COVID-19 lockdown literally stopped India’s entire population from buying vehicles

Talk about discipline. The Indian government’s massive lockdown plan has been so successful in India that not one–as in zero–of its 1.3 billion population bought a single vehicle in the country for the entire month of April. 

According to Business Today, this is the first time that the India’s “US$120-billion automobile industry registered an unprecedented zero sales in the domestic market in the month of April”.

And while there were a number of exports and tractor sales that were registered during the lockdown — such as Mahindra, which exported around 56 units of tractors and sold 4,716 units last April, these figures are not included in the scope of the lockdown because tractors are considered an essential component needed in “agricultural activity.” 

Prime Minister of India

According to the Society of Indian Automobile Manufacturers (SIAM) car makers has been losing an average revenue loss of Rs 2,300

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2018 Honda Brio: A detailed journey through is specs

While the first-gen Brio hatchback is still available on sale in India, Honda unveiled the second-gen 2019 Brio at the Gaikindo Indonesia International Auto Show in August 2018.

Honda cars in India attract attention and are widely embraced models in the country. The Brio hatchback is also one of the many such models, but is not a very popular choice among the masses mostly for its dated approach to everything. It is criticised for its close-packed cabin and not-so-impressive boot space.

The engine specifications, exterior and interior details of the recently unveiled 2019 Honda Brio cannot be provided with sure confirmation. However, it is certain that the exterior will have a more mature and convention look. It is also expected to come with more features and surely with better space inside.

Let us familiarise ourselves with detailed specifications and key features of the present first-gen Honda Brio model.

Variants available … Read More

Should You Think About Buying Penske Automotive Group, Inc. (NYSE:PAG) Now?

While Penske Automotive Group, Inc. (NYSE:PAG) might not be the most widely known stock at the moment, it led the NYSE gainers with a relatively large price hike in the past couple of weeks. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Let’s take a look at Penske Automotive Group’s outlook and value based on the most recent financial data to see if the opportunity still exists.

Check out our latest analysis for Penske Automotive Group

What is Penske Automotive Group worth?

Great news for investors – Penske Automotive Group is still trading at a fairly cheap price according to my price multiple model, where I compare the company’s price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because

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