EV DISCOUNTS
Tata Motors, M&M slash prices of select SUVs. Check models and discount
Tata Motors and Mahindra & Mahindra have announced significant discounts on their popular SUVs in India, amid weakening demand and rising inventory. M&M has offered over Rs 2 lakh on its AX7 variants for the next four months, starting at Rs 19.49 lakh. Tata Motors has also reduced prices by up to Rs 70,000 on select models and up to 1.4 lakh on its range of fossil fuel and EV SUVs.
More incentives for EVs; online discount bonanza coming up
India’s new EV policy may be amended to include incentives for automakers who already have a presence in the country. This and more in today’s ETtech Top 5.
BYD's steep EV discounting in Thailand sparks backlash, PM Srettha Thavisin seeks assurances
Prime Minister Srettha Thavisin told BYD Chief Executive Wang Chuanfu, who was in Thailand to mark the opening of its first Southeast Asian factory this week and paid a courtesy call to the premier on Friday, to better manage customer expectations about pricing and ensure local buyers were protected.
China's BYD opens EV factory in Thailand, first in Southeast Asia
The BYD plant is part of a wave of investment worth more than $1.44 billion from Chinese EV makers who are setting up factories in Thailand, helped by government subsidies and tax incentives.
Tesla's Q2 deliveries beat estimates on price cuts, incentives
Tesla's delivery drop in Q2 was mitigated by incentives driving demand. Shares rose in premarket trading despite margin pressures. The company delivered various models, including the Model 3 and Model S sedan. Tesla adapted its strategy with discounts globally, aiming to recover from the sales decline and adjust annual growth targets.
£315,000 Ferrari supercars growl a warning for EVs
Since going public in 2015, the Italian company has expanded both the volume and variety of cars it sells, while preserving exclusivity by raising prices, restricting who can order vehicles and resulting in long waiting lists. Around three-quarters of its cars are purchased by existing clients, while almost half the company’s vehicle sales are hybrids.
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Car discounts make comeback after four long years of waiting in the auto industry
Car discounts have returned after four years of long waitlists, driven by changes in the automotive industry's pricing strategies. Dealers are ramping up production to meet high demand, especially for SUVs, and are offering substantial discounts across various models. Some discounts reach as high as Rs 1.5 lakh on specific models, including hatchbacks, sedans, and electric vehicles (EVs).
Amazon Prime Day 2024 Early Deals: Brands, products, discounts and much more
Amazon Prime Day was launched as a massive buying opportunity for Prime members on the 20th anniversary of the retail company in 2015. It will be held this year too, but the retail giant has offered steep discounts on certain items and brands before that.
Banks may relatively underperform compared to rest of the market: Ajay Srivastava
The deal turnaround cycles are three months to six months. So, fundamentally the banks have a problem that the best customers of them can raise equity any point of time. Most of the India is getting deleveraged.
Demand for hybrid vehicles on the rise across the US; here are the best deals being offered
There is a growing demand for hybrid vehicles across the US. Many of the companies are offering discounts on these vehicles. The demand for EV vehicles is decreasing due to many challenges associated with it.
Rivian jumps 36% as $5 bln Volkswagen investment signals 'vote of confidence'
The investment is set to reinforce Rivian's dwindling cash reserves, push the startup nearer to profitability, and enhance its competitive stance in a market led by Tesla. As part of the agreement, Rivian will establish a joint venture with Volkswagen that is equally managed by both companies. This partnership will involve sharing electric vehicle architecture and software, which could later be utilized by Volkswagen's brands such as Audi, Porsche, and Lamborghini.
How cheap are electric vehicle (EV) loans? This depends on two factors
EV loan interest rates: For electric passenger vehicles, the rates are competitive with internal combustion engine (ICE) vehicles and sometimes even lower. However, for electric two-wheelers, the rates tend to be consistently higher, varying based on the brand and the customer's credit profile.
Oben Electric offering electric motorcycle in Delhi with huge Rs 40,000 discount. Check Details
Oben Electric opens its first showroom in Delhi, introducing the Oben Rorr electric motorcycle. The EV maker, as an introductory offer, is also offering almost Rs 40,000 discount on its electric motorcyles for buyers in the national capital.
Tesla doing damage-control, discounts for European fleet buyers
Tesla faces challenges in Europe as repeated price cuts hurt leasing companies' fleets and slow service alienates corporate customers. Tesla is offering unofficial discounts and addressing service complaints, but struggles with falling resale values and competition from Chinese and legacy automakers. Fleet customers demand better service and lower repair costs.
Ford losing $100,000 per every electric vehicle: Report
Ford Motor Co faces losses from electric vehicles, cutting orders and fast-tracking small EVs to compete with Tesla. CEO Jim Farley acknowledges challenges. Tesla, Elon Musk, and CFO John Lawler's comments on pricing pressure and EV costs are key. Ford focuses on hybrids, delays launches, and addresses quality issues.
Dare to buy these 8 multibagger stocks trading above 100 PE multiples?
Zomato, CarTrade Tech, Olectra Greentech, Waaree Renewable Technologies, JBM Auto, ABB India, Trent, and Godrej Properties are high PE stocks showing multibagger returns. Consider using various valuation metrics and expert insights for informed investment decisions.
D2C space: Investments in "not my parents' brands" are #trending
Investors like Titan Capital are shifting focus to Gen Z brands, moving away from traditional brands. This trend is visible in brands such as Perfora, Wakefit, Hocco and Mokobara across various sectors, reflecting the changing consumer behaviour towards new and innovative products. The phenomenon of Gen Z consumers not using their parents' brands is visible in even sectors such as automotive and smartphones.
Why BYD's EV exports sell for twice the China price
BYD strategically hikes export prices to maximize profit margins, significantly exceeding domestic prices. This approach aims to offset domestic price wars and boost profitability amid fierce competition in the global EV market.
China's BYD seeks to redefine luxury for the EV generation
BYD's Denza Z9GT challenges Mercedes-Benz in the premium EV market, showcasing advanced technology and upmarket push to increase profitability amid a saturated domestic market and international scrutiny.
Discount: Tesla's answer to unusual number of EVs in stock
While Tesla started charging $1,000 more to custom order its best-selling vehicle, the Model Y, at the beginning of the month in the US, it's offering much bigger markdowns on the SUVs it has in inventory. The rear-wheel drive version, for example, can be had for $4,600 off, while long-range and performance Model Ys are discounted by at least $5,000.
Ola announces special discount on Women's Day, offer on electric scooters valid till this day
Ola Electric is offering additional discounts on International Women's Day, on top of the discounts announced earlier. However, the offer is valid for a limited time.
Bounce Infinity announces huge Rs 24,000 discount. Offer valid till this date
Bounce Infinity's E1+ electric scooters are equipped with 1.9 kWh removable lithium-ion batteries that can be charged using a standard 15 Amp wall socket. With a top speed of 65 kmph and a 2.2 kW peak power motor, the model offers a real-world range of over 70 kms.
Okaya offering huge Rs 18,000 discount on electric scooters. Check details
Okaya EV's Managing Director, Anshul Gupta, states that the price reduction aims to strengthen affordability, alleviate concerns about EV pricing, and accelerate the adoption of electric vehicles in India. The company aims to achieve significant milestones in the near future.
TVS Motor's product mix, caution on EV discounts help retain edge
A better product mix and a judicious call on staying away from EV scooter discounting should fatten margins. The maker of Apache expanded its margins by 114 basis points on a year-on-year basis to 11.2% in the December quarter and its operating profit (Ebitda) per vehicle rose to a record high of ₹8,397. One basis point is 0.01 percentage point.
Hero MotoCorp offering huge discounts on Vida V1 Pro electric scooter. Check details
Hero MotoCorp is offering huge discounts on its Vida V1 Pro electric scooter, bringing the effective price down to just Rs 1.25 lakh. The scooter offers a top speed of 80 kmph and a range of 110 km. It has fast charging capabilities and can charge up to 80% in 65 mins. The V1 Pro also features a touchscreen display, LED headlamps, 26L bootspace, and various other nifty features. Additionally, there are instant loan options available for the Vida V1 Pro at just 5.99% interest rate with no processing fee.
Ola Electric announces discounts worth Rs 15,000 on its EVs. Check last date and offers
Ola has announced a range of exciting offers to celebrate the start of the harvest festivities in India including extended warranty, finance deals, as well as flat discounts.
Want to buy an electric 2-wheeler? You may have just few days to get a good bargain
If you're considering purchasing an electric vehicle, especially a two-wheeler, time is of the essence to secure a great deal. Numerous electric vehicle manufacturers have introduced special offers on electric two-wheelers exclusively for this month. Additionally, there are uncertainties surrounding the continuation of the FAME subsidy in the near future.
Tata Motors is offering discounts of up to Rs 1.10 lakh on Tiago and Tigor EV
For those interested in purchasing the Tigor EV compact sedan, there is a substantial discount of up to Rs 1.10 lakh. This includes a flat cash discount of Rs 50,000 on the model's sticker price, as well as an exchange bonus of Rs 50,000.
Ather announces big discounts on 450S and 450X electric scooters
Available for the month of December 2023, customers can enjoy significant discounts on the Ather 450S and 450X electric scooters, with a maximum discount of up to Rs 24,000, under the offer.
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