Highest ever PV sales – both for first half of the year as well as second quarter – was driven by demand for SUVs, says Society of Indian Automobile Manufacturers.
According to experts, fresh demand & healthy stocks at dealerships now driving up sales. This year, industry expects to sell over one million units — its highest in festival season.
The commercial vehicles segment also saw an uptick in sales, with industry leaders Ashok Leyland and Eicher Motors posting 5% and 6.5% rise respectively.
Maruti has seen overall market share dented due to lack of SUV products. It hopes new lineup, including new Brezza variant, Grand Vitara & upcoming models, will pick up the slack.
Production and inventory levels are up. However, traders expect this season to see change in purchase patterns amid the pandemic and missing Chinese goods.
Country's used lithium-ion battery problem is also set to grow sharply in next decade. India 3rd largest e-waste producer with 7% global share but currently recycles only about 10% of it.
Shield AI will provide V-BAT vertical takeoff & landing drones along with licences for software, which will be integrated into aircraft and made available to select Indian partners.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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