Russia car and LCV July sales rise 6.8% | Automotive Industry News

July income of new cars and gentle business vehicles in Russia enhanced by six.eight% compared to the exact thirty day period past calendar year, or by 9,097 sold units, amounting to 141,924 cars, in accordance to the AEB Automobile Producers Committee (AEB AMC).

“With an maximize of six.eight %, July is the first thirty day period this calendar year with substantial development vs . the past calendar year, which shows indicators of the prolonged awaited recovery,” claimed AEB AMC chairman, Thomas Staertzel.

“This solid effectiveness is fired, on the one hand, by the deferred need of the past months of

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Veoneer posts Q2 net sales down 62% to US$184m | Automotive Industry News

Veoneer has reported 2nd-quarter net sales down sixty two% to US$184m.

Energetic Basic safety net sales of US$79m declined 57% including an Organic and natural Product sales decline of 56%

“The 2nd quarter was pretty unconventional,” said Veoneer president and CEO, Jan Carlson. “Light motor vehicle output declined by around forty five%, the worst decline in recorded historical past. The a lot of complexities in terms of regional discrepancies, worldwide supply chains, short shipping notices and numerous other variables, manufactured it a pretty difficult setting for jogging productive and efficient functions.

“The health and fitness of our staff members remained

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Thai sales fall 33% in June | Automotive Industry News

Thailand’s new motor vehicle market fell by near to 33% to 58,013 models in June 2020 from sturdy yr previously income of 86,048 models, according to wholesale data compiled by the Federation of Thai Industries (FTI).

This followed even sharper declines in the preceding two months, as significant pieces of the economy were being beneath lockdown to help regulate the spread of the COVID-19 pandemic.

Whilst the Thai govt started to relieve company and social restrictions in early May possibly, important sectors of the economy remained beneath stress, significantly people dependent on journey and tourism, and exports.

As opposed with

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Sales recovering but outlook still grim – the week | Automotive Industry Comment

The worlds light vehicle market is forecast by just-auto parent company GlobalData to decline by 17.2% to 73.6m units in 2020, due to the impact of the COVID-19 pandemic and its associated economic fallout

The world’s mild automobile sector is forecast by just-automobile mother or father enterprise GlobalData to drop by 17.2% to seventy three.6m units in 2020, due to the effect of the COVID-19 pandemic and its affiliated financial fallout

Unsurprisingly, the COVID-19 pandemic, which is showing troubling signs of a resurgence in several international locations adhering to the soothing of lockdown restrictions, carries on to have an impact on new automobile profits. Circumstance in position – the US exactly where several states and locations have lately reimposed stricter lockdown procedures all over again just after a resurgence of new bacterial infections. Our

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CNG car sales expected to grow in double-digits in FY21 despite decline in PVs, Auto News, ET Auto

The cost of running a CNG vehicle is about Rs 1.5 per km, which is less than half that of petrol and diesel vehicles.
The expense of jogging a CNG auto is about Rs 1.five per km, which is less than fifty percent that of petrol and diesel autos.

New Delhi: Revenue of CNG autos are projected to shoot up in robust double-digits in the recent fiscal 12 months on lessen jogging charges and broader availability of the gasoline, even as climbing petrol and diesel price ranges hurt desire amid weak current market sentiment.

Maruti Suzuki, the country’s greatest carmaker, expects product sales of CNG autos to expand 36 per cent to 144,000 units in FY21. The corporation has eight CNG-run autos in its

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