TVS Motor Company is sharpening its focus on the performance-oriented scooter segment, one of the fastest-growing categories in India’s two-wheeler market. With scooters increasingly becoming the vehicle of choice for younger, urban riders, the company sees sporty scooters as a long-term growth engine that will not only strengthen its leadership in the segment but also… Continue reading TVS Motor Bets on NTorq 150 to Ride the Sporty Scooter Wave
Tag: Electric vehicles
China’s EV marques must redouble deliveries in coming months to meet 2025 break-even goal
Chinese makers of smart electric vehicles (EV) will have to redouble their efforts over the next few quarters to stay on track to break even as the brutal discount war in the world’s largest vehicle market shows few signs of abating. From Nio to Xpeng and Zeekr, China’s EV start-ups have been reporting smaller losses… Continue reading China’s EV marques must redouble deliveries in coming months to meet 2025 break-even goal
American Eagle, Jet2, Tesla rival BYD: Trending stocks
00:00 Speaker A Welcome back to Market Sunrise. We are now doing our trending tickers and our first trending ticker today is American Eagle Outfitters. The ticker there is AEO. It shares soared more than 25% in after hours following its earnings report. It’s now trading over 26% higher in pre-market now. 00:26 Speaker A… Continue reading American Eagle, Jet2, Tesla rival BYD: Trending stocks
Chinese electric car giant quadruples share of UK market
BYD is the biggest seller of EVs globally – Chan Long Hei/Bloomberg Chinese giant BYD is dramatically growing its share of the British car market as sales of electric vehicles (EVs) pick up. The company – which sells EVs and hybrids – sold 1,759 vehicles in August, up from 438 during the same month last… Continue reading Chinese electric car giant quadruples share of UK market
BYD slashes sales target, hinting growth is cooling: sources
STORY: BYD’s era of white hot growth could be coming to an end. Reuters sources say the Chinese EV giant has slashed its sales target for the year by up to 16%. The country’s largest automaker said in March it was targeting sales of 5.5 million vehicles this year. But the sources say that number… Continue reading BYD slashes sales target, hinting growth is cooling: sources
China’s Electric Car Industry Is in Deep Trouble
China’s electric vehicle industry is, by most accounts, experiencing unprecedented boom times: the cars are cheaper, consumers more primed to purchase them, and there are lots of viable options outside of Tesla. Unfortunately, that competition comes with a price — or rather, with a price war. As the New York Times reports, rabid competition among… Continue reading China’s Electric Car Industry Is in Deep Trouble
Auto industry hails GST rate cut as timely boost for affordability, demand
Industry leaders also welcomed the government’s decision to retain the 5 per cent GST on EVs, saying it would sustain momentum in the shift towards sustainable mobility. The Indian automobile industry on Thursday welcomed the GST Council’s decision to reduce tax rates on vehicles, calling it a timely reform that will make cars and two-wheelers… Continue reading Auto industry hails GST rate cut as timely boost for affordability, demand
GST 2.0 FAQs: How new tax slabs will impact cars, EVs, FMCG. Everything you need to know
Nirmala Sitharaman at the GST Council press briefing. In an impromptu press conference on Thursday, held at 10:00 PM to brief about the outcome of the GST Council meeting, Finance Minister Nirmala Sitharaman announced sweeping GST reforms in what could be described as the most significant overhaul of India’s indirect tax regime since its launch… Continue reading GST 2.0 FAQs: How new tax slabs will impact cars, EVs, FMCG. Everything you need to know
From Trading Floors to Social Media: Maruti Suzuki Victoris Creates a Flutter
When Maruti Suzuki unveiled the Victoris, it sparked conversations from boardrooms to Twitter threads. For years, the company had watched rivals like Hyundai’s Creta and Kia’s Seltos capture hearts and wallets in India’s SUV market while its own Grand Vitara struggled to gain traction. Now, with the Victoris, both industry experts and car enthusiasts are… Continue reading From Trading Floors to Social Media: Maruti Suzuki Victoris Creates a Flutter
Mercedes-Benz and TERI Launch Skills Programme for EV Charging Infrastructure
Mercedes-Benz Research and Development India (MBRDI) and The Energy and Resources Institute (TERI) launched a comprehensive skills training programme for electric vehicle charging infrastructure operators, addressing critical workforce gaps identified in their joint whitepaper published today. The whitepaper, titled “EV Charging in India: Ecosystem Perspectives and Skilling Opportunities,” was unveiled at Mercedes-Benz Sustainability Dialogue India… Continue reading Mercedes-Benz and TERI Launch Skills Programme for EV Charging Infrastructure