Author: Faisal

background India’s automotive sector is growing rapidly and contributes over 7% to India’s gross domestic product.[1]. Annual sales of passenger cars exceed his 20 million units, and with the mandatory vehicle insurance, the sales of the auto insurance business have also increased proportionately. This segment currently accounts for 45% of the total general insurance business in India.[2] Car dealers are the main point of contact with customers when purchasing car insurance products in the market. Prior to 2017, these dealers partnered with insurance companies, brokers, and agents to procure auto insurance. In 2017, Insurance Regulatory and Development Authority of India…

Doha, Qatar: Qatar Automobiles Company, the authorized exclusive distributor of Mitsubishi Motors in Qatar, has announced that the Mitsubishi Outlander has won the noteworthy “2024 Qatar Car of the Year Award” presented by Makina. It won the “Best Midsize SUV” award. Qatar Automotive Company General Manager and Haitham Ebef General Sales Manager Frank Zauner received the notable award at a special awards ceremony held at The Chedi Hotel in Doha. The event spotlighted outstanding vehicles in the SUV, light truck, commercial vehicle, and sedan categories. Frank Zauner, General Manager of Qatar Automobiles Company, the authorized exclusive distributor of Mitsubishi Motors…

A car waits for shipment at a Hyundai Motor factory in the southeastern city of Ulsan on September 16, 2022. South Korea’s automobile exports reached a record high of US$70.9 billion in 2023. According to the 2023 annual automobile industry statistics released by the Ministry of Trade, Industry and Energy on January 16, South Korea’s automobile export value last year increased by 31.1% from the previous year to $70.9 billion, which was the highest ever.541 It exceeded 100 million dollars. It is set in 2022. This is mainly due to the Korean auto industry’s…

Bangladesh’s economy has faced tough times recently, as persistently high inflation, rising interest rates and a significant devaluation of the local currency continue to plague the country. In this series, we look back at how different industries responded during the 2022-23 crisis. This is the second part of the automobile industry. Auto sales in Bangladesh fell sharply in 2022-23, with the country recording the sharpest decline in profits among all sectors due to lower production and demand, industry sources said. Local automakers had to reduce production in the last financial year (FY) as the US dollar crisis made it difficult…

World of Wheels Car Show: A Celebration of Automotive History The O’Reilly Auto Parts World of Wheels Car Show in Chattanooga, Tennessee holds an important place in the hearts of car enthusiasts. This event has been a beacon for car enthusiasts for more than 50 years, from the 1920s to modern times. The 2024 event continued this tradition with a selection of hot rods, customs, muscle cars, classic trucks and more. show highlights Several classes of vehicles will be on display at this year’s show, with notable highlights including the Polar White 1970 Pontiac GTO Judge, A12 Dodge Super Bee,…

Last updated: January 16, 2024, BVN Phyllis Kimber-Wilcox California has long been identified with car culture. Here in California, clogged highways, long commutes, traffic jams, and more are all commonplace. But there’s more to cars. . . Where people cruise, lowride, and turn corners. It’s the car culture that is often depicted in movies, television, and radio. Thinking of media separately, even though it used to be the case, is no longer correct. Because now everything is in the stream. This just goes to show how long California’s love affair with cars has lasted. Long before there were rivers, potash…

The family-friendly community event “Planes, Trains and Automobiles” will be held again on Saturday, February 10th at the Plant City Airport. Tampa International Airport’s 12th annual Planes, Trains and Automobiles returns on Saturday, February 10th. This popular one-day community event features a variety of family-friendly activities, held annually at Plant City Airport since 2010. Highlights include a large number of real aircraft displays, radio-controlled airplane displays and demonstrations, a large-scale car show, and a model train layout in operation. There will be a large Lego exhibit featuring all manner of transportation. The lineup also includes emergency response vehicles and personnel,…

At an event in Chongqing today, Changan Automobile Chairman Zhu Huarong revealed details of the joint venture established with Huawei in November last year. The joint venture between Changan and Huawei is tentatively named “Newcool” and will focus on seven major business areas. These include Intelligent Driving, Intelligent Cockpit, Intelligent Car Digital Platform, Intelligent Car Cloud, and Intelligent Car Light. Mr. Zhu reiterated Huawei’s stance that it will not engage in the same business as the production of finished cars or joint ventures. What is the joint venture between Changan Automobile and Huawei? In November 2023, a subsidiary of Changan…

Union Minister Mahendra Nath Pandey on Tuesday said the government has set up a committee to consider the auto industry’s demand for inclusion of more parts in the production-linked incentive scheme for cars and auto parts. “As technology continues to evolve, a committee has been set up to consider requests from stakeholders to include more (automotive) parts under the PLI scheme. It is chaired by Additional Secretary, Ministry of Heavy Industries. The committee will consist of 11 members, including these,” the heavy industries minister told PTI. Click here to follow our WhatsApp channel The minister was speaking on the sidelines…

January 16, 2024 9:33:57 PM ISTLatest news: Auto industry contributes to India’s rise to third-largest economyThe Ministry of Heavy Industry oversees…06:02:35 PM IST, January 16, 2024Tata Motors stock price update today: Tata Motors stock price historyJanuary 16, 2024 4:01:46 PM ISTTata Motors stock price update today: Tata Motors bonus update03:33:33 PM IST, January 16, 2024Tata Motors Stock Update Today: Tata Motors closed at Rs 818.0, registering an increase of 0.69%.Tata Motors closed at Rs 818.0, reflecting a slight increase of 0.69% from the previous day.03:18:23 PM IST, January 16, 2024Tata Motors stock price update today: Tata Motors stock price is…