BMW wants to double sales of electric vehicles in 2021 | Car News

BMW has introduced it aims to double its income of all-electric powered vehicles about the future 12 months. Regrettably, we never actually know how numerous all-electric powered vehicles the enterprise offered in 2020, but we do know that last 12 months it offered 193,000 designs that have been electrified in some variety or other (meaning hybrids of all varieties and electric powered).

The aim guiding all this is of program to comply with the requirements remaining established be a variety of governmental businesses, but also to capture up with Tesla. BMW is aiming for a 50 p.c improve in income

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Valeo preliminary H2 EBITDA margin 13.5% of sales | Automotive Industry News

Valeo has unveiled second-fifty percent 2020 preliminary monetary information and facts, with EBITDA margin symbolizing additional than 13.five% of product sales.

The supplier saw file free dollars stream generation of additional than EUR1.3bn (US$one.6bn) in the 2nd fifty percent, ensuing in more than EUR275m for whole-year, 2020.

Valeo recorded like-for-like growth in primary devices product sales of five.3% in the fourth quarter to EUR4.2bn, for whole product sales of EUR5bn.

“At a time when the automotive current market has been profoundly impacted by the Covid-19 crisis, I would like to thank the Valeo groups for their dedication and efficiency,” reported

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Passenger Vehicle sales up by 14.59% in December 2020, Auto News, ET Auto

Passenger Vehicle sales up by 14.59% in December 2020New Delhi: December 2020 introduced some cheer to the carmakers as the passenger automobile segment posted a double-digit growth of 13.59% at 2,fifty two,998 models in comparison to 2,22,728 models in the similar thirty day period very last yr, according to the numbers shared by Society of Indian Car Companies (SIAM)

It is to be observed that there is the lower foundation result of very last yr as most of the automakers were being making a lot less and decreasing inventory at dealerships to transit to BS-VI norms.

In December, over-all two-wheeler sales rose by 7.forty two% to 11,27,917 models

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Volkswagen tripled sales of electric cars last year

FRANKFURT, Germany — Europe’s force into electric powered autos is collecting pace — irrespective of the pandemic.

Automaker Volkswagen tripled profits of battery-only autos in 2020 as its new electric powered compact ID.3 arrived on the industry forward of rough new European Union limitations on vehicle emissions. And Germany, prolonged a laggard in adopting electric powered cars, noticed extra people buy electrics in December than opted for earlier dominant diesel cars.

Those people are early signs of what will probable be an approaching year of expanding industry share for electric powered autos as EU laws drive their adoption, irrespective of

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The Mustang tops Challenger and Camaro for sales in 2020 | Car News

It is a entertaining tradition, every single January, to take a gander at the automotive profits chart to see how each and every of the American muscle mass cars and trucks executed the former 12 months. In latest decades there have been just 3, and they really don’t figure amid the most effective-promoting designs in the market general, but how they do versus each and every other allots bragging legal rights to 1 organization.

Let’s agree we’ll take all the levity we can get immediately after the 12 months we have just skilled…

The 2020 profits figures clearly show that

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Boost in Bentley sales in 2020 despite the pandemic | Car News

The year 2020 has been incredibly tough for the broad greater part of automobile producers. Unsurprisingly, it has not hit luxury automakers like Bentley as difficult as many other folks, given that they cater to buyers that are possibly much more worried about the coronavirus than about building ends satisfy at the stop of the month.

Bluntly, it displays the gaps that exist involving sure strata of culture.

In reality, for Bentley, the past twelve months have been a document period of time. Especially, the British-dependent manufacturer ended 2020 with eleven,206 deliveries, beating its past document of eleven,089 set in

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Find Clearance Sales On A New Automobile!

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South Korean sales fall 8% in December | Automotive Industry News

With new social measures introduced in December to control the COVID-19 pandemic and new variants of the virus emerging globally, consumer sentiment in South Korea turned more negative in December

With new social measures introduced in December to handle the COVID-19 pandemic and new variants of the virus rising globally, customer sentiment in South Korea turned more detrimental in December

Domestic sales by the five major South Korean automakers merged declined by 8.1% to 133,061 units in December 2020 from one hundred forty four,839 in the same thirty day period of the former 12 months, according to preliminary knowledge produced separately by the businesses.

The knowledge did not involve sales by the minimal volume industrial auto manufacturers, including Tata-Daewoo and Daewoo Bus Corporation, as very well as sales of imported

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Tata Motors posts 24% growth in domestic sales at 150,958 units in Q3FY21, Auto News, ET Auto

Tata Motors PV Business has been witnessing a strong response for its ‘New Forever’ range, which is being supported by the continuous ramp-up of supplies.
Tata Motors PV Enterprise has been witnessing a solid response for its ‘New Forever’ vary, which is currently being supported by the continual ramp-up of provides.

New Delhi: Homegrown automaker Tata Motors on Friday registered 24% expansion in automobile product sales in the domestic current market at 150,958 units in Q3 FY21. Domestic product sales stood at 121,463 units in Q3 FY20.

For the certain month of December, the firm claimed a 21% raise in domestic product sales at fifty three,430 units as when compared to the identical month final 12 months when it marketed forty four,254 units in the

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December redefines auto sales with robust demand, Auto News, ET Auto

Representative Image
Consultant Graphic

NEW DELHI: Income are surging. Indian passenger car or truck market registered a reliable double-digit growth at 18% in the previous month of the most distressing year for the automotive market. The rise in need for safer and own mobility, new launches, and a minimal foundation thanks to BS-IV destocking previous year helped passenger cars to post positive growth for the fifth straight month in December.

In accordance to market veterans, it is still extremely early to conclude that the passenger car or truck section has recovered from previous December as most carmakers begun destocking inventory at dealerships,

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Tesla will ‘definitely’ begin India sales in 2021, Musk says

In Oct, the federal government of Maharashtra experienced invited Tesla to the state, months right after Musk suggested coming into the place upcoming calendar year.

Nitin Gadkari, India’s transportation minister, instructed the Indian Express on Monday that the EV maker may glance at assembly and manufacturing in India dependent on the product sales response. 

Tesla and the minister’s place of work could not be reached by Reuters for comment.

India has been keen to cut down its oil dependence and lower down on pollution, but its efforts to encourage EVs have been stymied by a absence of investment in manufacturing

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European sales fall 14% in November on stricter virus measures

Europe’s 5 major marketplaces all posted adverse effects.

France and the British isles — marketplaces that locked down in late October and early November — each and every observed profits plunge 27 %. Spain and Italy registered drops of 19 % and eight.three %, respectively. Registrations in Germany, which permitted automobile showrooms to keep on being open up right until Wednesday, slipped three %.

With just 1 month to go, the European automobile market has shrunk by three.eight million units this 12 months. Bloomberg Intelligence is forecasting a twenty five % decrease for the comprehensive 12 months.

The industry figures

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Michigan bill may end Tesla’s direct-to-customer sales

Some Michigan lawmakers are making an attempt to put a halt to Tesla’s direct-to-consumer sales, which bypass a traditional franchised supplier community. Considering the fact that January, when the point out of Michigan settled with the EV maker, Tesla has been capable to run its possess sales and provider facilities in the point out, anything that other automakers have been prohibited from accomplishing. Before that, Tesla owners had to acquire their vehicles to neighboring Ohio or Illinois for provider.

According to the Detroit News, the recently created Home Invoice 6233 would have preserved Tesla’s dispensation and codified it into

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Ford future models, US sales, global markets – the week | Automotive Industry Comment

US sales were scrutinised closely this week

US sales were being scrutinised carefully this 7 days

Long run designs, as standard, drew the most eyeballs on just-vehicle this 7 days. Ford led the pack. In this very first chapter of a 3-installment series, highlights of very likely developments for the Ford brand’s world wide vehicles line were being explored, along with electrified automobiles. This was followed by a look at coming developments in crossovers, SUVs and select-ups and a 3rd report all about the future of Lincoln.

We had two studies on the crucial US industry this 7 days – no extended the world’s largest (hunting at

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JLR retail sales fall 12% in Q2, show sequential quarterly recovery, Auto News, ET Auto

Particularly in China, JLR sales were up 28.5% year-on-year in the month of September.
Notably in China, JLR product sales were being up 28.five% yr-on-yr in the month of September.

New Delhi: Retail product sales of the Tata Motors-owned Jaguar Land Rover (JLR) for the three-month interval to September 30, 2020, have improved from the product sales in the previous quarter. Having said that, the product sales continued to be impacted by COVID-19 and declined eleven.nine% from the pre-COVID concentrations a yr in the past to 113,569 automobiles, the enterprise said in a release.

The luxurious carmaker has witnessed a quarter-on-quarter advancement of 50% from product sales of 74,067 automobiles in the prior quarter

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Online videos emerge as the new sales consultant for car buyers, says Google study, Auto News, ET Auto

In the used car segment, the report suggests that 94% of used car buyers research online.
In the applied motor vehicle phase, the report indicates that ninety four% of applied motor vehicle buyers analysis on the web.

New Delhi: Net and smartphones have widened the arrive at of electronic connectivity to every single realm of everyday living across the towns in India, even in the non-metros. From ordering textbooks, clothes, footwear, desired meals, groceries and food products and solutions, to speedy-relocating client merchandise, most people in the Tier-2 towns obtain all the things right after a thorough search in Youtube.

Recent surveys display that people in these towns even purchase their desired cars under the affect

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September Was A Great Month For New Vehicle Sales

Now that we are into the closing quarter of the yr, there are some promising symptoms that the automotive marketplace is on an upward trajectory as a demanding yr attracts to a near. In the US market place, the likes of Subaru, Toyota, and Hyundai all bought much more autos in September than in the similar thirty day period in 2019.

Subaru bought 60,103 autos in September 2020, a 16 percent yr-on-yr increase, and the very first time that the brand has bought over 60,000 autos since December 2019. It is really not rather ample to offset the effects of

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Supply of used cars falls with slowdown in new car sales, may trigger price hike, Auto News, ET Auto

The used car market size is around 1.5-1.7X (times) of the new car market.
The employed car or truck sector dimension is all around 1.five-1.7X (periods) of the new car or truck sector.

New Delhi: The increase in the employed car or truck sector all through the COVID-19 pandemic has turned the business of marketing cars and trucks upside down. Firms are witnessing a buoyant need for pre-owned autos, but there is a lack of offer! The slowdown in new car or truck revenue has now started out impacting the employed car or truck stock.

In accordance to marketplace authorities, the replacement cycle is likely up. This is impacting the offer of pre-owned cars

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Auto Inc reflects a mixed bag of sales, pins hope on festive season, Auto News, ET Auto

As per analysts, automakers are likely to report an increase in the purchase of vehicles during this time of the year.
As for every analysts, automakers are likely to report an maximize in the buy of cars throughout this time of the 12 months.

New Delhi: A sequential maximize in the thirty day period-on-thirty day period income for each phase has been brewing hope for the if not stressed automotive field. Nevertheless, the August 2020 cheer does not stem from a sustainable demand. Analysts forecast that with the festive period accounting for forty% of the overall once-a-year income, automakers are likely to report an maximize in automobile income throughout this time of the 12 months.

In the feeling of Rajesh Menon,

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Honda e sales in Japan to start 30th October | Automotive Industry News

Honda Motor verified this week it will begin product sales of its recently-unveiled “Honda e” in Japan at the conclusion of Oct, as aspect of a broader technique to “electrify” a large aspect of its product selection in the present-day ten years.

The automaker has set a focus on for hybrid and electrical motor vehicles to account for two-thirds of its world product sales by 2030.

The Honda e, which was unveiled in Europe earlier this month, is a 4-seater compact motor vehicle which the corporation says has a selection of up to 283km beneath the All over the world

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