Tata Group has launched the Tata Nexon EV as well as an electric vehicle ecosystem, called the Tata UniEVerse. The ecosystem comprises public charging stations, battery manufacturing facility, sales network and financing. Tata Power and to install 300 public fast chargers across the country by March 2020 and then take it up to 650 by March 2021.
Daimler India Commercial Vehicles (DICV), the maker of Bharat Benz trucks, expects January-March quarter (Q1) to be positive after decline of multiple quarters, and is hoping for sops in the upcoming budget to drive consumption and cushion the decline that is expected post price increase of almost 10-15% in Q2 and Q3 of 2020 due to the implementation of BS-VI norms-compliant technology.
Tata AutoComp has 10 other similar joint ventures in partnership with leading companies from the global auto component industry through which it manufactures and markets a variety of automotive components and systems. It has 36 manufacturing facilities spread across India and 9 facilities spread across North America, Latin America, Europe and China.
The tyre industry in India has seen its growth momentum getting arrested due to a slowdown in the sales of vehicles, which has led Cear to defer some of its planned capital investment but they still see an opportunity in export.
Revenue of automakers, excluding Tata Motors, is expected to fall in low single digits, research reports show.
Customers paid the steep booking amount of Rs 1 lakh to book the Carnival MPV, which will be launched at the Auto Expo in Greater Noida next month, Kia said. The prices for the premium MPV are yet to be announced. The carmaker further said that 64 per cent of the bookings were for the higher-end Limousine variant of the vehicle.
Revenue of automakers, excluding Tata Motors, is expected to decline in low single digits.
The number of registrations at RTOs came down by 15% in December as compared to a year ago.
Exports can be a good hedge for domestic slowdown. Beyond Saarc, we are looking at Asean and Middle East.
“Although, M&M has also witnessed some moderation in its sales volume amidst the current industry wide slow down faced by commercial vehicle manufactures, however it continued to hold market share in some of the key commercial vehicles categories,” read a statement from the rating agency.
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