Otomotiv Telematik Çözüm Pazarı COVID-19 un Ortasında Son Trendler, Sektör Büyüklüğü ve Rekabetçi Durum – Haber Radikal haberradikal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from haberradikal.com Daily Mail and Mail on Sunday newspapers.
Second Covid wave dents auto sector s recovery momentum: ICRA
By IANS |
0 Views
Second Covid wave dents auto sector s recovery momentum: ICRA. Image Source: IANS News
New Delhi, May 20 : The second wave of Covid-19 has dented the recovery momentum of automobile sector s Original Equipment Manufacturers (OEMs) and auto-ancillaries, said ratings agency ICRA. Not only have many auto OEMs and auto ancillaries resorted to plant shutdowns as a restrictive measure, but also automotive dealerships across regions have not been operational in light of regional restrictions imposed by various states and local authorities in order to curb the pandemic, the ratings agency said.
Read more about Second coronavirus wave dents auto sector s recovery momentum: Icra on Business Standard. The second wave of Covid-19 has dented the recovery momentum of automobile sector s Original Equipment Manufacturers (OEMs) and auto-ancillaries, says ratings agency Icra
Read more about Icra downgrades growth peg of various auto segments due to second wave on Business Standard. Unlike the first wave, which was largely limited to urban clusters, the second wave has seen deeper and wider penetration, including rural hinterlands
NG Vehicles Still An Emissions Competitive Technology
According to our latest market study on “Natural Gas VehicleMarket Forecast to 2027 – COVID-19 Impactand Global Analysis– by Fuel Type (CNG and LNG),Application (On Road and Off Road), and Vehicle Type (Passenger Vehicles, Light and Commercial Vehicles, and Heavy Commercial Vehicles),” the market was valued at US$ 17,100million in 2019 and is projected to reach US$ 28,805.75million by 2027; it is expected to grow at a CAGR of 6.9% from 2020 to 2027.
Europe led the global natural gas vehicle market with 8.1% revenue sharein 2019, followed by Asia-Pacific (APAC)and North America. EuropecomprisesGermany, Italy, Russia, the UK, France,and the Rest of Europe. Automotive is one of the major manufacturing industries in European countriesas it considerably contributes to the countries’ gross domestic product. Also, several premium automotive manufacturers are based in the region. The vehicles andfuelling stationsare constantly