, as the cost of both vegetarian and non-vegetarian thalis declined year-on-year, according to the latest report released by credit rating agency Crisil on Tuesday. The price of a vegetarian thali fell 8 percent in June 2025 compared to the same month last year, driven by a sharp drop in vegetable prices. Tomato prices plunged 24 percent to Rs 32 per kg from Rs 42 per kg a year ago, while potato and onion prices dropped 20 percent and 27 percent, respectively, due to a high base effect linked to lower yields in 2024. The cost of a non-vegetarian thali also declined by about 6 percent year-on-year, aided by an estimated 3 percent drop in broiler prices, which account for nearly half the cost of a non-vegetarian thali. However, some input costs rose. Despite a reduction in basic customs duty on crude edible oils, vegetable oil prices increased 19 percent year-on-year, as the cost benefit has yet to fully reach consumers. Liquefied petroleum gas (LPG) cylinder prices also rose by 6 percent over the year, partially offsetting the overall decline in thali costs. On a month-on-month basis, however, both thalis became more expensive. The cost of a vegetarian thali rose by 3 percent, while the non-vegetarian variant saw a 4 percent uptick in June 2025. This was primarily due to a sharp 36 percent surge in tomato prices, as arrivals dropped by 8 percent. Potato prices also edged up 4 percent on-month, while onion prices remained stable. For non-vegetarian thalis, an estimated 5 percent rise in broiler prices over the month — driven by heat-induced supply constraints and slower poultry growth — added to the increase. Pushan Sharma, Director-Research at Crisil Intelligence, says that going ahead, thali costs are expected to inch up sequentially as seasonal changes push up vegetable prices. 'Onion prices are expected to rise moderately due to the absence of fresh arrivals and controlled release of stored rabi stock. For tomatoes, weak summer sowing is expected to lead to a sequential increase in prices, adding to the upward pressure on thali costs,' he added. The credit rating agency calculates the average cost of preparing a thali at home based on input prices prevailing in north, south, east, and west India. The monthly change reflects the impact on the common man's expenditure. The data also reveals the ingredients (cereals, pulses, broilers, vegetables, spices, edible oil, and cooking gas) driving the change in the cost of the thali.
Time of India
2 days ago
- Business
- Time of India
Cost of home-cooked thalis declines in June (YoY) but edges up on month-to-month basis: Report
The cost of home-cooked meals eased in June as compared to the same month last year, driven by a sharp correction in vegetable prices, according to the Crisil Intelligence report. In the monthly report titled ' Roti Rice Rate ', the average cost of a vegetarian thali (Plate) declined by 8 per cent year-on-year (YoY), while the cost of a non-vegetarian thali was down nearly 6 per cent. The decline in vegetarian thali prices was primarily attributed to a significant drop in key vegetable prices, which had spiked the previous year due to adverse weather and crop diseases. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More The report added that tomato prices dropped 24 per cent YoY to Rs 32 per kg from Rs 42 a year ago, as last year's lower yields created a high base effect. Potato and onion prices also saw steep declines of 20 per cent and 27 per cent, respectively. Live Events In 2024, potato output had fallen by around 6 per cent due to blight infestations and erratic weather, while rabi onion production had shrunk by nearly 20 per cent owing to reduced acreage and yield, the report noted. However, despite the government's move to reduce basic customs duty on crude edible oils, vegetable oil prices surged 19 per cent YoY in June. Crisil Inteligence report says the benefit of reduced import prices is yet to be fully passed on to the consumers. Additionally, a 6 per cent YoY hike in liquefied petroleum gas (LPG) cylinder prices tempered the overall drop in thali costs. For non-vegetarian thalis, the cost decline was aided by a 3 per cent YoY drop in broiler chicken prices, which account for nearly half the cost of a non-veg thali. However, the report observed that on a month-on-month (MoM) basis, both vegetarian and non-vegetarian thalis became costlier, up 3 per cent and 4 per cent, respectively, in June 2025. A sharp 36 per cent MoM spike in tomato prices, triggered by an 8 per cent decline in market arrivals, played a key role in driving up costs. Potato prices rose 4 per cent MoM, while onion prices remained stable. Meanwhile, broiler chicken prices increased by 5 per cent MoM, pushed by reduced poultry supply due to extreme heat, which impacted bird mortality and slowed growth rates. While the year-on-year trend offers some relief to households, the monthly uptick reflects continued volatility in food inflation , particularly in perishables and protein sources.
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Business Standard
2 days ago
- Business
- Business Standard
Cost of veg and non-veg thali drop in June as vegetable prices ease
The cost of preparing both vegetarian and non-vegetarian thalis at home fell year-on-year in June, helped by a drop in key vegetable prices, according to the latest Roti Rice Rate report by Crisil Intelligence. Veg, non-veg thalis get cheaper in June The average cost of a vegetarian thali declined 8 per cent compared to June last year, primarily due to a sharp fall in the prices of tomato (down 24 per cent), potato (20 per cent), and onion (27 per cent). The decline has been attributed largely to a sharp correction in vegetable prices as supply chains normalised and rabi yields improved. Last year had seen supply issues, caused by blight, poor weather, and lower rabi onion acreage. Non-vegetarian thalis were also cheaper, with the average cost falling around 6 per cent year-on-year. This was largely driven by an estimated 3 per cent drop in broiler chicken prices, which typically make up half the cost of a non-veg thali. Edible oil, LPG costs rise Meanwhile, edible oil prices rose 19 per cent over the past year, despite cuts in customs duties, as benefits have not fully reached consumers. LPG cylinder prices, which directly affect cooking costs, also increased by 6 per cent year-on-year, partially offsetting the savings on food ingredients. Tomato spike drives up thali cost The month-on-month trend also showed a slight reversal. The average price of a vegetarian thali rose by 3 per cent in June to ₹27.1, up from ₹26.3 in May. A 36 per cent spike in tomato prices during the month, caused by an 8 per cent fall in market arrivals, contributed to the increase. Potato prices edged up by 4 per cent, while onion prices held steady. Non-veg thali cost increased by 4 per cent in the same period. A 5 per cent rise in broiler prices, attributed to lower supply caused by extreme summer heat What is the Roti Rice Rate? The Roti Rice Rate is a tracker of home-cooked meal costs across north, south, east, and west India. It factors in the average prices of ingredients such as cereals, pulses, vegetables, spices, edible oil, and LPG, reflecting the regional fluctuations that influence the final cost of a meal. A vegetarian thali includes roti, rice, dal, vegetables, curd, and salad. In the non-veg version, dal is replaced by broiler chicken
