EV-makers embrace online sales, fixed prices for growth By LI FUSHENG | China Daily | Updated: 2021-04-21 09:04 Share CLOSE Visitors check out a Volkswagen EV model during a promotion event in Shanghai in March. [Photo provided to China Daily]
New retail underlines transparency, puts car buyers in the driver s seat
Big change is upon the auto industry: Electric cars signify not only new ways of moving people but novel methods of selling mobility solutions.
SAIC Volkswagen, the German carmaker s joint venture in China, is selling its first model built on its dedicated electric car platform at a fixed price online. This marks a departure from conventional auto sales.
SunStar
(Photo grabbed from Senator Richard Gordon s Facebook)
+ April 21, 2021 SENATOR Richard Gordon directed Land Transportation Office (LTO) Assistant Secretary Edgar Galvante, LTO 7 Director Victor Emmanuel Caindec, and the Bureau of Internal Revenue (BIR) to “go after the motorcycle dealers who have been charging undue interest rates to motorcycle owners and yet they have not filed proper taxes.”
He said that this is to bring justice to the thousands of motorcycle owners who have been deprived of their proper rights of ownership.
“Fiat justitia ruat caelum, Gordon said after he officially suspended the Senate Blue Ribbon Committee hearing on the alleged anomalies in the LTO Tuesday, April 20, 2021. The statement means Let justice be done though the heavens fall.
Why fresh lockdowns may spell more trouble for two-wheeler stocks
The volume recovery for bikes has been slower than that of the passenger cars.
Synopsis
Over the past few days, five states accounting for nearly 30% of the country’s bike sales volume, have imposed lockdowns resulting in a complete halt in retail sales.
ET Intelligence Group: The stocks of two-wheeler makers have trailed the benchmark Nifty 50 by 5.6% over the past month. Their price-earnings multiples are now 13-17% lower than the one-year average. The underperformance may continue in the near-term due to the possibility of a higher degree of slippage in motor bike volumes as several cities and towns in India undergo another phase of lockdown to contain the second wave of the pandemic.