Author: Central Desk

Carloha Nigeria, a prominent player in Nigeria’s auto distribution landscape, is poised to introduce a lineup of Chery vehicles, showcasing the forefront of automotive technology, at Lagos’ eagerly anticipated Motor Show. The event, penciled in for February 16-17 at Tafawa Balewa Square (TBS), promises a convergence of auto aficionados, industry mavens, and a broad consumer base, all keen on exploring the latest in automotive innovation. Chery, with its global acclaim for automotive prowess and forward-thinking, partners with Carloha Nigeria to deliver an unparalleled vehicular showcase. This exclusive alliance brings to the Nigerian streets an array of vehicles noted for their…

2024 is poised to herald the return of the buyers in the auto market. After enduring a period of limited inventory and high prices due to the pandemic, consumers can now look forward to a more favorable car buying landscape. With an abundance of inventory choices, slightly lower prices, and an increase in automaker incentives, many are celebrating the return to a semblance of market normalcy. This transition signals a much-awaited normalization of market conditions, yet industry projections temper expectations, anticipating around 16 million new vehicle transactions, reflecting a shortfall from pre-pandemic figures. Persistent Economic and Financing Hurdles Despite the…

Nissan has set a new precedent in vehicle security within the United Kingdom, introducing the Stolen Vehicle Tracking (SVT) function via the NissanConnect Services app. This initiative underscores Nissan’s dedication to pushing the boundaries of technology for enhancing user safety and vehicle security, demonstrating a proactive approach to automotive innovation. In collaboration with Vodafone Automotive, Nissan has developed this service to utilize sophisticated GPS technology, allowing for the precise tracking of connected vehicles. Offered as a subscription, it grants law enforcement the capability to locate and recover stolen vehicles efficiently. A notable feature includes the ability to remotely deactivate a…

Tata Motors, has aligned with the Leadership Group for Industry Transition (LeadIT), marking a significant stride in corporate climate action. Initiated by the governments of Sweden and India during the UN Climate Action Summit in September 2019, LeadIT orchestrates a collaborative venture among premier companies and governments, championing the march towards net-zero emissions, in alignment with global sustainability objectives. This partnership endows Tata Motors with an opportunity to adopt international best practices and play a role in sculpting policies that nurture a sustainable industrial future. The firm’s pledge to transition its Passenger Vehicles (PV) sector to net-zero emissions by 2040…

The BYD Seal, an electric sedan from Chinese automaker BYD, has been seen testing in India, indicating its launch is near. Dealers have already started accepting bookings for the vehicle, although not officially announced, with a price tag expected around Rs 50 lakh. The vehicle, which will be BYD’s third product in the Indian market, was showcased at the Auto Expo 2023. It measures 4,800mm in length, 1,875mm in width, and 1,460mm in height, featuring a design inspired by the Ocean X concept and adhering to BYD’s “ocean aesthetics” design language. The exterior boasts a coupe-like all-glass roof, flush-fitting door…

China’s EV share is expected to surpass 50% of new car sales by 2025, with electric vehicles (EVs) making up the majority. The International Energy Agency’s Global EV Outlook 2023 notes China’s EV market share reached 36% in 2023, up from 22% in 2022. This growth is fueled by sales, government incentives, and EV infrastructure. India, with a 6.3% EV market share in 2023, faces challenges despite a 137% increase in EV sales in the first half of 2023 compared to the same period in 2022. The gap between China and India highlights the impact of government policies on electric…

A recent dialogue with PTI unveiled Anshuman Singhania, JK Tyre & Industries’ Managing Director, projecting a bright future for the tyre sector, powered by the expanding automobile industry under a flourishing economic environment. The company, a significant figure in the global tyre arena, showcased impressive financial outcomes, notably tripling its consolidated net profit to Rs 227 crore for the quarter ending December 2023. The revenue from operations witnessed an ascent, reaching Rs 3,688 crore for the October-December stretch, a slight increase from Rs 3,613 crore in the same period the previous year. This trajectory highlights the company’s ability to leverage…

The veil was prematurely lifted on the next-generation Renault Duster, setting the stage for its global introduction in Turkey. This revelation, ahead of the official presentation, stirs significant anticipation, unveiling a glimpse into Renault’s strategic vision for the global, and notably, the Indian markets—a region where the Duster has cemented its presence. The Renault Duster, emblematic of resilience and performance, embarks on a new chapter, evolving from its predecessors. Leaked visuals expose a design inspired by Dacia’s Bigster concept, underscoring the synergistic bond between Renault and its sibling brand, Dacia. Despite their shared blueprint, the Renault Duster carves out its…

Morocco’s automotive sector has outperformed phosphates to become the top export industry, reaching a new high. Last year, the sector’s exports jumped to $13.9 billion, up from $11 billion the year before, a growth of 27%. This growth, noted by the bureau de change (OE), Morocco’s trade authority, shows a strong increase in an industry that’s very important to the country’s economy. The automotive sector’s growth trajectory is largely attributable to the burgeoning automotive wiring businesses, a segment essential for integrating electrical systems within vehicles. By year-end 2023, wiring exports alone ascended by 32%, reaching $4.5 billion. Further, the automotive…

Nitin Gadkari, India’s Minister for Road Transport and Highways, unveiled a groundbreaking forecast on Friday: by 2029, India is poised to lead the global automobile manufacturing arena and ascend to the position of the world’s third-largest economy. This ambitious goal is supported by the government’s strategic directive focusing on the construction of a premier road network, a shift towards alternative fuels, and a significant reduction in national logistics costs. Gadkari underscored the indispensable role of robust infrastructure as a catalyst for capital investment, development, and industrial expansion.“One thing is very clear: if we need capital investment, development and industry, we…