Hybrid cars are regaining popularity as sales of all-electric vehicles decline in the US. This article explores the reasons behind this shift in consumer preferences and examines the implications for the automotive industry. Read on to learn about the opportunities and challenges that arise from the current market dynamics.
India, a major player in the global automotive industry, has started focusing on transitioning to alternative fuels to curb pollution after expanding its consumer and vehicle bases and adding local manufacturing facilities over the past two decades. 2024 will be a crucial year for India as it faces challenges to offer accessible growth capital to late-stage startups while trying to lure Tesla and other foreign EV manufacturers to enter its domestic market.
Passenger vehicle (PV) sales in the domestic market grew in single digits last month, driven by robust consumer demand during the festivals in the first two weeks. The annual growth rate in wholesale despatches from factories to dealerships moderated to 3.7% compared with 15.9% growth in October.
The demand for warehousing has shown resilience marked with growth in lease rentals for logistic spaces across top eight markets during the half year ended September. Total 23 million sq ft space transacted in the first half ending September across the top eight markets represents a 10% on-year drop in volume.
