ZTO Announces Completion of Convertible Senior Notes Offering

SHANGHAI, Sept. 1, 2022 /PRNewswire/ — ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading and fast-growing express delivery company in China (“ZTO” or the “Company”), today announced that it closed the offering (the “Notes Offering”) of US$1 billion in aggregate principal amount of convertible senior notes due 2027 (the “Notes”) on August 29,… Continue reading ZTO Announces Completion of Convertible Senior Notes Offering

Skoda India surpasses CY2012’s record sales in first 8 months of CY2022  

Skoda Auto India has reported wholesales of 4,222 cars in August 2022, a 10% rise over the 3,829 cars it sold in August 2021 but down 5% month-on-month on July 2022’s 4,447 units. For the first five months of FY2023, cumulative wholesales are 24,448 units, which is a strong 162% YoY increase (April-August 2021: 9,320… Continue reading Skoda India surpasses CY2012’s record sales in first 8 months of CY2022  

Nissan India sells 3,283 units in August, domestic demand slows while exports rise

Nissan Motor India has announced wholesales of 3,283 units in August 2022, down 10.47% on July 2022’s 3,667 units. The Chennai-based carmaker is seeing demand slowing down in the domestic market: the cumulative April-August 2022 tally is 14,706 units, down 5.57% YoY (April-August 2021: 15,575 units). In an effort to rev up demand for the… Continue reading Nissan India sells 3,283 units in August, domestic demand slows while exports rise

Anand Mahindra tweets all-electric XUV 400 teaser

Mahindra & Mahindra Group Chairman Anand Mahindra has shared a 15-second teaser of the forthcoming electric version of the XUV 300 compact SUV to be re-christened as the XUV 400. The official launch is expected later this month. The XUV400 will be 4.2m long and will be powered by a larger NMC battery from Korea’s… Continue reading Anand Mahindra tweets all-electric XUV 400 teaser

Toyota Kirloskar Motor sells 14,959 units in August, up 17%

Toyota Kirloskar Motor has announced wholesales of 14,959 units in August 2022, which marks 17% YoY growth (August 2021: 12,722 units). The company’s cumulative wholesales in the first five months of FY2023 are 76,073 units, which is a YoY increase of 68% (April-August 2021: 44,998 units). Commenting on the month’s performance, Atul Sood, Associate Vice-President,… Continue reading Toyota Kirloskar Motor sells 14,959 units in August, up 17%

MG Motor India upgrades Gloster SUV feature pack

MG Motor India has announced the launch of the Advanced Gloster starting at Rs 31.99 lakh. MG says it is now India’s first autonomous (Level 1) premium SUV with new and advanced safety, style, and technology enhancements. The existing Gloster’s Advanced Driver Assist System (ADAS) has additional first-in-segment features such as Door Open Warning (DOW), Rear… Continue reading MG Motor India upgrades Gloster SUV feature pack