Mercedes Cancels Next-Gen MB.EA Large EV Platform Due to Sluggish Sales

Mercedes Cancels Next-Gen
Auto Torque 15 May 2024 0 Comments

Mercedes-Benz shocks the automotive industry by canceling its next-generation MB.EA Large electric vehicle platform, citing poor sales as the primary reason. The decision marks a significant shift in strategy for the renowned automaker. Investment Savings Estimates Investment Savings Euro (€) Approx. Rupees (Rs) Minimum Estimate €4 billion Rs 36,074 crore Maximum Estimate €6 billion Rs […]

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India Positioned to Become Citroen’s Second Largest Market, Says Global CEO

Citroen
Auto Torque 4 May 2024 0 Comments

In a recent interview with Autocar India, Thierry Koskas, the global CEO of Citroen, expressed confidence in India’s potential to become the brand’s second-largest market globally within five years. With an ambitious sales target of 1 lakh units annually, Citroen aims to capitalize on India’s growing automotive market and evolving consumer preferences. Koskas highlighted the […]

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