
Don't buy a car, just rent it
Safety and affordability concerns among commuters have given a fillip to shared mobility, with subscription-based models gaining traction. Will the industry realise the true potential of these models?
Safety and affordability concerns among commuters have given a fillip to shared mobility, with subscription-based models gaining traction. Will the industry realise the true potential of these models?
What slowdown, ask two new entrants in the Indian auto market, as they find buyers amidst the gloom and doom around them.
The automobile industry in India is in the chokehold of a slowdown that began about a year ago. A revival seems some distance away.
Though an uptick in demand is expected in the October-November festive season, experts do not see an immediate revival for the sector.
The industry body says this is the worst performance by the passenger car segment—the largest by volume—in two decades.
Hyundai, which recorded an increase in market share in July, hopes new launches will help it cope with the slowdown that has crippled the auto industry in India.
The company says “India’s first electric SUV” can go 452 km on a single charge and the running cost is 80% lower than that of a petrol car.
A slew of measures and statements to hasten the shift to electric vehicles (EVs) on the road has got the auto industry worked up. But, the writing on the wall just got clearer.
The Hyundai Motors-backed shared mobility service says that it’s not like all car buying customers will move to pay-per-use model but the adoption will keep on increasing.
The cab aggregator was violating license rules by operating bike cabs in the city.