Suzuki Motorcycle Hits Record-Breaking Sales in India with 19 Percent Surge in October 2024

Suzuki Motorcycle Hits Record-Breaking Sales in India with 19 Percent Surge in October 2024

Last Updated:November 05, 2024, 15:43 IST Suzuki’s domestic sales soared to an all-time high, with 1,04,940 units sold—up by 24% from October 2023’s 84,302 units. Suzuki Gixxer SF 250 (Photo: Shahrukh Shah/News18) Japanese two-wheeler maker Suzuki Motorcycle on Tuesday said its vehicle sales in India jumped 19 per cent year-on-year at 1,20,055 units in October … Read more

EU tariffs on Chinese EVs are unlikely to dent their European expansion

EU tariffs on Chinese EVs are unlikely to dent their European expansion

People look at a BYD Dolphin electric subcompact during the 2023 Shenyang International Auto Show on May 3, 2023 in Shenyang, Liaoning Province of China. Vcg | Visual China Group | Getty Images Chinese electric vehicles will remain competitive in Europe despite the EU’s additional tariffs on autos made in the country, particularly after they … Read more

Fed minutes signals September rate cut

Fed minutes signals September rate cut

Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Auto sales decline for second straight month in August

Auto sales decline for second straight month in August

Sales of passenger vehicles in the local market declined for the second straight month in August, on a high base, and with carmakers reducing dispatches to rationalise stocks at dealerships. According to industry estimates around 350,000-355,000 cars, sedans and utility vehicles were dispatched from factories to dealerships last month, which is a decline of 1.7-3% … Read more

Fed minutes signal September rate cut

Fed minutes signal September rate cut

Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Car cos find roads to dealers choked: PV sales decline for the first time in 2.5 years in July amid sluggish demand

Car cos find roads to dealers choked: PV sales decline for the first time in 2.5 years in July amid sluggish demand

New Delhi: Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales data only later … Read more

Foreign carmakers in China face ‘increasingly precarious’ situation

Foreign carmakers in China face ‘increasingly precarious’ situation

Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s … Read more

EU announces higher tariffs on Chinese EVs as trade tensions sharpen

EU announces higher tariffs on Chinese EVs as trade tensions sharpen

Employees work on the assembly line of new energy vehicles at a factory of Chinese EV startup Leapmotor on April 1, 2024 in Jinhua, Zhejiang Province of China. Shi Kuanbing | Visual China Group | Getty Images The European Union on Wednesday said it would slap higher tariffs on Chinese electric vehicle imports, which it … Read more

Force Motors to shut down its agricultural tractors business

Force Motors to shut down its agricultural tractors business

Force Motors said on Friday it will close its agricultural tractors business and related activities from March 31. The closure of business is part of the company’s product rationalisation programme under which it will focus on its core segments such as shared mobility transportation, last mile mobility and the creation of special vehicles for civil … Read more

How BYD grew from a battery maker to EV juggernaut, overtaking Tesla

How BYD grew from a battery maker to EV juggernaut, overtaking Tesla

In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world’s largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars at unbeatable prices, and chief among them is Warren Buffett-backed BYD. In … Read more