Volvo says it will make only electric vehicles by 2030. But if you want one, you ll have to buy it online. The Swedish automaker said Tuesday that it is phasing out the production of all cars with internal combustion engines including hybrids. There is no long-term future for cars with an internal combustion engine, said Henrik Green, Volvo s chief technology officer. Volvo s announcement follows General Motors pledge earlier this year to make only battery-powered vehicles by 2035.
Volvo also said that, while its all-electric vehicles will be sold exclusively online, dealerships will remain a crucial part of the customer experience and will continue to be responsible for a variety of important services such as selling, preparing, delivering and servicing cars.
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Mahindra & Mahindra (M&M) announced that its total auto sales decline by 11.4% to 28,777 vehicles in February 2021 from 32,476 in February 2020.
Sequentially, the company s auto sales have decreased 26.5% in February 2021 from 39,149 units sold in January 2021.
In the utility vehicles (UVs) segment, Mahindra sold 15,380 vehicles in February 2021, compared to 10,675 vehicles in February 2020, registering a growth of 44%. The passenger vehicles segment (which includes UVs, cars and vans) sold 15,391 vehicles in February 2021, a growth of 41% over same period last year.
Exports for the month of February 2021 were at 1,827 vehicles, down by 1% from 1,839 vehicles sold in the same period last year.
According to Veejay Nakra, chief executive officer, automotive division, M&M, At Mahindra we have witnessed a growth of 44% in UVs for the month of February, 2021. Demand continues to remain buoyant for our range of SUVs and Pick-ups and we have a robust order pipeline. However, supply of
Ashok Leyland rose 1.47% to Rs 130.8 after the commercial vehicles maker s total sales jumped 19% to 13,703 units in February 2021 as against 11,475 units sold in February 2020.Sequentially, the company s total auto sales advanced 4.4% last month from 13,126 units sold in January 2021.
Ashok Leyland s domestic sales stood at 12,776 units in February 2021 as against 10,612 units in February 2020, registering a 20% increase year-on-year (Y-o-Y).
Ashok Leyland, flagship of the Hinduja group, is among the largest manufacturer of commercial vehicles in India and also among the biggest manufacturers of buses and trucks globally.
The company posted a standalone net loss of Rs 19.38 crore in Q3 FY21 as against net profit of Rs 27.75 crore in Q3 FY20. Net sales jumped 20.5% to Rs 4,789.82 crore in Q3 FY21 over Q3 FY20.