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No U-turn yet, vehicle sales keep sliding

Economic Times

Economic Times · 1d ago

No U-turn yet, vehicle sales keep sliding

India's auto retail sector experienced a 4.31% year-on-year decline in July, mainly due to a high-base effect from the previous year. Two-wheeler and passenger vehicle sales fell, while commercial vehicle sales remained flat. Tractors, however, saw an 11% sales increase, aided by favorable monsoon rains and enhanced farm subsidies. Despite rural demand being impacted by heavy rains and crop-sowing, the auto sector anticipates a recovery post-monsoon, especially with upcoming festive season demand.

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U-Haul admits thousands of customers have data stolen in breach

Techradar

Techradar · 1y ago

U-Haul admits thousands of customers have data stolen in breach

U-Haul has confirmed a data breach that occurred on December 5, where a threat actor stole login credentials for the U-Haul Dealer and Team Member system. Approximately 67,000 customers in the US and Canada had their sensitive data, including names, dates of birth, and driver license numbers, exposed. Payment data was not affected. U-Haul is yet to provide further details on the incident and whether it involved ransomware or extortion. The company has implemented security enhancements and will offer affected customers a free one-year membership with Experian for identity protection.

SoftBank-backed Ola Electric's dominance fades as e-scooter battle intensifies

VCCircle

VCCircle · 10m ago

SoftBank-backed Ola Electric's dominance fades as e-scooter battle intensifies

- Ola Electric, India's top electric scooter maker, saw its lowest monthly sales this year in September. - Ola Electric's market share has declined for five straight months, falling to 27% in September from over 50% in April. - Competitors TVS Motor and Bajaj Auto have seen market share gains over the same period. - Analysts attribute Ola's loss in market share to rivals launching newer models with similar pricing and Ola's strained service network. - Slowing sales pose financial challenges for Ola Electric, which is yet to turn a profit.

When the VCs say NO

Internet

Internet · 8m ago

When the VCs say NO

When facing rejection from venture capitalists (VCs), remember that one no doesn’t define your potential. Multiple rejections may signal issues with your plan, prompting a reevaluation. VCs often say “maybe” to keep the door open for future discussions. Focus on reducing various risks—founder, market, competition, timing, financing, marketing, distribution, technology, product, hiring, and location—to make your startup more appealing. Building your product and acquiring customers are crucial steps. After addressing these risks, refine your pitch and continue seeking funding. Persistence is key; a “yes” can always turn into a “no” until the deal is finalized.

Tesla's European sales slump for fifth month

Economic Times

Economic Times · 1m ago

Tesla's European sales slump for fifth month

Tesla's car sales in Europe dropped by 27.9% in May, marking a five-month decline, despite a 27.2% overall rise in fully-electric vehicle sales. Tesla's market share fell to 1.2% as customers opt for cheaper Chinese electric vehicles. While new car sales in Europe rose 1.9%, driven by plug-in hybrids and alternative-fuel vehicles, Tesla's Model Y has not yet revived its fortunes amid increasing competition from Chinese and traditional automakers.

Apple's car prototype was internally called the 'Bread Loaf' because of its shape: Bloomberg

Business Insider

Business Insider · 1y ago

Apple's car prototype was internally called the 'Bread Loaf' because of its shape: Bloomberg

Apple employees working on the development of the company's first electric car, known as "Project Titan," created a prototype vehicle called the "Bread Loaf" in 2020. The prototype, which resembled a minivan with rounded sides, an all-glass roof, sliding doors, and whitewall tires, underwent testing but ultimately did not meet Apple's aspirations. The car project was officially shelved after almost a decade of work. The decision to abandon the project aligns with the current slowdown in the electric vehicle market, with demand for expensive EVs declining and other automakers delaying investments in new EV infrastructure.

Tata Motors total sales marginally down at 82,682 units in Oct

Money Control

Money Control · 9m ago

Tata Motors total sales marginally down at 82,682 units in Oct

Tata Motors reported a slight decline in their domestic and international sales for October. Total domestic sales were marginally up, while overall passenger vehicle sales, including electric vehicles, were slightly down compared to the same period last year. Domestic passenger vehicle sales also saw a decline. Commercial vehicle sales for the company also decreased compared to October 2022.

Still no AI-powered, 'more personalized' Siri from Apple at WWDC 25 | TechCrunch

TechCrunch · 1m ago

Still no AI-powered, 'more personalized' Siri from Apple at WWDC 25 | TechCrunch

At the 2025 Worldwide Developers Conference, Apple introduced updates across its platforms, yet avoided details on the anticipated AI-enhanced Siri. Initially announced in 2024, the project requires more time due to quality issues. Despite a reported development setback leading to a leadership change, Apple assures progress and hints at future updates in 2026. Meanwhile, partnerships and various AI enhancements, including ChatGPT integration and new AI features, are outlined to keep pace with industry advancements.

Tata Motors Shares Play Red Light-Green Light After April Domestic Sales Fell 7%

OutlookIndia

OutlookIndia · 2m ago

Tata Motors Shares Play Red Light-Green Light After April Domestic Sales Fell 7%

Tata Motors reported a 7% decline in overall domestic sales in April, selling 72,753 vehicles compared to 77,521 the previous year. Both commercial and passenger vehicle sales fell, with commercial vehicle sales dropping by 8% and passenger vehicles by 5%. Notably, the electric passenger vehicle sales witnessed a significant 16% decline. Despite initial stock drops, Tata Motors shares rebounded slightly. Meanwhile, competitor Maruti Suzuki recorded a 7% sales growth, including exports.

Australia struggles to ditch SUV habit even as electric vehicle sales hit record

Reuters · 1y ago

Australia struggles to ditch SUV habit even as electric vehicle sales hit record

Electric vehicle (EV) sales in Australia reached a record high in 2023, accounting for 7.2% of all vehicles sold. When hybrids and plug-in hybrids are included, the sales share rises to 16.2% of new vehicle sales. However, SUVs and light commercial vehicles still dominate the market, comprising 78.4% of new vehicle sales. Australia has launched a national EV strategy and aims to cut emissions by 43% by 2030. Efforts to increase EV adoption have been hindered by limited models, charging infrastructure, and a preference for higher-emission vehicles.

Maruti Suzuki reports 3.9% decline in August sales, Tata Motors witnesses 8% dip | Mint

Livemint

Livemint · 11m ago

Maruti Suzuki reports 3.9% decline in August sales, Tata Motors witnesses 8% dip | Mint

Indian automobile manufacturers Maruti Suzuki and Tata Motors both reported declining sales for August 2024. Maruti Suzuki saw a 3.9% decline in sales, with a total of 181,782 units sold. Tata Motors reported an 8% reduction in sales, with a total of 70,006 units sold. Maruti Suzuki's decline was largely driven by a decrease in sales in the small car segment, while Tata Motors saw a decline in both commercial vehicle and passenger vehicle sales.

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