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Commercial vehicle sales volumes are expected to contract for the rest of the year and into 2021 as a result of the COVID-19 pandemic.
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The State of Delhi announced a lockdown that forbids the use of public transit and taxis.
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The Indian automotive market had one of its most difficult years on record in 2019. In a country where nearly all vehicles purchased are financed; leasing, especially among corporations, is attempting to break through as a viable purchasing option.
Read More →Commercial vehicle sales in India were down 15% in November when compared to the same time last year, continuing a trend of monthly declines since April resulting from a broader slowdown in Asia’s third-largest economy.
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To build and scale up the service across several Indian cities, Ola intends to host a fleet of 20,000 cars by 2020.
Read More →PSA Group launched “Citroën Lease” in partnership with ALD Automotive to offer full leasing services of Citroen assets to its customers in India.
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Toyota and Suzuki's collaboration into several global markets will include further development of electric vehicles and technology, the provision of compact vehicle platforms, and automotive production in the India, Europe, and Africa regions.
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Uber launched a redesigned version of its fleet app for fleet owners in India, and is designed to help improve the management of vehicles and drivers in the country.
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A rapidly growing middle class, new investments in infrastructure, and a simplified tax scheme make India a prime target for global fleet-based businesses.
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Under the definitive agreement on powertrain sharing, Mahindra Group will develop and supply a low-displacement petrol engine to Ford India for use in its present and future vehicles. The companies will also work on the joint development of a telematics control unit following the intent to co-develop a suite of connected car solutions
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