This projection follows a muted year-on-year growth of 1 percent and 3 percent for wholesale and retail sales, respectively, in FY2024.
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INDUSTRY NEWSLatest News
Japanese megabanks to divest strategic Toyota stakes worth USD 8.5 billion: Bloomberg
The unwinding of shareholdings by the banks in Toyota, one of Japan’s most prestigious companies, would underscore the growing impact of corporate governance reforms in …
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FeaturesWorld Beyond News
Connected cars: a revenue potential of USD 1,600 per vehicle for automakers
In an interconnected future, our cars will transform into vital nodes in a vast network.
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INDUSTRY NEWSLatest News
Renewables investment rebounds in Australia, needs faster pace to meet 2030 target: report
Currently, Australia’s renewable energy contribution stands at 40 per cent, falling well short of the target.
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INDUSTRY NEWSLatest News
Wardwizard Innovations & Mobility secures USD 1.29 billion EV order from Philippines
Wardwizard Innovations & Mobility Ltd., an Indian electric vehicle manufacturer, has secured a USD 1.29 billion order from Beulah International Development Corporation to supply electric …
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INDUSTRY NEWSLatest News
Brakes India and ADVICS join forces for advanced braking solutions in India
Leading Indian braking systems manufacturer Brakes India and Japanese premium brake system supplier ADVICS have announced a joint venture to cater to the growing demand …
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Panasonic’s energy division is grappling with potential challenges in meeting its previously set goals for electric vehicle battery production and sales, as the demand for …
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INDUSTRY NEWSLatest News
SpaceX’s Starship sucessfully returns to Earth, achieves landing test on fourth try
China has made several recent advances in its lunar program, including a second landing on the moon’s far side in a sample retrieval mission.
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INDUSTRY NEWSLatest News
Martin Sander joins Volkswagen Passenger Cars Board for Sales, Marketing, After Sales
Martin Sander brings a wealth of experience to Volkswagen, having served as Chairman of the Board of Management of Ford-Werke GmbH.
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Nio has recently launched the 2024 ET7 electric sedan and unveiled the Onvo smart EV brand, including the L60 model.