EUROPEAN STEELMAKERS HALT PRODUCTION: FIRST CONSEQUENCE OF AUTOMOBILE INDUSTRY SHUTDOWN?

Highlights

• Steel giants Tata and Thyssenkrupp shut down majority of plants

• Automobile industry consumes 1/5 of total steel consumption

As an impact of shutdown of car plants, the European steelmakers have ceased production.  Due to global coronavir...

CAR PRODUCTION IN KOREA IS AT WORLD’S 7TH POSITION

Highlights:

• South Korea remained in 7th position among the world's top 10 car manufacturing countries.
• South Korea produced 3.95 million vehicles in 2019 which accounts for a drop of 1.9 percent from 2018.
• In the world share, the produc...

TESLA MODEL 3: THE ONLY EV WITH INCREASING SALES

Highlights:

• Tesla Model 3 is the only car on the list of EVs which has a positive year-over-year change in sales.
• The sales have gone up by 14% from 2018-2019.
• Tesla's popularity in the electric vehicle market is due to the company'...

EMERGING TYRE MARKET IN INDIA

Highlights:

• Indian Tyre industry is blooming and it not only supply tyres in the domestic market but also turning into a leading supplier.
• MRF is the best-selling tyre brand followed by Apollo.
• Globally, Bridgestone is the best-selling tyre...

MERCEDES-BENZ 2019 PERFORMANCE IN KOREA IS RECORDED AS THE BEST

Mercedes-Benz's performance in the year 2019 was marked as the best in the Korean market, since its entry into the market. Mercedes-Benz outperformed Korea-based automaker GM Korea. This is the first time in the history of the Korean Automobile market that an imported-car brand has recorded a...

Mercedes-Benz Revises 744,000 Automobiles for Panoramic Sunroofs That Can Come Off

Mercedes-Benz is a German worldwide car marque and a division of Daimler AG. Mercedes-Benz is known for its extravagance vehicles, vans, trucks, transports, mentors, and ambulances. A car sunroof is a mobile board that is operable to reveal a window in a car rooftop, which permits light and addit...