Passenger vehicles (PVs) and commercial vehicles (CVs) are the primary segments driving this deceleration, while two-wheelers (2Ws) are expected to perform better. Revenue growth for auto dealers is expected to decelerate to 7-9% this fiscal year, down from around 14% last fiscal year. This slowdown is due to lower sales volume growth and modest price… Continue reading Auto dealers revenue growth to slow down this fiscal year, says CRISIL
Author: Economic Times of India Online News
J D Power cuts US EV sales forecast to 9% as growth slows
U.S. electric vehicle (EV) sales are expected to reach just 9% of the market this year. US electric vehicle (EV) sales are expected to reach just 9% of the market this year, consulting firm J D Power said in a report on Wednesday, lowering its previous forecast of 12%. The automotive consultant attributed the cut… Continue reading J D Power cuts US EV sales forecast to 9% as growth slows
UK car output drops for fifth straight month in July, shows data
UK car output falls. Britain’s car production fell for the fifth consecutive month in July, hurt by manufacturers shifting to new models and temporary disruptions in supply chain, industry data showed on Thursday. A total of 65,478 cars rolled off production in July, down 14.4% from a year earlier, the Society of Motor Manufacturers and… Continue reading UK car output drops for fifth straight month in July, shows data
Automaker Ford to modify diversity policy, says internal memo
Ford Motor to change its diversity, equity and inclusion program. Automaker Ford Motor said on Wednesday it will change its diversity, equity and inclusion program, including ending participation in an LGBTQ advocacy group’s ranking system, joining several U.S. companies that have redefined those programs amid pressure from conservative groups. “We are mindful that our employees… Continue reading Automaker Ford to modify diversity policy, says internal memo
Tesla asks Canada for lower tariff on China-made EVs, says government source
Tesla asked Canada for a lower tariff on its autos. Before Canada said this week it was imposing a 100% duty on Chinese-made electric vehicles, Tesla approached Ottawa and asked for a lower tariff on its autos, a Canadian government source said on Wednesday. Canada, following the lead of the United States, said on Monday… Continue reading Tesla asks Canada for lower tariff on China-made EVs, says government source
EU new car sales flat in July as battery-electric slumps, industry body ACEA says
Battery-electric vehicles continued to lose market share in EU. New car sales in the European Union rose 0.2% in July, slowed by declines in France and Germany, while battery-electric vehicles continued to lose market share, data from Europe’s auto industry body showed on Thursday. Improvements in the Belgian, Dutch and French electric-vehicle (EV) markets failed… Continue reading EU new car sales flat in July as battery-electric slumps, industry body ACEA says
Single road bids to be considered for highway projects, though with riders: Road ministry
MoRTH says even a single bid for national highways work will be considered if it is reasonable. The ministry of road transport and highways (MoRTH) on Wednesday said that even a single bid for national highways work will be considered if it is reasonable. As per the circular issued by the minsitry, the bidding process… Continue reading Single road bids to be considered for highway projects, though with riders: Road ministry
Road developers to see slower revenue growth of 5-7 % next fiscal: Crisil
Revenue growth of road engineering, procurement and construction (EPC) companies is expected to moderate next fiscal year. Revenue growth of road engineering, procurement and construction (EPC) companies is expected to moderate to 5-7% next fiscal, as lower national highway awarding weighs on their order books, rating agency Crisil said on Tuesday. That said, the credit… Continue reading Road developers to see slower revenue growth of 5-7 % next fiscal: Crisil
Comprehensive car insurance vs third-party car insurance: Which is better?
The most significant difference between comprehensive and third-party car insurance lies in the scope of coverage. Comprehensive Car Insurance vs Third-Party Car Insurance: Which is Better? Car insurance is a crucial aspect of vehicle ownership, offering protection against financial losses that may arise from accidents, theft, or other unforeseen events. When choosing the right car… Continue reading Comprehensive car insurance vs third-party car insurance: Which is better?
16,755 e-challans worth INR 9.49 crore issued through e-detection system at toll plazas in Bihar
Bihar Transport department and traffic police have issued over 16,700 e-challans. The Bihar Transport department and traffic police have issued over 16,700 e-challans worth INR 9.49 crore in a week through e-detection system installed in 13 toll plazas in the state for violation of motor vehicle act, officials said. Out of 16,755 e-challans issued by… Continue reading 16,755 e-challans worth INR 9.49 crore issued through e-detection system at toll plazas in Bihar