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Cholamandalam sees rural demand boom in vehicle financing | Autocar Professional

Baua Electric

Cholamandalam Investment and Finance Company Limited, a major participant in India’s vehicle financing sector, reported a significant surge in demand, particularly in rural markets. The company management anticipate a marginal rise in the cost of funds due to an expanding borrowing profile.

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Nissan Dealers May Foot the Bill for the Brand's Price-Cutting Sales Strategy

The Truth About Cars

Cutting new-car prices is a great way to boost sales, but it’s not always kind to the dealers stuck with the inventory. Others have called out the automaker’s shifting attitudes regarding dealer profit numbers, as it previously promised to prioritize their bottom lines over aggressive sales tactics.

Dealers 59
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Carvana trends report: Used EVs narrow price gap with ICE cars, triggering sales growth potential

Baua Electric

According to the data gathered, Carvana saw that its used EV sales mix achieved new highs while the price margin compared to traditional combustion vehicles narrowed. Carvana ($CVNA) is a Fortune 500 company that has introduced unique ways of revolutionizing the automotive retail segment. of its total.

Sale 52
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PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

Green Car Congress

a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. per share and warrant rights with a strike price of $0.65.

Financing 218
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The Biden Administration is on track to meet its 2030 EV sales goal

Teslarati

The Biden Administration is on track to meet its 2030 electric vehicle (EV) sales goal, said Energy Secretary Jennifer Granholm. The Biden Administration aims to have EV sales make up 50% of all car sales in the United States by 2030. Meanwhile, other electric vehicles in the US market have slashed prices by over 10%.

Sale 106
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Gevo closes $25.9M financing with Whitebox Advisors

Green Car Congress

a leading renewable technology, chemical products, and next generation biofuels company, has closed a private debt financing with Whitebox Advisors LLC consisting of a senior secured term loan exchangeable into senior secured convertible debentures. million in convertible debentures within 90 days of closing of the Financing.

Financing 231
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Roskill: Rising prices could be new norm for lithium industry

Green Car Congress

Although on paper, capacity in the pipeline appears sufficient to meet this demand growth, Roskill expects challenges and set-backs in developing, financing and commissioning lithium mining and refining operations. In 2019, rechargeable batteries accounted for 54% of total lithium demand, almost entirely from Li-ion battery technologies.