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Forecast: Indias car sales to surpass 2.6M units; more affordable small cars and new demand

Green Car Congress

A Business Monitor International (BMI) report forecasts that car sales in India will surpass 2.6 Diwali celebrations and strong economic growth contributed to record car sales in India in October 2010. While BMI forecasts growth of 17.4% for the eight months to August on a calendar year basis.

India 199
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NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

NIO maintains its previously mentioned goal of doubling sales, despite greater challenges to meet the goal, said William Li. NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. Photo taken by CnEVPost.) percent year-on-year and 23.6

Price 141
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Pike forecasts $1.4B market for EV telematics by 2017

Green Car Congress

Annual revenue from worldwide sales of electric vehicle telematics will total $1.4 billion by 2017, Pike forecasts. Pike Research’s analysis indicates that, by the end of the forecast period, 80% of PEVs will come with connected vehicle systems installed. by 2017, up from $10.65

2017 261
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Automotive sales in Russia in 2015 down 35.7%

Green Car Congress

Sales of new passenger cars and LCVs in Russia decreased by 457% in December 2015, with a 35.7% drop for the entire year, according to figures released by The Automobile Manufacturers Committee of the Association of European Businesses (AEB) in Russia. AEB member forecast for the total market in 2016 is to reach 1.53

Russia 150
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StreetScooter to form JV with Chery for electric light utility vehicles

Green Car Congress

StreetScooter GmbH, a subsidiary of Deutsche Post and market leader for electric light commercial vehicles (eLCV), has signed a memorandum of understanding (MoU) with the Chinese automobile manufacturer Chery Holding Group (Chery) establishing a joint venture between the two companies. Total investment could be up to €500 million.

Chery 236
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China Forecast to Produce 12M Vehicles This year

Green Car Congress

China is forecast to produce a record 12 million vehicles this year, according to an official with the National Development and Reform Commission (NDRC). Sales of China’s domestically-made automobiles totaled 1.09 People’s Daily. million units in July, up 63.57

China 218
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Green NCAP LCA study shows detrimental climate and energy impact of increasing vehicle weight, including EVs

Green Car Congress

Compared to last year’s release, calculations consider the increasing share of battery production in Europe and use the forecast of energy supply in the period 2022‑2037. Sales of small SUVs have increased five times, becoming the most sold vehicles in 2022 with about four million cars sold across Europe. MWh of extra energy used.

Green 453