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SUV sales surge in India’s preowned car market – ET Auto

Baua Electric

The rise in SUV sales highlights the evolving trend in India’s car market, with consumers increasingly gravitating towards vehicles that offer both comfort and style, along with higher ground clearance and heavy vehicle build.

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Honda to focus on increasing hybrid volume with core models: CR-V, Accord and in the future, Civic; Insight production ends in June

Green Car Congress

To make room for these moves, Honda will conclude Insight production in June. Honda will introduce all-new models of the CR-V Hybrid this year, followed by the Accord Hybrid, which will eventually make up 50% of the sales mix of each model. —Mamadou Diallo, vice president of Auto Sales at American Honda Motor.

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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. Magna said it expects full-year 2024 sales of USD 42.6 billion to USD 44.2 billion to USD 45.4

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Sheeva.AI enables in-vehicle payment technology for Citroen C3 Aircross SUV AT – ET Auto

Baua Electric

Citroën C3 Aircross SUV AT New Delhi: Sheeva.AI has introduced in-vehicle payment technology through SheevaConnect product suite for Citroën C3 Aircross SUV AT , a budget-friendly automatic midsize SUV in India. enabled Citroën C3 Aircross SUV AT vehicles are now available in showrooms across India. Other Sheeva.AI

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Component makers line up capex, scout for land parcels as business booms – ET Auto

Baua Electric

For FY25, ICRA has projected that its sample of 45 auto ancillaries with aggregate annual revenue of INR 2.7 New Delhi: Domestic sales of cars and two wheelers are projected to slow down in the new fiscal year but the makers of critical auto components are going on full steam with capital expenditure. lakh crore to grow by 5-7%.

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Rising disposable income giving a thrust to connected cars in India – ET Auto

Baua Electric

Car variants that are connected feature-rich contribute as much as 45% of sales of a particular model, according to industry estimates. Given the robust demand, carmakers have started offering such features in all premium SUVs sold in the local market. They are aware, tech-savvy and aspirational.

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Ford introducing new midsize SUV in China; Territory will offer 48V mild hybrid and plug-in hybrid variants

Green Car Congress

Ford has released the first images of the new Territory, a mid-size SUV targeted at new buyers in emerging cities in China. Territory customers can choose between a fuel-efficient gasoline engine option; 48V mild hybrid with Miller-Cycle technology; and a plug-in hybrid powertrain when it goes on sale in early 2019.

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