Remove Auto Remove Automobile Remove Indonesia Remove Market
article thumbnail

Hyundai Kona EV to start operations in Indonesia

Teslarati

The Hyundai Kona electric vehicle (EV) will kick start the company’s battery factory operations in Indonesia. The South Korean automaker will reportedly launch its all-new Hyundai Kona EV at the 2024 Gaikindo Indonesia International Auto Show (GIIAS). The Kona EV is the ideal vehicle for the ever-growing global EV market.

Indonesia 120
article thumbnail

CarDekho Group eyeing 40% consolidated growth in FY25: Founder Amit Jain – ET Auto

Baua Electric

“About 4-5 years back we went to Indonesia, started our office, and expanded significantly, now is the time to go to new horizons so we can plant more seeds for future growth,” Jain said. It also houses fintech and, insurtech brands like InsuranceDekho and Rupyy.

Auto 52
article thumbnail

Toyota sales slide as aggressive price cuts by BYD, Chinese EV makers take effect

Baua Electric

Toyota’s global sales fell over 5% last month, partly driven by the impact of BYD’s price cuts in key markets like China, Southeast Asia, and even Japan. Despite growth in Europe (+2.7%) and Latin America (+6.5%) last month, Toyota’s sales were hit hard in Asia, its biggest market. from June 2023. Last month, Toyota’s sales fell 7.2%

BYD 52
article thumbnail

Nissan and Honda unite to join global software-defined EV race, play catch up with Tesla

Baua Electric

Mitsubishi’s CEO Takao Kato explained, “Collaboration with partners is essential in today’s auto industry,” with EVs and other tech rapidly developing. The Nissan, Honda, and Mitsubishi partnership comes as Tesla and Chinese EV makers like BYD continue expanding in key global markets, including Japan, taking market share.

Honda 52
article thumbnail

Volkswagen Group and Tata Motors Ltd. to explore strategic alliance for joint development projects; ŠKODA to lead

Green Car Congress

Matthias Müller, CEO of Volkswagen AG, Bernhard Maier, CEO of ŠKODA Auto and Günter Butschek, CEO and Managing Director of Tata Motors Ltd., In order to share responsibility among the Volkswagen Group brands, ŠKODA Auto is to lead the project. That is why we are systematically pursuing our regional growth strategy. billion in 2015-16.

Motoring 150
article thumbnail

Rebounding Mitsubishi expects North American profitability to surge

Baua Electric

In the meantime, creation of the Indonesia-built Xpander worth automobile to Mexico helps shore up industry in every other essential North American marketplace, the corporate stated. Mitsubishi, which lately kicked off a brandnew mid-term marketing strategy focused on international gross sales of one.1 billion yen ($277.5

article thumbnail

VinFast’s (VFS) global EV dealer network grows following new agreement in Middle East

Baua Electric

Since parent company VinGroup opened up its automotive arm in Vietnam, we’ve witnessed VinFast continue to expand to new markets, including Indonesia, the US, Canada, Europe, and most recently, India – all while unveiling more all-electric models like the VF 3 compact SUV and an electric pickup concept called the Wild.

Dealers 52