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Mainland Chinese EV builders’ 2024 has got off to a bumpy start, after car deliveries dropped sharply amid mounting concerns about a slowing economy and job losses. ....
Pre-owned Car Market: The pre-owned car industry, which stayed strong despite challenges in FY22, saw a significant 14-16% growth in FY23. This growth was driven by factors like the market reopening, a growing preference for personal mobility, and rise in disposable incomes. The industry is expected to grow at a rate of 15% in FY24. ....
The Indian Broadcasting and Digital Foundation (IBDF) reported a 7% viewership growth in pay-TV homes, with 5.8 million households transitioning from free-to-air to pay-TV. This marks a reversal of the trend of pay-TV consumers switching to DD Free Dish. The IBDF said viewers in India are dedicating an additional 53 minutes per week to watching TV in 2023 compared to the previous year ....
FAME III: An impassioned plea for continued support came from vehicle OEMs, component makers and others involved in the EV ecosystem. Most industry players believe withdrawal of incentives would kill demand generation since price parity between electric and ICE vehicles is anyway a dream. ....
According to a report by Morgan Stanley, the dichotomy between the rise in electric vehicle purchases and increased oil demand challenges conventional expectations. Norway, boasting the highest EV penetration globally, serves as a compelling case study. Despite EVs constituting 80 per cent of new auto sales, the country s oil usage has not collapsed. ....