SMAS Auto Leasing India Private Limited’s Post

Vehicle owners can obtain a BH number plate by following these steps: Step 1: Log into MoRTH's Vahan portal or seek assistance from an automobile dealer. Step 2: If seeking assistance from a dealer, the dealer fills out Form 20 on the Vahan portal on your behalf. Step 3: Private sector employees with offices in more than four states or UTs must submit Form 60 and provide their employment ID with a work certificate. Step 4: The State Authorities verify the eligibility of the vehicle owner. Step 5: Select the series type "BH" during the application process. Step 6: Submit required documents, such as the Working Certificate (Form 60) or a copy of the official ID card. Step 7: The Regional Transport Office (RTO) approves the BH series. Step 8: Pay the necessary fee or motor vehicle tax online. Once these steps are completed, the Vahan portal generates BH series registration numbers in a random order, making them applicable in all states of India. #BHNumberPlate #VehicleRegistration #VahanPortal #RTOProcess #MotorVehicleTax #MoRTH #Automobile #VehicleOwnership #Transportation #IndiaRoads #VehicleDocuments #StateAuthorities #NumberPlateProcess #DigitalIndia #TransportationRules

Bajaj Auto CEO #RajivBajaj says automobiles in India are unduly expensive, adding that the government should consider bringing down GST on commuter bikes — from the existing 28% to 12%-18% By Kanishka Sarkar| Bajaj Auto Ltd #PULSAR #bajajpulsar

Thai Honda forecast mild ‘declinecycle’ in domestic sales this year: … the coming year, sales of Honda motorcycles are projected to range between … year’s total motorcycle sales, the automatic category held a market share of … downtrend in motorcycle sales. He explained that motorcycles are viewed as essential products and … #motorcycle #motorcycles #motorbike

#heromotocorp #results HERO MOTOCORP REPORTS REVENUE OF Rs. 9,445 CRORE & DELIVERS PROFIT OF Rs.1,054 CRORE IN Q2 FY’24 Q2 PAT GROWS BY 47%; H1 GROWS BY 40% Highlights for Q2 FY’24 (July‐Sept’23) #Volume – 14.16 lakh units of motorcycles and scooters sold in Q2 FY’24  Revenue from operations – Rs. 9,445 Crore, (vs Rs. 9,075 Crore) #Earnings Before Interest, Tax, Depreciation, & Amortization (EBITDA) for the Quarter stood at Rs. 1,328 Crore, growth of 28% #Profit Before Tax (PBT) - Before exceptional item at Rs. 1,397 Crore, growth of 45% #Net Profit After Tax (PAT) - Rs. 1,054 Crore, growth of 47%

Honda Atlas Cars (Pakistan) Limited (HCAR) reported a massive 797.2% YoY increase in after-tax profits for the fiscal year ending March 2024, reaching Rs2.33 billion (EPS: Rs16.34), up from Rs260.14 million (EPS: Rs1.82) the previous year. The company also declared a final cash dividend of Rs6.5 per share. Despite a 42.1% YoY drop in revenue to Rs55.07 billion from Rs95.09 billion, the cost of sales fell by 42.5%, resulting in a gross profit decline of 37.1% YoY to Rs4.51 billion. However, gross margins improved to 8.19% from 7.53%. Other income slightly decreased by 3.0% YoY to Rs2.25 billion. Distribution and marketing costs rose 1.4% YoY to Rs914.88 million, and administrative expenses increased by 12.0% YoY to Rs1.48 billion. Other expenses dropped significantly by 92.0% YoY to Rs393.64 million. Finance costs surged by 252.2% YoY to Rs1.22 billion due to higher interest rates. The company paid lower taxes amounting to Rs418.85 million, a 75.7% YoY decrease. As a result, HCAR's shares rose by 6.65%, reaching Rs326.52 per share. #HCAR #FinancialResults #ProfitSurge #AutomotiveIndustry #PakistanEconomy

Should Indian Middle Class be buying High end luxury cars? One should be buying high end luxury cars only if they have the required amount in their bank account and/or if one is super passionate about cars. Otherwise, it is not financially prudent to buy a financially depreciating asset, on which one also has to incur yearly insurance and maintenance charges. Buying high end luxury cars on EMI is even bigger financial mistake, as one would be paying interest to bank on a depreciating asset. Let’s discuss it with example: - If one buys car worth Rs 60 lakhs in NCR, it would have life of 15 years (petrol), post which it has to be sold as scrap or sold  in a tier 2 city - In case of above example :  Each year, the value of car depreciates by Rs 4 lakhs; yearly insurance and maintenance will be ~1 lakh. - If there is car loan, EMI to bank (including interest) could be between  Rs 1.5-2 lakh yearly, for say 7 years. Hence yearly cost for owning a Rs 60 lakh luxury car (Including depreciation) is somewhere between Rs 5.5-6 lakh yearly, i.e. approx. Rs 50,000 monthly, excluding the running cost (petrol). Basis this amount, decision should be made, is it worth paying Rs 50,000 every month to own the car? If the additional expense of Rs 50,000/month is not making much of a difference your monthly budget, then one should go ahead with the purchase decision. Please feel free to share your thoughts & feedback

#BajajAuto's 3W business had a #record-breaking second quarter, with sales of 132,000 units in the three months ended September. With a growth of 34 percent quarter-on-quarter and 81 percent year-on-year, capturing 80 percent market share in September. #CNG powered #3W economics are much better for owners Vs #diesel and this migration from diesel to CNG is helping Bajaj ramp up market share. #E-Autos and 3W #CNG may continue to grow in the foreseeable future and add meaningfully to #revenue growth and profitability in the short-medium term. https://lnkd.in/gpz3ReMk #business #EV #automotive #sales #e3W #eautos

▶️𝐖𝐡𝐲 𝐜𝐚𝐫 𝐦𝐚𝐤𝐞𝐫𝐬 𝐚𝐫𝐞 𝐨𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐡𝐞𝐚𝐯𝐲 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐬 𝐫𝐢𝐠𝐡𝐭 𝐧𝐨𝐰? Swipe through to learn! P.S - This is my 20th day of covering auto sector. #india #finance #investing #equitymarkets