Car companies may be battling the slowdown with job cuts. But new opportunities are opening up for auto engineers & diploma holders in organised used car retail, a segment that is expanding rapidly. Demand for used cars have seen an increase of 12-15% for over a year now. Currently, the organised used retail industry directly employees around 10,000 people.
Under new Sebi norms, the top 500 listed entities will have to ensure that the chairperson is a non-executive director from April 1, 2020.
Passenger vehicle companies are already monitoring dealer health even as the liquidity crisis and slow sales take their toll on the network.
Guenter Butschek also talked about the current slowdown and turnaround in the company.
A list of next-generation of top leaders at the Mahindra Group will likely be announced in four-five months.
A new regulation under consideration could soon mandate that quality of these ‘protective headgear’ be finally brought under the BIS Act.
The new stringent FAME2 guidelines have effectively left out 90%-95% of the electric two-wheeler market from the subsidy net.
Scooters, the darling in the two-wheeler space till January, has trailed motorcycles as rural buyers preferred bikes more.
According to top players in the organised used car market like Mahindra First Choice Wheels, OLX or Truebil, the segment saw a growth rate of 40-50 per cent this year.
The investment by family offices rose to $673 million in 2018, the highest in the last three years.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon