India Auto Inc retails up 14% in January, all segments other than tractors log double-digit growth

India Auto Inc retails up 14% in January, all segments other than tractors log double-digit growth The real-world vehicle sales numbers for the first month of CY2023 are out. Total retail sales of 18,26,669 units across five vehicle categories in January 2023 reflect a 13.56% year-on-year increase (January 2022: 16,08,505 units). As per the retail… Continue reading India Auto Inc retails up 14% in January, all segments other than tractors log double-digit growth

India Auto Inc retails up 14% in January, all segments other than tractors log double-digit growth

India Auto Inc retails up 14% in January, all segments other than tractors log double-digit growth The real-world vehicle sales numbers for the first month of CY2023 are out. Total retail sales of 18,26,669 units across five vehicle categories in January 2023 reflect a 13.56% year-on-year increase (January 2022: 16,08,505 units). As per the retail… Continue reading India Auto Inc retails up 14% in January, all segments other than tractors log double-digit growth

Bike Bazaar closes Series D equity funding of Rs 250 crore

Bike Bazaar – a leading pre-owned two-wheeler financing company has closed its Series D round of funding with a total equity raise of Rs 250 crore. The company on Monday announced that it has raised Rs 82 crores (USD 10 million) from DEG, a Germany-based development finance institution and a subsidiary of KfW Group, who… Continue reading Bike Bazaar closes Series D equity funding of Rs 250 crore

Bike Bazaar closes Series D equity funding of Rs 250 crore

Bike Bazaar – a leading pre-owned two-wheeler financing company has closed its Series D round of funding with a total equity raise of Rs 250 crore. The company on Monday announced that it has raised Rs 82 crores (USD 10 million) from DEG, a Germany-based development finance institution and a subsidiary of KfW Group, who… Continue reading Bike Bazaar closes Series D equity funding of Rs 250 crore

‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park

‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park With SUVs at the core of Kia’s model range in India, the South Korean car maker has taken advantage of the SUV boom and has outperformed the market with stellar growth ever since it entered India in 2018.… Continue reading ‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park

‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park

‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park With SUVs at the core of Kia’s model range in India, the South Korean car maker has taken advantage of the SUV boom and has outperformed the market with stellar growth ever since it entered India in 2018.… Continue reading ‘Definitely, in the year 2025 two (Kia) EV models will be locally manufactured here’: Tae Jin Park

@niche: A GIANT BLUE OVAL OF NOT GOOD.002490

Editor’s Note: In this week’s Rant, Peter decimates Ford and its “I’m a genius, just ask me” CEO for the automaker’s abysmal performance in 2022. In On The Table, we feature the new Bugatti Chiron Profilée, the latest piece of “unobtanium” from the folks in Molsheim, France, and the very last W16-cylinder machine from the hyper-luxury-performance manufacturer. And our AE… Continue reading @niche: A GIANT BLUE OVAL OF NOT GOOD.002490

@Honda: Honda R&D Europe (Deutschland) GmbH confirm next stage of ‘Smart Company’ concept with installation of green hydrogen production system

Installation of green hydrogen production capability powered by surplus solar energy Announcement marks next stage in ‘Smart Company’ showcase, a testbed for the purpose of developing technologies to maximise the use of renewable energy ‘Smart Company’ concept allows development and testing of large-scale energy system optimisation Honda continues to invest in technologies to meet its… Continue reading @Honda: Honda R&D Europe (Deutschland) GmbH confirm next stage of ‘Smart Company’ concept with installation of green hydrogen production system

German Handelsblatt: Auto industry: Luxury strategy of BMW, Audi and Mercedes is reaching its limits006161

Mercedes-Benz plant in Tuscaloosa For car manufacturer Mercedes, pure sales are no longer so important. (Photo: Mercedes-Benz AG) After 2021, BMW sold more cars last year than its direct competitors Mercedes and Audi. In 2022, the Munich car manufacturer was able to sell a total of 2.4 million vehicles worldwide. Without the BMW brands Mini… Continue reading German Handelsblatt: Auto industry: Luxury strategy of BMW, Audi and Mercedes is reaching its limits006161

German Handelsblatt: Auto industry: Luxury strategy of BMW, Audi and Mercedes is reaching its limits006161

Mercedes-Benz plant in Tuscaloosa For car manufacturer Mercedes, pure sales are no longer so important. (Photo: Mercedes-Benz AG) After 2021, BMW sold more cars last year than its direct competitors Mercedes and Audi. In 2022, the Munich car manufacturer was able to sell a total of 2.4 million vehicles worldwide. Without the BMW brands Mini… Continue reading German Handelsblatt: Auto industry: Luxury strategy of BMW, Audi and Mercedes is reaching its limits006161