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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. Magna said it expects full-year 2024 sales of USD 42.6 billion to USD 44.2 billion to USD 45.4

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

—things are far from back to “normal,” or at least the normal defined by the consumer-incentive-induced sales levels of the past. —things are far from back to “normal,” or at least the normal defined by the consumer-incentive-induced sales levels of the past. million units in lost vehicle sales this year.

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Can small car segment bounce back by 2026? Trends suggest otherwise

Baua Electric

By: HT Auto Desk | Updated on: 10 May 2024, 13:15 PM The small car segment, which includes the hatchbacks, once ruled the Indian auto industry with nearly half the market share. After the surge of SUVs, the share has dropped to below 30 per cent in the last couple of years. It currently has at least five SUVs.

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Component makers line up capex, scout for land parcels as business booms – ET Auto

Baua Electric

For FY25, ICRA has projected that its sample of 45 auto ancillaries with aggregate annual revenue of INR 2.7 New Delhi: Domestic sales of cars and two wheelers are projected to slow down in the new fiscal year but the makers of critical auto components are going on full steam with capital expenditure. lakh crore to grow by 5-7%.

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Hatchbacks not giving up territorial rights so easily | Autocar Professional

Baua Electric

In those days, India revolved around the pulse of small cars, an automotive ethos that endured for decades, reigning supreme until 2017-18, after which tides started turning in the favour of SUVs (sports utility vehicles). What’s more, in March 2024, for the first time, the top two vehicles sold were SUVs—Tata Punch and Hyundai Creta.

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It’s easy to criticize, hard to create; my motto is never give up, says Henrik Fisker – ET Auto

Baua Electric

He admitted that while the auto industry might be the hardest to succeed, the nascent EV industry is even more difficult. But he is personally “excited about doing great work in this industry and bringing new innovative EVs to the world”. Henrik Fisker, Founder & CEO, Fisker Inc.

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Three perspectives on China’s EV industry (spoiler alert: legacy brands are toast) – Charged EVs

Baua Electric

Jeremiads lamenting China’s takeover of the global auto industry are everywhere these days. Retreating behind tariff walls or outright bans will further isolate America’s auto industry into a Galapagos market of ridiculous trucks sold at nosebleed prices.” Three recent accounts stand out from the pack. Hard to imagine?