India’s largest carmaker Maruti Suzuki is facing a problem of plenty. With petrol and diesel prices continuing to be high, even after the November 4 excise duty cut, demand for Maruti’s CNG-fueled cars has skyrocketed. However, the company, like other carmakers in India, is battling a demand-supply mismatch as a result of the continuing semiconductor… Continue reading CNG models account for 43% of Maruti Suzuki’s 280,000 order backlog
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$14 Billion Global Off-road Vehicle Market Expected to Grow at a CAGR of 4.12% Between 2021 and 2026
DUBLIN, Dec. 23, 2021 /PRNewswire/ — The “Off-road Vehicle Market – Growth, Trends, COVID-19 Impact, and Forecast (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering. The off-road vehicle market was valued at USD 14 billion in 2020, and it is anticipated to reach USD 18 billion by 2026, registering a CAGR of 4.12%… Continue reading $14 Billion Global Off-road Vehicle Market Expected to Grow at a CAGR of 4.12% Between 2021 and 2026
New brand in the portfolio from 2022: Auto König becomes a Suzuki dealer
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Auto industry hopes for smooth ride in New Year after a bumpy 2021
In an interaction with PTI, Maruti Suzuki India Chairman R C Bhargava expressed hope that 2022 would pan out to be better for the industry as compared to 2021. By Munish Shekhavat New Delhi: The Indian automotive industry is driving into 2022 with a positive mindset in its quest to reach the pre-pandemic levels of… Continue reading Auto industry hopes for smooth ride in New Year after a bumpy 2021
Will rising CNG prices drive demand towards EVs?
CNG has become costlier by Rs 2 a kg from December 17 and now costs Rs 63.50 a kg in Mumbai, as announced by Mahanagar Gas. This is the third price increase in consecutive months and the fifth this year. In the past three months, CNG (compressed natural gas) has turned costlier by 22% or… Continue reading Will rising CNG prices drive demand towards EVs?
Renewable energy-focused SPAC AP Acquisition prices $150m IPO in New York
AP Acquisition Corp, a SPAC with a focus on decarbonisation and the renewable energy sector, is looking to raise about $150 million in an initial public offering (IPO) on the New York Stock Exchange (NYSE), the company said in a statement. SPACs are blank cheque companies that raise capital solely to acquire private entities with… Continue reading Renewable energy-focused SPAC AP Acquisition prices $150m IPO in New York
Mahindra Cero to set up four more scrappage units in Maharashtra
Mahindra Cero, the vehicle scrappage JV (Mahindra MSTC Recycling) of the Mahindra Group, is set to expand its operations. The company has inked an MoU with the government of Maharashtra through the Industries, Energy and Labour Department to set up additional world-class vehicle scrapping centres in Maharashtra. The proposed scrappage centres will have the capacity… Continue reading Mahindra Cero to set up four more scrappage units in Maharashtra
Japan’s top business lobbyist backs Myanmar coup, urges investment
A Japanese former politician who campaigned to bring billions of dollars of investment from some of Japan’s top companies to Myanmar has urged Japan to endorse its military regime, saying the nation’s coup leader has “grown fantastically as a human being,” while praising his “democratisation efforts.” The 87-year-old former cabinet minister, Hideo Watanabe, is also pursuing a $42-million shopping… Continue reading Japan’s top business lobbyist backs Myanmar coup, urges investment
Top 10 fuel-efficient petrol cars in India
While car owners in India have seen some respite in petrol rates – with the November 4 excise duty cut by the Centre and some states and prices remaining stable – a price hike in the future cannot be ruled out. So, having a fuel-efficient car can help you save that little bit more on… Continue reading Top 10 fuel-efficient petrol cars in India
Creta sells 80,476 units in April-November but Ertiga, Brezza closing in fast
Top 5 UVs (356,717 units) contributed 41% to total UV sales of 870,894 units (April-November 2021). Ertiga Just 6,550 units behind leader Creta and Brezza 7,527 units behind. When the top five models in a specific vehicle sub-segment account for 41% of total sales and also for nearly 20% of total passenger vehicles sales in… Continue reading Creta sells 80,476 units in April-November but Ertiga, Brezza closing in fast