Cars24 revs up strategy to optimise used car demand

Along with achieving higher ease of business with a phygital model for buying and selling used cars, Gurugram-based start-up Cars24 is now bullish on the refurbishment of its inventory. In late 2021, the company invested close to Rs 50 crore in setting up seven mega refurbishment labs (MRLs) that will turnaround 2,000-3,000 cars every month.… Continue reading Cars24 revs up strategy to optimise used car demand

M&HCV and LCV goods carriers deliver the goods in strong Q1 FY2023

One of the heartening takeaways from the industry wholesales numbers for Q1 FY2023, released by apex body SIAM on July 13, has been the revival of demand for the Indian commercial vehicle (CV) industry. Sales and demand for the CV industry follow a cyclical pattern and after four years of growth (FY2016 to FY2019), FY2020… Continue reading M&HCV and LCV goods carriers deliver the goods in strong Q1 FY2023

GM offers rebate on Cadillac Lyriq if drivers sign NDA, agree to be tracked

In an unprecedented move by an automaker, General Motors is giving some customers a big discount on its new 2023 Cadillac Lyriq all-electric SUV in exchange for them signing a nondisclosure agreement on the vehicle and agreeing to let GM track how they use it.  The automaker gave the customers a $5,500 discount on the purchase or lease… Continue reading GM offers rebate on Cadillac Lyriq if drivers sign NDA, agree to be tracked

Manchin pivot on climate deal throws EV tax credits into doubt

This content is only available to subscribers. Get unlimited digital access $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Manchin pivot on climate deal throws EV tax credits into doubt

OEMs eye Mobility-as-a-Service potential for pre-owned cars

Acland says there is potential to attach a host of mobility services or mobility-as-a-service (MaaS) programmes now on offer and create a longer-term relationship with the customers On July 6, 2022, Toyota Kirloskar Motor opened a first-of-its-kind company-owned Toyota Used Car Outlet (TUCO) in Karnataka, aiming to redefine the pre-owned vehicle segment and only retail fully-refurbished Toyota… Continue reading OEMs eye Mobility-as-a-Service potential for pre-owned cars

BMW Motorrad India headed for record sales in 2022, trio of 310s to power growth

With the third member of the 310 series – the G310 RR – joining the BMW Motorrrad India portfolio on July 15, expect the two-wheeler arm of the BMW Group to accelerate growth in India. The first two siblings – the G310 R and G310 S – have been the company’s best-selling products right since… Continue reading BMW Motorrad India headed for record sales in 2022, trio of 310s to power growth

Ducati goes electric with new 170mph 2023 MotoE challenger

Italian motorbike firm Ducati has revealed the key technical details of its first electric motorbike, which will be used in the all-electric MotoE World Cup from next season onwards. The firm, which is owned by the Volkswagen Group’s supercar brand Lamborghini, has secured a deal to take over from Energica as the maker of the… Continue reading Ducati goes electric with new 170mph 2023 MotoE challenger