India’s rapidly growing auto market is poised to hit a milestone, with projections indicating it will reach USD 300 billion by 2026. This growth is fueled by various factors, including rising income levels, urbanization, and a burgeoning middle class with increasing purchasing power.In March 2024, the Indian auto industry produced a total of 2,325,959 units, … Read more
Boosted by strong electric vehicle sales, Chinese car makers will be in the spotlight at the Bangkok International Motor Show this week, underscoring the growing challenge to Japanese auto giants that have long dominated Thailand’s vehicle market. Chinese automakers such as Geely’s Zeekr and state-owned Xpeng Motors are slated to unveil their latest EVs to … Read more
South Korean automaker Kia is looking to expand production, sales network and its product range in India next year as part of an “aggressive business” plan to counter enhanced competition in the market, a top company official said on Thursday. The automaker, which on Thursday globally premiered the latest version of its compact SUV Sonet, … Read more
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