ROMANIA TO HAVE FASTEST RECOVERY OF CAR SALES IN CENTRAL EUROPE AFTER 2020 DECLINE

HIGHLIGHTS

• Lockdown imposed to prevent the spread of coronavirus brought production as well as sales in all economic sectors to a halt.
• However, the car sales in Romania might rise in near future, beginning the economic recovery.

Due...

EXPORT OF PASSENGER CARS SLUMPED BY 41 PERCENT IN Q2

Highlights:

• The export of South Korean made passenger cars slumped by 40.6 percent in the second quarter (Q2).
• In the period of April-June, South Korean carmakers shipped passenger cars worth US$ 6.2 billion.
• The number of passenger car uni...

AN OUTSTANDING PLOY TO MERGE TATA MOTOR PASSENGER VEHICLES AND ELECTRIC VEHICLES UNDER ONE CANOPY TO GARNER ITS FULL WORTH

• Tata Motors will be shifting base for its passenger vehicles segment onto a new ancillary unit which will also roll out electric vehicles (EV).
• Mayank Pareek the outgoing president of passenger vehicles is retiring by February 2021 end.

The company which is in...