Tag Archives: is

Vodafone CEO Nick Read says company’s future in India looks doubtful as situation is critical

Vodafone said its future in India could be in doubt unless the government stopped hitting operators with higher taxes and charges, after a court judgment over licence fees resulted in a 1.9 billion euro group loss in its first half. Chief Executive Nick Read said India, where Vodafone formed a joint venture with Idea Cellular in 2018, had been “a ... Read More »

Tesla’s service and used car revenue is growing, but can’t make up for a plunge in US vehicle sales

While Tesla’s overall sales dropped 39% in the U.S. during the third quarter, the company is seeing robust growth on “services and other” revenue, which includes sales of used cars. Revenue in that category jumped 68% to $548 million from $326 a year earlier, according to Tesla’s latest financial filing. Over the first nine months of 2019, it grew 91% to $1.65 ... Read More »

Siemens: The future is smart

Nestled on the edge of the Western Ghats in the eastern suburb of Kalwa near Mumbai is a sprawling manufacturing campus that belongs to German engineering conglomerate Siemens’ Indian arm, Siemens Ltd. A wide spectrum of industrial products ranging from motors to switchgear is made in this factory, which came up way back in the 1960s. On a wet July ... Read More »

Ashis Nandy: ‘Our future is nothing but present of today’s West’

Political thinker Ashis Nandy at the Express Adda in New Delhi on Wednesday. (Express photo by Renuka Puri) “THERE ARE many reasons for the rise of nationalism in India, but I think the primary reason is this: we have lost the right to our future. Only from robust scepticism, mutual criticism and cross criticism can we have a variety of ... Read More »

Value picks: Used car financing is now outselling new car loans

With many more consumers opting to buy second-hand cars, given how prices of new cars have shot up, banks are now focusing more on used car financing. Indeed, at a time when the demand for new car loans has flagged, credit for used cars is growing at perky 15-18%, according to bankers. CarDekho.com puts the pace of growth at an ... Read More »

This Chinese Used Car Marketplace is Making all the Right Noises

One may have a second thought before purchasing a used car, but millennials in China are slowly changing this attitude towards owning one. A research firm recently published a report stating that the supply of used cars in China will increase as the market matures and the cost benefits will start to stand out more. And reaping full benefit is ... Read More »

Why the second-hand car market is seeing a boom

Even as new car sales have slowed down in the recent past, the pre-owned car market has continued to grow over the past year and is larger than the new car market now. Consider this: In 2018-19, while new car sales were recorded at 3.6 million units, 4 million second-hand cars were bought and sold, according to a recent report ... Read More »

View: Future of democracy is literally in India’s hands

. “On or about December 1910, human character changed,” the English novelist Virginia Woolf once wrote. It’s no exaggeration to say that human character in India changed equally dramatically between 2014 and 2019 as the number of active smartphones in the country quadrupled from 100 million to 400 million. Woolf, like many of her contemporaries in the early 20th century, was interested ... Read More »

Bugatti La Voiture Noire is the most expensive new car of all time at Rs 131.33 crore

The French luxury brand Bugatti is known for making super expensive cars. With every new introduction, the company sets the bar higher. Now its one-off hyper sports car La Voiture Noire has sold for 16.7 million euros or Rs 131.33 crore (the amount includes the price of the car along with the taxes), making it the most expensive new car ... Read More »

2019 Geneva: Bugatti La Voiture Noire Is The Most Expensive New Car Sold

The Bugatti La Voiture Noire is a one-off and will be delivered to its owner after 2.5 years The La Voiture Noire has been commissioned to commemorate the brand’s 110th anniversary The Bugatti La Voiture Noire has been commissioned to commemorate the brand’s 110th anniversary and made its debut at the ongoing 2019 Geneva Motor Show. Only one example of ... Read More »