Category: automotive
-
Maruti Suzuki sales decline in March due to coronavirus; Lockdown to worsen auto industry’s condition
Sales of India’s largest carmaker Maruti Suzuki India fell 16 percent in the last financial year as the auto industry, already under pressure from a sluggish economy and thin demand, was hit by the spread of coronavirus. Maruti, which has a 50 percent share in the Indian passenger car market, sold 1.56 million vehicles in…
-
AutoNation The Largest U.S. auto retail chain profit fells down with less margin on new vehicles & Investment cost on repair parts (CNBC)
Jackson said AutoNation will act to reduce the inventory of vehicles it carries in response to rising interest costs for stocking cars and trucks. Jackson said he expects the shift by U.S. consumers toward trucks and sport utility vehicles that offer drivers and passengers a high seating position will continue, despite a recent increase in…
-
500 Cr for development of a manufacturing base for electric vehicles in India
FAME Phase II has proposed setting up of a venture capital fund of INR 500 Cr for development of a manufacturing base for zero-emission vehicles and their components, taking prototypes to manufacturing, and development of R&D among others. As many as 136 startups related to electric vehicles already existin India. “In order to support such…
-
Auto Expo 2018 India highlights: Electric Vehicles, concepts, hybrids, startups
The Indian Express : This year The Auto Expo saw the number of EVs surge 10-fold to over 50 electric and hybrid vehicles as car makers drew up plans for electrification of their fresh line-up of products. The Auto Expo 2018 kicked off on Wednesday with car makers and commercial vehicle manufacturers unveiling a slew…
-
How to Choose the Right Car Tires
We show the difference between tire types, then steer you in the right direction Buying car tires is easy. It’s finding the right ones for your car that can be difficult. Get it wrong, and you can hobble your car’s performance and its ability to tackle any type of weather. Since car tires usually…