With the Budget in mind, let s find out between Nifty Realty and Nifty Energy, which sector should investors pick. The Budget will be announced on February 1, 2024. Since the general elections will be held in May, this will be the Interim Budget and a new Budget will be presented in July.
Both Nifty Auto and Nifty Realty indices are in focus after the RBI MPC kept its repo rate unchanged for the fifth time today, in the last policy meeting of 2023.
Installation Rate Jumps to 64.8%; Baidu and VW-Mobvoi are gathering pace
As artificial intelligence technology advances, voice has been a crucial way for people to communicate with machines, particularly in automotive field where voice interaction has improved driving safety and convenience significantly.
In 2019, 48.8% of passenger cars in China carried voice capability. From January to September 2020, the installation rate rose to 64.8%.
By brand, Volkswagen currently stays ahead in installations and keeps growing. From January to September 2020, Volkswagen installed voice capability in 1.08 million cars, an annualized upsurge of 42.2%. As for price range, the penetration rate of voice capability in cars priced between RMB300,000-500,000 is relatively higher, staying above 90% in the first nine months of 2020.