E-commerce major Snapdeal and the world’s largest two-wheeler manufacturer Hero MotoCorp are tying up to sell the latter’s products online.
The ultra-luxury automobile market in China is expanding at a rapid pace. This trend, in turn, is greatly increasing the importance of the market in manufacturers’ marketing strategies. However, Italian supercar manufacturer Lamborghini’s performance has been the opposite. Over the past few years, Lamborghini’s Chinese sales fell from 320 vehicles in 2012 to 267 vehicles in 2013.
Shops selling commercial vehicle and passenger car tires in smaller cities and villages are expected to thrive, buoyed by a younger population, rising purchasing power and higher consumer confidence, according to a recent research study conducted by GfK.
“Although smaller by comparison to the big cities, these markets still contribute to a considerable 10 percent or more of the country’s overall passenger cars and utility vehicles tire replacement volume,” said Anant Jain, Account Director for GfK in India.
Carmaker Tesla became the third major company in recent weeks to set up an online-only business in China by announcing Tuesday it is partnering solely with Alibaba for its first foray into the mainland market.
Warren Buffet wants to sell your car. The billionaire investor on Thursday agreed to buy America's fifth-largest auto retailer and use it to launch a consolidation of the highly fragmented business.
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An affiliate of German carmaker Volkswagen has been fined more than USD40.5 million for price-fixing in China, authorities said Thursday, the latest company to be punished under a sweeping anti-monopoly crackdown. FAW-Volkswagen Sales Company, Ltd., a partnership between the Frankfurt-based firm and Chinese auto maker FAW, has...
China’s auto sales growth decelerated further in August to 8.5 percent while sales of SUVs surged by nearly a third. Drivers in the world’s biggest auto market by vehicle sales bought 1.5 million passenger cars in August, the China Association of Automobile Manufacturers said on Thursday.
To celebrate its 10 year anniversary in China and 100th anniversary as a company, Maserati has planned a China-Italy Centennial Rally and expansion of its dealership network in China. Starting at the Imperial Ancestral Temple in Beijing, the 35-day 12,000 km journey that started last week will cross Russia, Belarus, Poland, Czech Republic, Germany, and Austria before ending in Maserati’s birthplace, Modena, Italy.
VOLKSWAGEN, Europe’s biggest auto group, posted on Thursday a robust quarterly net profit, thanks to growth in China and higher profits at its luxury car divisions Audi and Porsche.
The launch of the Mercedes A Class and B Class and the BMW 1 Series had shaken the traditional market of luxury sedans dominated by Japanese car makers, as customers increasingly veered towards stylish, compact and sporty cars made by established luxury brands.