2021 Auto News Automobile Automotive updates

China’s Changan Automobile Shuts Down India Office – Cancels Launch Plans

Credit: Chinese auto firm Changan Automobile had plans of investing 500 million dollars (Rs 3,600 crores) in India Amidst growing cross-border tensions between India and China, Chinese automaker Changan Automobile has decided to put off its plans to enter into Indian market. Relations between the two neighbouring countries had soured since the Indian Army […]

2020 News

J.D. Power rates Tesla electric vehicles as lowest quality auto brand in 2020 study

Tesla earned the worst score among the 32 major vehicle brands in J.D. Power’s 2020 Initial Quality Study due to various problems reported by owners. The 34th annual version of the J.D. Power study, which gauges the performance of new vehicles in their first 90 days, marks the first time the company has rated Tesla. Tesla’s cars and SUVs had 250 […]

2020 Auto News News

Buy now, pay later scheme for auto loans may be available only to the cash rich, here’s why

Lenders say the current high-risk environment necessitates tighter the underwriting standards. Ramesh Iyer, Vice Chairman and Managing Director, Mahindra Finance, told The Financial Express that the scheme being offered by the lender is a way to help the customer by giving them a two-three-month moratorium. The possibility of an increase in the usage of private […]

2020 Auto News News

U.S. auto sales rebound somewhat from dismal April as states lift coronavirus restrictions

U.S. auto sales plummeted in May from the year before, but showed signs of recovering from their massive collapse in April as states loosened restrictions that shuttered many dealerships and kept consumers at home, according to early sales data from a majority of the automakers and industry analysts. Toyota Motor, Honda Motor and Hyundai Motor […]