Assam CM invites S. Korean investors for automobile manufacturing Hub
Chief Minister of Assam Himanta Biswa Sarma on Monday invited automobile giants from South Korea to invest in Assam.
Chief Minister of Assam Himanta Biswa Sarma on Monday invited automobile giants from South Korea to invest in Assam.
December 2024 proved to be a setback for the automobile sector with total retail sales declining by 12 per cent year-on-year, data shared by the Federation of Automobile Dealers Associations (FADA) said.
The automobile retail sales in November fell below market expectations, posting an 11.2 per cent growth compared to the same period last year. The development comes following a lucrative festive season in October.
The downward revision reflected delays in the recovery of automobile exports, impacted by certification-related issues with certain manufacturers.
Inventory levels in passenger vehicles in June reached an all-time high, ranging from 62 to 67 days, the report said
MT Autocraft, a leading supplier of machined components and assemblies, on Wednesday announced the launch of electric mobility company MTA E-Mobility Pvt Ltd (MTA EV) with a seed funding of Rs 100 crore.
Hyundai's sales climbed 7 percent to 60,604 units last month from 56,761 a year ago, while Kia's were up 12 percent to 58,276 from 52,067 during the same period, the data showed, reports Yonhap news agency.
The recent release of the Indian Blue Book (IBB) report 2022 estimates the used car market at USD 23 billion in FY22 and speculates it to grow at a double rate of 19.5 per cent CAGR till FY27.
The connected car penetration surpassed that of non-connected cars for the first time ever globally, capturing almost 50.5 per cent share in the second quarter (Q2) this year. 5G-ready car sales surpassed half a million, though 4G accounted for 90 per cent of connected car sales.
In 2021, Cambodia exported a total of $630.69 million worth of bicycles, climbing by 20.58 per cent over the $523.04 million booked in 2020, according to the finance ministry.
