Utility vehicles, which SUVs are a part of, grew by 15 percent during August, commanding an unchanged share of 37 percent. Sales of passenger cars grew by 14 percent during the same month, holding a share of 58 percent. The remaining share is held by vans. … [Read more...] about Car, SUV sales hit high gear in Aug; bikes, scooters scrape through
Put car insurance on hold
As we build this smart world, we think we can have you vacillate between different kinds of mobile systems depending on what you want. You can have an ownership kind of feeling, and you can have a Chariot, which is the [ride-sharing] brand we’ve started in northern California. It’s 70% occupied by women every day. Why? They feel safe opting into this transport system. There’s 6 to 10 riders in it. You hail it with your phone, and it plots its path based on where the crowd wants to go. That’s mobility you won’t buy through a car dealer. But we will need car dealers in the future for autonomous vehicles, too. … [Read more...] about Ford CEO Jim Hackett On The Future Of Car Ownership And Driving
One of the oldest ventures in the car rental business, KTC India is 75-years-old and was set up in pre-independence Karachi. Owned by Delhi-based Gurudev Ahluwalia, whose father bought the business in 1943 and moved it to Delhi after independence, even the stalwarts of India’s political landscaped leased cars from KTC during the time the Constitution was being written, to travel from their homes to the Parliament. Since then, the company has rented cars out to global politicians and heads of state on a visit to India, down to the recent US President Donald Trump’s visit to India. … [Read more...] about Don’t have enough dosh to spend on a Prada gown, Gucci bag or a Rolls Royce? Just rent it!
Some companies with leases that are ending this year or next appear to be kicking the can down the road, signing short-term extensions rather than committing to typical deals that last several years. In recent weeks, NBC Universal extended a lease for a secondary office at 1221 Avenue of the Americas and the Stroock & Stroock & Lavan law firm did the same for its office downtown. But they both did so for just a year, according to Colliers. A spokeswoman for NBC Universal declined to comment and Stroock & Stroock did not return a call and multiple emails. … [Read more...] about COVID-19 | Manhattan’s office buildings are empty. But for how long?
Q) Many new investors joined the party on D-Street in the first six months. What are the tips you will share with them to keep them afloat amid volatility?A) The economy has faced several challenges in the last few years and the corporate earnings growth momentum has also been weak. The outlook on both earnings and the economy has only worsened in the last few months due to the pandemic. … [Read more...] about We estimate a 10% YoY contraction in Nifty EPS in FY21: R Venkataraman