Passenger vehicle market leader Maruti Suzuki India, which has a near-50 percent share in the April 2020 to January 2021 period, is making strides in aftersales as well. The company has accomplished the milestone of setting up 4,000 service touch-points across India, with its workshops split under four categories. Maruti-authorised dealer workshops comprise the maximum… Continue reading Maruti Suzuki clocks 4,000 service outlets, intensifies focus on rural markets
Tag: Strategy
Volocopter Raises €200 Million in Series D Funding Round
Volocopter is in the final stages of providing new, sustainable mobility options for cities around the world. Their future services range from electric autonomous air taxis flying passengers directly and safely to their destinations to transporting goods with the company’s VoloDrone. Having ten years of development experience, Volocopter is a leader in the urban air… Continue reading Volocopter Raises €200 Million in Series D Funding Round
Sixt SE Announces Senior Management Succession Plan
Erich Sixt took over the company in 1969 from his father when it was still a local brand in Munich, Germany. Photo courtesy of Sixt. Sixt CEO Erich Sixt will resign from his position on the management board after the annual general meeting on June 16 of this year. Sixt (76) has helmed Sixt for… Continue reading Sixt SE Announces Senior Management Succession Plan
Tata Motors’ Pratap Bose among finalists for 2021 World Car Person of the Year
India’s and Tata Motors’ Pratap Bose is among the top five finalists for the 2021 World Car Person of the Year award. The five names were announced today when 93 World Car Awards (WCA) jurors from 28 countries collectively voted for the finalists by secret ballot. KMPG tabulated the vote results. To be eligible, award… Continue reading Tata Motors’ Pratap Bose among finalists for 2021 World Car Person of the Year
Uber spins out delivery robot startup as Serve Robotics
Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 billion, has officially spun out as an independent company called Serve Robotics. TechCrunch reported in January that a deal was being shopped to investors. Serve Robotics, a name taken from the autonomous sidewalk delivery bot that was developed and… Continue reading Uber spins out delivery robot startup as Serve Robotics
Blockchain doesn’t need cryptocurrency: McKinsey Digital’s Asia head
Mumbai: Anand Swaminathan, the head of McKinsey Digital in Asia, told ET that it would be a mistake to think that cryptocurrencies and blockchain technology are “so intertwined you can’t have one without the other”. The Indian government’s reported plan to ban all cryptocurrencies has drawn sharp reactions from members of the crypto community, who… Continue reading Blockchain doesn’t need cryptocurrency: McKinsey Digital’s Asia head
February tractor sales robust on strong rural cash flow
The momentum in the tractor market as we enter the last month of the FY2021. In February, most key tractor makers posted healthy growth both sequentially as well as annually on the back of robust demand and strong cash flows in rural markets. Mahindra & MahindraMahindra & Mahindra’s February tractor sales are up 24 percent… Continue reading February tractor sales robust on strong rural cash flow
Investors cheer second Japanese takeover by China’s Hisense
HONG KONG — A unit of Hisense Group, a major home-electronics maker in China, has reached a deal to purchase a controlling stake in a Japanese auto parts company, pushing the subsidiary’s shares up 10% in mainland trading on Tuesday. Hisense Home Appliances Group, a subsidiary of Hisense Group, announced after the market closed on… Continue reading Investors cheer second Japanese takeover by China’s Hisense
Auto Stock Roundup: GT Announces CTB Buyout, OSK Wins USPS Contract and More
The major highlight of the last week was the announcement of Cooper Tire’s CTB acquisition by Goodyear Tire GT. This transformational deal marks the collaboration of two of the biggest American tire companies. It will create a stronger and industry-leading U.S.-based tire manufacturer, having a more enhanced presence in distribution and retail channels. Awarding of… Continue reading Auto Stock Roundup: GT Announces CTB Buyout, OSK Wins USPS Contract and More
Dow Jones Rallies But Nasdaq Falls; Nio, Target, Zoom Stock Move On Earnings
TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have… Continue reading Dow Jones Rallies But Nasdaq Falls; Nio, Target, Zoom Stock Move On Earnings