Old is Gold: Used car market may double in size by FY25 to over 8 million units

Old is Gold: Used car market may double in size by FY25 to over 8 million units

2021-06-16 16:04:56

The pre-owned car market in India is expected to become twice the size of the new car market by volume at 8.2 million units annually by FY25, growing at a compounded annual rate of 21%, found a new study.

The key demand drivers will be the growing desire for personal means of transport, the lower price of these cars and more confidence amongst buyers as organised players get into the space providing assured vehicles. The used car market

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Cost savings project: Jaguar Land Rover cuts break-even volume by a third

2021-05-23 19:04:52

Tata Motors’ British subsidiary Jaguar Land Rover has slashed by a third its break-even volume threshold – the minimum it must sell to cover production costs –to 400,000 units as part of its targeted cost savings projects Charge and its sequel Charge+.

The company’s break-even volume was 600,000 units in FY19, when Charge took off to cut costs and improve cash flow, JLR’s chief financial officer Adrian Mardell told analysts.

“We’ve effectively reset the investment and the

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Automakers are bullish about India’s EV revolution which could roll out on two wheels and three wheels

Electric vehicles may just be the silver lining for India’s auto industry, which is going through one of its darkest patches ever. EV manufacturers have embarked like never before on top-level talent hiring, investments in new products and charging infrastructure and building an ecosystems. “The world is on the cusp of a mobility revolution that will be EV-driven,” says Amitabh Kant, CEO, NITI Aayog.

“And the domestic manufacturers of EVs are


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Second Covid wave dents auto sector’s recovery momentum: ICRA

Second Covid wave dents auto sector’s recovery momentum: ICRA

IANS

The second wave of Covid-19 has dented the recovery momentum of automobile sector’s Original Equipment Manufacturers (OEMs) and auto-ancillaries, said ratings agency ICRA.

“Not only have many auto OEMs and auto ancillaries resorted to plant shutdowns as a restrictive measure, but also automotive dealerships across regions have not been operational in light of regional restrictions imposed by various states and local authorities in order to curb the pandemic,” the ratings agency said.

As per an ICRA note, while these

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