Despite a sustained positive demand across segments in February, as per analysts, auto retails are expected to witness a moderate drop in customer inquiries sequentially, especially in the passenger vehicles (PV) and commercial vehicles (CV) segments. According to a Motilal Oswal report, there has been an 8-10 percent drop in the enquiries across PV OEMs,… Continue reading February retails in CVs and PVs to moderate m-o-m, 2Ws to gain from urban uptick
Category: US Motoring Press
Fisker Pear EV still on track for £25k price tag
US electric vehicle start-up Fisker has outlined some of the ways it will keep the start price of its forthcoming Pear small SUV below $30,000, including fitting a compact new electronic architecture. The company showed new sketches of the car in an investor presentation on Monday, previewing a continuous light strip around the rear window… Continue reading Fisker Pear EV still on track for £25k price tag
Germany requests e-fuel exemption from EU’s 2035 ICE ban
Germany has requested that the European Union considers allowing the sale of new ICE vehicles powered by carbon-neutral e-fuels after 2035. The European Parliament recently voted to confirm an effective ban on the sale of new ICE vehicles from 2035 by requiring a 100% reduction in CO2 emissions from all new vehicles sold in the bloc by… Continue reading Germany requests e-fuel exemption from EU’s 2035 ICE ban
Lancia readies reinvention as EV brand with nods to past icons
Lancia is getting ready to reinvent itself as a style-focused EV brand with designs heavily influenced by icons of its past, including the Aurelia, Delta, Stratos and 037 Stradale – to be previewed by a concept car in the coming weeks. The storied Italian brand has been a one-car operation since 2015, when it stopped… Continue reading Lancia readies reinvention as EV brand with nods to past icons
Ford to shrink European retail network in agency shift
Ford will adopt the agency retail model across Europe over the coming years, beginning with a trial in the Netherlands in March. The American brand is embarking on a ground-up overhaul of its European business operations as it electrifies its product line-up. The unveiling of a US-influenced but Europe-focused electric crossover in the coming weeks –… Continue reading Ford to shrink European retail network in agency shift
TVS Apache sells over 5 million units worldwide in 18 years since launch
TVS Motor Company has announced a new sales milestone for its Apache series of premium motorcycles. First launched in 2005, the Apache brand has a presence in over 60 countries worldwide. Having surpassed the four-million global sales mark in October 2020 with four variants, the last million-unit sales have come in just 27 months. The… Continue reading TVS Apache sells over 5 million units worldwide in 18 years since launch
Tata Motors opens first vehicle scrappage facility in Jaipur
Tata Motors today took a significant leap forward in its commitment towards sustainable mobility with the launch of Re.Wi.Re – Recycle with Respect, its first Registered Vehicle Scrapping Facility (RVSF) in Jaipur, Rajasthan. Inaugurated by Union Minister of Road Transport and Highways, Nitin Gadkari, this state-of-the-art facility has a capacity of 15,000 vehicles per annum and deploys world-class, eco-friendly… Continue reading Tata Motors opens first vehicle scrappage facility in Jaipur
Tata Motors opens first vehicle scrappage facility in Jaipur
Tata Motors today took a significant leap forward in its commitment towards sustainable mobility with the launch of Re.Wi.Re – Recycle with Respect, its first Registered Vehicle Scrapping Facility (RVSF) in Jaipur, Rajasthan. Inaugurated by Union Minister of Road Transport and Highways, Nitin Gadkari, this state-of-the-art facility has a capacity of 15,000 vehicles per annum and deploys world-class, eco-friendly… Continue reading Tata Motors opens first vehicle scrappage facility in Jaipur
Tata Motors opens first vehicle scrappage facility in Jaipur
Tata Motors today took a significant leap forward in its commitment towards sustainable mobility with the launch of Re.Wi.Re – Recycle with Respect, its first Registered Vehicle Scrapping Facility (RVSF) in Jaipur, Rajasthan. Inaugurated by Union Minister of Road Transport and Highways, Nitin Gadkari, this state-of-the-art facility has a capacity of 15,000 vehicles per annum and deploys world-class, eco-friendly… Continue reading Tata Motors opens first vehicle scrappage facility in Jaipur
Commercial Vehicle financing to bounce back on the backdrop of pick up in sales
On the backdrop of growth in commercial vehicle (CV) sales, CV financing is also expected to bounce back. Interestingly, the used CV segment, largely dominated by Non-Banking Finance Companies (NBFCs), can clock a stable growth rate despite headwinds in the last few years. It may be noted, the growth of CV sector remains primarily dependent… Continue reading Commercial Vehicle financing to bounce back on the backdrop of pick up in sales