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In case you missed it here are latest news for you

Big Shift in the Indian Automotive Market: Small Cars Losing Ground to SUVs

The Indian automobile industry has changed significantly in recent years. Larger, more sophisticated cars like SUVs have grown in popularity to the point where they eventually overtook the formerly dominant small car market. Smaller vehicles from brands like Maruti Suzuki and Hyundai are becoming more and more popular overseas, even though Indians still like SUVs and feature-rich four-wheelers.

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Chinese Automotive Market Witnesses a Profit Growth of 29% to RMB142.8 billion

The China Passenger Car Association (CPCA) Secretary General, Cui Dongshu, reported that the Chinese automobile industry's revenue in the first four months of 2024 climbed by 8% YoY to RMB3,074.2 billion. On the other hand profits in the industry increased by 29% to RMB142.8 billion, but comparatively costs increased by 8% to RMB2,688.2 billion.

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BluSmart Seeks $300 Million to Expand Its Electric Vehicle Fleet

BluSmart, India's largest electric cab operator, aims to raise over $300 million within the next three years to expand its fleet significantly, positioning itself to compete with giants like Uber in the rapidly growing market.

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