The pre-owned car market started to outpace the new car market during the pandemic.Hindustan Times / Getty Images India minted four used-car unicorns between November 2020 and November 2021. A growing middle class and the rise of the millennial generation is driving the sector’s growth. India’s automotive industry is expected […]
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Coronavirus slashes UK car output as industry warns of big hit
By Costas Pitas LONDON, April 30 (Reuters) – The British car industry faces losing output worth more than 8 billion pounds ($10 billion) due to the coronavirus outbreak, which cut production in March by a third, falling to its lowest level since 2009, an industry body said on Thursday. The […]