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Business Standard
6 days 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.)
News18
09-07-2025
- Business
- News18
Thalinomics: Veg Thali Cost Drops 8%, Non-Veg By 6% On Lower Food Prices
Crisil cautioned that thali costs may rise in the coming months due to seasonal factors pushing up vegetable prices The average cost of a home-cooked vegetarian thali declined by 8% year-on-year in June 2025, primarily driven by a steep fall in vegetable prices, according to a report released by Crisil on Tuesday. The cost of a non-vegetarian thali also dropped by 6% during the same period, aided by lower broiler chicken prices, which typically account for nearly half of the total cost. However, Crisil cautioned that thali costs may rise in the coming months due to seasonal factors pushing up vegetable prices. Recent heavy monsoon rains in Himachal Pradesh have damaged harvest-ready vegetables such as tomatoes, putting upward pressure on prices. 'The cost of both vegetarian and non-vegetarian thalis declined on-year in June, driven by softening vegetable prices. Tomato prices, in particular, saw a sharp on-year decline," said Pushan Sharma, Director, Crisil Market Intelligence & Analytics. Tomato prices fell by 24% year-on-year to Rs 32 per kg in June 2025, compared to Rs 42 per kg a year ago, largely due to a high base effect linked to poor yields last year. Potato and onion prices also registered declines of 20% and 27%, respectively. In contrast, on a month-on-month basis, thali prices increased in June, with vegetarian thalis rising by 3% and non-vegetarian thalis by 4%. Crisil attributed the one-month rise to gradual seasonal shifts impacting supply and pricing dynamics. Broiler chicken prices, which contribute about 50% of the cost of a non-vegetarian thali, dropped around 3% year-on-year, aiding the overall cost decline for meat-based meals. Sharma noted that prices are likely to climb in the near future. 'We expect thali costs 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," he said. Additionally, weak summer sowing of tomatoes is expected to contribute to a further rise in prices, potentially making home-cooked meals more expensive. Crisil's report calculates the average cost of preparing a thali at home by using prevailing input prices from across India's four regions — north, south, east, and west. The monthly variation in thali prices reflects changes in the cost burden for the average Indian household. view comments First Published: July 09, 2025, 07:34 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
08-07-2025
- 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
08-07-2025
- Business
- Time of India
Thali prices rise in June: Tomatoes get 36% pricier; broiler and potato also add to pinch
The cost of a home-cooked meal rose in June compared to the previous month, driven mainly by a sharp increase in tomato prices, according to a report, released by Crisil, on Tuesday. Crisil's monthly 'Roti, Rice, Rate' report revealed that a vegetarian thali cost Rs 27.1 in June, up 3% from Rs 26.2 in May. The price of a non-vegetarian thali also rose, climbing 4% to Rs 54.8 from Rs 52.6. The increase in thali prices was largely attributed to a 36% spike in tomato prices, triggered by an 8% drop in arrivals. Potatoes also saw a 4% rise in cost, adding to the overall burden on households. For non-vegetarian meals, a 5% rise in broiler prices contributed further to the uptick. Pushan Sharma, director at Crisil market intelligence and analytics, said that thali prices are likely to inch up further in the near term due to seasonal factors driving vegetable prices higher. Onion prices are expected to rise moderately due to limited fresh supply and controlled release of rabi stock, while poor summer sowing will likely keep tomato prices elevated. However, on a year-on-year basis, both thali types were cheaper. Vegetarian meal prices dropped 8% and non-vegetarian thalis were down 6%, this was majorly due to the high price base recorded in June 2024. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
08-07-2025
- Business
- Mint
Home-cooked meal costs drop in June on easing vegetable, broiler prices, says Crisil report
New Delhi: The cost of both vegetarian and non-vegetarian thalis, or meals, declined year-on-year in June, offering some respite to households. According to the Crisil Roti Rice Rate (RRR), the average cost of a home-cooked vegetarian meal dropped by 8%, while the non-vegetarian meal cost declined by around 6%, primarily due to easing vegetable and broiler prices. The RRR calculates the cost of preparing a thali based on prevailing input prices across north, south, east, and west India. The monthly movement in prices reflects its impact on household expenditure. Ingredients tracked include cereals, pulses, broilers, vegetables, spices, edible oil, and cooking gas. 'The cost of both vegetarian and non-vegetarian thalis declined on-year in June, driven by softening vegetable prices. Tomato prices, in particular, saw a sharp on-year decline,' said Pushan Sharma, Director, Crisil Market Intelligence & Analytics. The fall in the vegetarian thali cost was led by a significant drop in prices of key vegetables—tomatoes, potatoes, and onions. Tomato prices fell 24% year-on-year to ₹ 32 per kg in June, from ₹ 42 per kg a year ago, mainly due to a high base linked to lower yields in 2024. Similarly, potato and onion prices declined 20% and 27%, respectively. Last year, potato production fell around 6% due to blight and erratic weather, while rabi onion output dropped a sharper 20% on lower acreage and yields. In the case of the non-vegetarian thali, a 3% decline in broiler prices—accounting for roughly half the cost—helped drive down the overall thali expense. However, on a month-on-month basis, thali costs rose in June. The vegetarian thali became 3% costlier, while the non-vegetarian variant rose 4%. Tomato prices surged 36% over May, driven by an 8% drop in market arrivals. Potato prices increased 4% month-on-month, while onion prices remained stable. The non-vegetarian thali saw a cost increase due to a 5% rise in broiler prices, as extreme heat impacted poultry supply—raising bird mortality and slowing growth rates. Looking ahead, Sharma said thali prices could continue inching up in the coming months as seasonal factors begin to weigh in. 'We expect thali costs to rise sequentially due to seasonal pressure on vegetable prices,' he said. Onion prices are likely to rise moderately amid the absence of fresh arrivals and controlled release of stored rabi stock. Tomato prices could also increase further due to weak summer sowing. Additionally, heavy rains across several regions have disrupted vegetable production and supply chains, further adding to upward price pressure. Combined, these factors are expected to drive up thali costs in the near term.
