Electric vehicles are the future! As the year’s pass, automotive makers are in a constant hustle to introduce newer and upgraded versions of these vehicles in the market. The number of EVs enlisted across the globe multiplied greatly in 2020, as indicated by the International Energy Agency (IEA) – and this is expected to proceed […]
FY 2019 : Economic and Automotive Performance
India continues to remain the fastest growing major economy in the world in 2018-19, despite a moderation in its GDP growth from 7.2% in 2017-18 to 6.8% in 2018-19. On the other hand, the world output growth declined from 3.8% in 2017 to 3.6% in 2018. The slowdown in the world economy and Emerging Market […]
Indian Automotive Sector Updates
Passenger Vehicle sales dropped by 31% in July 2019, compared to off take over similar period of previous year. July 2019 was the ninth straight month witnessing the decline in auto sales. The glimpses of slowdown in auto industry started actually a year back from now (from Q2-FY19) and started worsening from Q1-FY20 till first […]