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2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

Likewise, the auto components industry also touched a new high. According to data shared by Automotive Component Manufacturers Association (ACMA), in FY23, the industry grew 32.8 Similar growth is expected in passenger vehicle sales volume, driven by strong demand in the SUV segment. percent to clock a turnover Rs 5.60

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade.

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‘Hatchbacks are here to stay; no guarantee that SUVs will remain popular in the future’: RC Bhargava | Autocar Professional

Baua Electric

The Chairman of Maruti Suzuki India Limited who is also a seasoned veteran in the auto industry spanning over four decades, firmly advocates that for India to progress into a developed nation, accessible mobility options are imperative. What can he afford? But one thing is clear: Hatchbacks are here to stay. What will he use?

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Audi e-tron Sportback electric SUV edges closer to production form

Green Car Reports

We've seen and driven the upcoming Audi e-tron quattro electric SUV, and this week got a look at the more affordable Q4 e-tron as well as four new plug-in hybrids coming from Audi. In between, the brand is also scheduled to release a fastback version of the e-tron Quattro SUV, called the e-tron Sportback.

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Can small car segment bounce back by 2026? Trends suggest otherwise

Baua Electric

By: HT Auto Desk | Updated on: 10 May 2024, 13:15 PM The small car segment, which includes the hatchbacks, once ruled the Indian auto industry with nearly half the market share. After the surge of SUVs, the share has dropped to below 30 per cent in the last couple of years. It currently has at least five SUVs.

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India’s FY24 PV sales grow 8.5% to a record 4.23 million cars; SUVs now account for more than half of volumes  | Autocar Professional

Baua Electric

Driven by improved availability of semiconductors and pent-up demand as well as the expanding economy, India’s passenger vehicle industry grew at around 8.5 The craze for sports utility vehicles (SUVs) offset the impact of weakness in demand for small cars. SUVs now account for over 50 percent of the passenger vehicle industry volume.

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EV prices nipping at gas-powered vehicle heels with discounts and cheaper options

Baua Electric

A new RWD Model Y , starting at $43,990, brought the average down even further as Tesla’s cheapest electric SUV in the US. With an average transaction price of $50,051, Tesla is slightly below the industry average and within $1,300 of the average gas-powered vehicle. Tesla led the way after slashing prices all year. It could be close.

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