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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

Green Car Congress

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.)

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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

Global vehicle sales totalled 5.55 This represents the largest year-on-year monthly decrease since 1980, when JATO Dynamics started to collect data—even surpassing the global financial crisis in November 2008, which saw a 25% decline in sales. million units in March 2020, down by 39% from March 2019. million units. million units.

Europe 261
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Electric vehicles sales & charging stations need in India

Electric Vehicles India

Electric vehicles sales & charging stations need in India. Let us know more in detail about Electric vehicles sales and charging stations. . If we look at the overall car sales across the world the electric car registrations were up to 41% in 2020 which is a 16% drop in overall car sales in the world.

India 59
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A mini industry spawns under the hood of a booming car market – ET Auto

Baua Electric

India’s passenger vehicle sales surged past 4 million units for the first-time ever in calendar year 2023. compared with sales of 3.79 In FY23, the used car sales rose 27% to 5.45 As per industry estimates, about 4.1 million passenger vehicles were sold in the last calendar year, an increase of around 8.2%

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India’s electric four-wheeler ride-hailing fleet incentives

Electric Vehicles India

According to the analysis by the International council on clean transportation (ICCT) study, the Indian ride-hailing market is estimated to have a compound annual growth rate of 19% and is forecasted to reach net sales of INR 3,806 billion (€46.8 All-electric passenger car sales were. billion, $52.5 billion) by 2024. 39% in Delhi.

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Planning to buy a car? Good time ahead with dangling discounts

Baua Electric

Read more The carmakers and dealerships may start offering attractive discounts and offers in the FY25 to boost sales of passenger vehicles, amid slumping consumer demand owing to various factors. However, the pace of booking and car purchase during the last three years may now see a slowdown, the experts have further projected.

Buy 52
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OLA S1 Electric Scooter Ownership Blog

Plug In India

While ICE vehicle 2 wheeler sales are slowing down, EV's are consistently growing at 20–25% month over month. The traditional scooter players like TVS, Hero, Honda, Suzuki, Vespa have yet to launch electric scooters. I had no issues, but with OLA's dealer-less model, i guess we need to get used to his kind of a thing.

Electric 143