Spinny, a used-car retailing platform has shared insights of sales in the first quarter of CY2023. The company says it saw considerable growth in demand for used cars, especially from Tier 1 and Tier 2 cities, of which 65% are first-time car buyers (January 2023 to April 2023) as compared to 60% in 2022. It estimates […]
Car major Ford India has increased the equivalent average days in its severance package offer from the earlier 115 days to 121 days for employees who are supporting production at the Chennai plant, in a bid to ensure timely settlement for all employees by July 31. The company has requested the workers’ union to engage […]
End-to-end online sales of passenger vehicles (PVs) have seen an upswing in the last three years as Covid-related disruptions led companies to focus more on such channels and customers getting more comfortable with the idea. Some car manufacturers started basic online channels in 2019, which were sharpened during 2020-2021, and today, sales through the medium […]