AGP Executive Report
Last update: 5 hours agoEuropean Expansion: TVS Motor unveiled four production-ready models at Milan’s EICMA show, three electric, as it grows its European dealer network. International business could reach 40% of revenue by 2030. China Exports: Passenger-car exports jumped 62.3% year on year in October to about 927,000, while domestic sales fell 27.4%, sharpening automakers’ push overseas. Spain Strike: Unions reported major stoppages across the automotive sector in the country’s first general strike in 14 years, though participation varied by plant; Stellantis Vigo’s night shift saw about 20% turnout. Mahindra Results: Automotive demand lifted second-quarter revenue 27.1% to Rs 42,477 crore, but higher material costs squeezed margins and adjusted profit fell 10.9%. African Support: BAIC FOTON opened a South Africa-based training centre to strengthen dealer diagnostics, repairs and aftersales service across the region. Supply Chain: Chipmakers warn surging AI demand is creating bottlenecks for car manufacturing.
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