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Trouble in India’s Motown
This report first appeared in the September 2019 issue of PowerTALK.
The bad times in the India automobile market started with the slowdown in Q4 2018, triggered by the NBFC (Non-Banking Financial Companies) crisis. Since then it has been 10 consecutive months of hard times for almost all automobile segments. All the segments in the country, be it passenger cars or commercial vehicles, have registered a decline.
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CAOA acquires Ford Plant in Brazil
The Ford production plant in Sao Bernardo do Campo-SP will be acquired by the COCA Group. During a meeting with governor João Doria, CAOA group, that currently assembly Hyundai cars and Chery-CAOA cars in Brazil, announced the acquisition of Ford Plant in São Bernardo do Campo-SP.
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Moscow Hosts 2019 Comtrans and Interauto Shows
During the first week of September, there were two major trade shows in Moscow dedicated to powertrain and vehicles. They are Interauto (automotive components, service equipment, spare parts), and Comtrans (commercial on-highway vehicles).
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MotorIndia Magazine: India CV Market Facing Lower Demand in 2019
The India CV market is facing lower demand in 2019, reports MotorIndia magazine in its August 2019 Market Outlook issue.
CV Link is a comprehensive database updated quarterly that covers the CV market.
After a blockbuster growth in 2017 and 2018, writes Shah, growth that was largely driven by demand for tipper trucks due to the new infrastructure, mining projects and fleet replacement; the party ended in Q4 of 2018.
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China Has World’s Largest EV-Charging Network
China has built the world’s largest electronic vehicle charging infrastructure network, attracting capital from diversified sources.
Source: China Daily Read The Article
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