Chinese Vehicle Makers to Tap Potential in Global Markets

Total Page:16

File Type:pdf, Size:1020Kb

Chinese Vehicle Makers to Tap Potential in Global Markets 16 | Tuesday, June 25, 2019 HONG KONG EDITION | CHINA DAILY BUSINESS Commodity expo to promote trade with South Asian nations KUNMING — Representatives at Yunnan, said Yunnan has become the just­ended South and Southeast more open with the help of better Asia Commodity Expo and Invest­ transport infrastructure and a batch ment Fair said the event has of cross­border cooperation pro­ brought more opportunities to Chi­ jects. na, South and Southeast Asian Infrastructure interconnectivity countries. has provided more opportunities to The expo, which was held from Thailand, said Sithichai Jindaluang, June 14 to 20 in Kunming, capital of deputy governor of Udon Thani Yunnan province, the country’s province, Thailand. major gateway to Southeast Asia The China­Laos­Thailand Inter­ and South Asia, has highlighted Chi­ national Railway Corridor will pro­ na’s closer ties with the region as it mote trade and investment among pushes forward the Belt and Road the three countries, he said. Initiative. Statistics show that the total trade With six major exhibition areas, volume between Southwest China’s 17 pavilions and 7,500 standard Yunnan province and the five coun­ booths, the exposition draws exhib­ tries in the Greater Mekong Subre­ itors from 74 countries, regions and gion increased 5.6 percent year­on­ international organizations. A total year in 2018. of 3,348 enterprises from home and Ruwan Edirisingh, president of abroad were present at the expo. the South Asian Association for Regional Cooperation Chamber of Commerce and Industry, said the $6.4 Southeast Asia Commodity Expo billion along with the China­South Asia Yunnan’s trade with members Exposition has boosted economic of the Association of Southeast exchanges between China and Asian Nations in the first five South Asia, which have maintained months of this year rapid economic growth in recent An employee polishes a Haval H6 sport utility vehicle, manufactured by Great Wall Motors Co, at the 2018 Moscow International Auto years. Show in Moscow, Russia. BLOOMBERG South Asia boasts abundant natu­ ral resources while China has obvi­ 140.1 ous advantages in financial and billion yuan industrial technology. Therefore, China’s imports and exports the two sides have great cooperation with South Asian countries in potential, Ruwan Edirisingh said, Chinese vehicle makers to tap 2018 adding that Chinese enterprises will enjoy more preferential policies when investing in South Asia. The main guest country this year China’s imports and exports with was Cambodia, which already has South Asian countries totaled 140.1 strong ties with Yunnan province in billion yuan in 2018, up 10.5 percent potential in global markets various sectors like health, educa­ year­on­year. tion and tourism. Tipu Munshi, Bangladeshi com­ Chhuon Dara, secretary of state at merce minister, said China has the Cambodian Ministry of Com­ become Bangladesh’s largest trade Companies make headway with JVs ton project manager, said after two wholly­owned full­process manu­ merce, said the BRI provides a plat­ partner and Bangladesh hopes Chi­ years of cooperation, they have facturing plant by any Chinese car­ form for international cooperation, na will expand the scale of invest­ and acquisitions in BRI economies seen encouraging progress. maker. boosts international exchanges, ment in the country, especially in Geely is helping Proton to The plant has a designed annual helps build a global economic sys­ infrastructure and tourism. By LI FUSHENG revamp its plants as well. The facili­ capacity of 150,000 vehicles, and in tem and promotes international Sune Detvongsa, vice­president of [email protected] ty in Tanjung Malim is now ready to accordance with the carmaker’s trade and investment. the Lao National Institute of Eco­ We set a goal to help produce the X70 SUV later this vision, around 65 percent of com­ According to Kunming Customs, nomics, said e­commerce and the China’s carmakers are speeding year, as local assembly trials had ponents will be purchased locally Yunnan’s trade with members of the digital economy will become impor­ up their expansion into overseas it to become the No 1 started on June 12. in Russia. Association of Southeast Asian tant driving forces for regional eco­ markets, especially in the Belt and brand in Malaysia Proton Chairman Syed Faisal The carmaker hopes the plant Nations increased 13.6 percent year­ nomic growth and industrial Road economies, which is expected Albar said that the two companies’ will better serve local demands but on­year to reach 44.2 billion yuan transformation. Governments need to boost their sales and more and a top three brand partnership has proved to be a also work as a base for its foray into ($6.4 billion) in the first five months to make greater coordination and importantly help improve the local in the ASEAN region. shining example of cooperation eastern European markets, includ­ of this year. Its trade with South efforts to maximize the opportuni­ automotive industry. between both countries. He also ing the adjacent countries of Bela­ Asian nations surged 75.4 percent to ties brought about by regional coop­ Zhejiang Geely Holding Group, The results so far are suggested that Chinese compa­ rus, Ukraine and Moldova. over 1.5 billion yuan in the same eration and connectivity. owner of Volvo Cars, purchased a showing that we are nies use Malaysia as a gateway to Great Wall Motors said it would period. 49.9 percent stake in Malaysian the ASEAN market, which has a like to make the most of the plant Zhang Guohua, vice­governor of XINHUA carmaker Proton in June 2017. on the right path.” population of 650 million. by producing models of other Chi­ Within two years, the brand has Daniel Donghui Li, chief finan­ China’s Industry and Informa­ nese brands aiming to expand their shown encouraging signs of fast cial officer of Zhejiang Geely tion Technology Minister Miao Wei footprint overseas. recovery. Holding Group said during the plant’s opening cer­ “Going global is an inevitable In May, Proton sold 10,711 vehi­ emony that Geely and Proton trend for Chinese brands,” said Wei cles, a 46­month high. From Janu­ Made at one of Geely’s plants in should seize the opportunities pro­ Jianjun, founder and chairman of ary to May, its sales totaled 36,157 Zhejiang province, the model was vided by the Belt and Road Initia­ the company. units, up 70 percent year­on­year. built based on its popular Boyue tive, and urged them to deepen “The Haval plant in Russia is one By the end of April, it had become sport utility vehicle but tweaked to cooperation to offer globally com­ of the most important parts of the second best­selling brand in meet Malaysian customer petitive products. Great Wall Motors’ overseas strate­ Malaysia. demands. Besides Malaysia, Geely has built gy, and it starts a new era for Chi­ Daniel Donghui Li, chief finan­ Geely said the model is just part plants in countries like Belarus, the nese carmakers to sell their cial officer of Geely, said one reason of the story. In fact, it has intro­ UK and Sweden and is selling its technology and standards to for­ why Proton singled out Geely from duced for Proton a comprehen­ models in more than 20 countries eign markets,” he said. others was that the Chinese car­ sive strategy covering aspects and regions. Great Wall Motors President maker had a unique vision for Pro­ from personnel, product quality Another leading Chinese car­ Wang Fengying said the global ton’s future development. and cost control to research and maker, Great Wall Motors, is reap­ market will become the main bat­ “We set a goal to help it to development and plant renova­ ing fruits of its going­global efforts tlefield for the company. become the No 1 brand in Malaysia tion. in Russia. “Thus, we have made a global and a top three brand in the Proton engineers are also join­ On June 5, a Haval F7 SUV rolled development strategy, sped up ASEAN region. The results so far ing Geely’s research teams in off its plant in Tula, a city 193 kilo­ planning internationally and are showing that we are on the Ningbo, Zhejiang province, and meters south of Moscow. Haval is expanded investment in the over­ right path,” said Li, who is also a the two sides are working to find one of Great Wall Motors’ three seas markets,” she said. Proton board member, in late April. solutions that will enable Proton automotive brands. Great Wall Motors is currently An exhibitor from Pakistan polishes a handmade bronze ornament Proton’s burnished perform­ to benefit most from Geely’s prov­ The $500 million plant is the selling its SUVs and pickup trucks at the recent South and Southeast Asia Commodity Expo and ance was mainly thanks to its en system. company’s largest ever investment to more than 50 countries and Investment Fair in Kunming, Yunnan province. XINHUA model X70 launched in December. Ahmad Muzaimi Zainol, a Pro­ overseas. It is also the first overseas regions, said Wang. Russian products prove a hit with visitors HARBIN — Vodka, ice cream, Harbin resident Wang Xin, who “Many customers bought the fits to more people in the two coun­ flour and soybean oil from Russia, bought four packets of the candies candies to treat guests during tra­ tries.” are all the rage among a large num­ at the expo. “I’ve often heard people ditional Chinese festivals, which Official data showed the bilateral ber of visitors to the just ended Chi­ say Russian products are cheap and are usually the busiest times for trade volume between China and na­Russia Expo held in Harbin, of good quality.” our company,” Lyu said, adding Russia last year exceeded $100 bil­ capital of Northeast China’s Hei­ For Lyu Wei, chairman of a trad­ his company would receive more lion, a record high.
Recommended publications
  • 2333 a Share Stock Code: 601633
    (a joint stock company incorporated in the People's Republic of China with limited liability) H Share Stock Code: 2333 A Share Stock Code: 601633 * For identification purpose only IMPORTANT NOTICE I. The Board, the Supervisory Committee and the directors, supervisors and senior management of the Company warrant that the contents of this annual report are true, accurate and complete and do not contain any false representations, misleading statements or material omissions, and jointly and severally take legal liability for its contents. II. All the directors of the Company attended the Board meeting. III. Deloitte Touche Tohmatsu Certified Public Accountants LLP has issued the standard audited report for the Company without qualified opinion. The financial information in the annual report was prepared in accordance with China Accounting Standards for Business Enterprises and the relevant laws and regulations. IV. Wei Jian Jun, person-in-charge of the Company, Li Hong Shuan, person-in-charge of the accounting affairs and Lu Cai Juan, person-in-charge of the accounting department (head of the accounting department), declare that they warrant the truthfulness, accuracy and completeness of the financial report in this annual report. V. Proposal of profit distribution or capitalization of capital reserve during the Reporting Period reviewed by the Board As audited by Deloitte Touche Tohmatsu Certified Public Accountants LLP, the net profit of the Group and net profit attributable to shareholders of the Company in 2020 amounted to RMB5,362,490,194.32 and RMB5,362,490,194.32 respectively. The Company has implemented the profit plan for the first three quarters of 2020, pursuant to which it distributed a cash dividend of RMB0.28 (tax inclusive) per share to all shareholders, with a total cash dividend of RMB2,569,266,924.00 (tax inclusive) distributed.
    [Show full text]
  • GREAT WALL MOTOR COMPANY LIMITED (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 2333)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 長 城 汽 車 股 份 有 限 公 司 * GREAT WALL MOTOR COMPANY LIMITED (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2333) ANNOUNCEMENT OF AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019 The board of directors (the “Board”) of Great Wall Motor Company Limited (the “Company”) is pleased to announce the audited results of the Company and its subsidiaries for the year ended 31 December 2019. This announcement, containing the full text of the 2019 Annual Report of the Company, is prepared with reference to the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to preliminary announcements of Annual Results. The Company’s 2019 Annual Report will be available for viewing on the websites of The Stock Exchange of Hong Kong Limited at www.hkexnews.hk and of the Company at www.gwm.com.cn. Printed version of the Company’s 2019 Annual Report will also be delivered to the Company’s shareholders. By order of the Board Great Wall Motor Company Limited Xu Hui Company Secretary IMPORTANT NOTICE I. The Board, the Supervisory Committee and the directors, supervisors and senior management of the Company warrant that the contents of this annual report are true, accurate and complete and do not contain any false representations, misleading statements or material omissions, and jointly and severally take legal liability for its contents.
    [Show full text]
  • GWM Announces the Global Premier of Haval Concept H & the India
    PRESS RELEASE GWM announces the Global Premier of Haval Concept H & the India debut of its Concept Vehicle – Vision 2025 Greater Noida, 5th February 2020: Great Wall Motors, China’s largest SUV manufacturer, today globally premiered its Haval Concept H & announced the India debut of the concept vehicle – Vision 2025, during the press conference organized at Auto Expo – The Motor Show 2020. Emphasizing on the theme of Intelligent Mobility Redefined, GWM had on display among other models - Haval: H9, F7, F7x, F5 and the GWM EV: iQ & R1. At the GWM pavilion on display was a functional area that had a showcase of Lithium Ion Battery, Haval Intelligent Home, Haval Intelligent Safety Display, and Great Wall Autonomous EV. Over the past decade, GWM has invested more than 1.5 billion USD for research the development of cutting-edge technologies such as new energy, intelligent network connection and autonomous driving, and build exclusive platforms and product lineup for new energy vehicles. GWM plans to invest an estimated total of 1 billion USD (approx. INR 7000 cr) in India in a phased manner, covering manufacturing plant, vehicle research and development, production of power batteries and electric drives, vehicle and component manufacturing. At the same time, it plans to provide estimated 3,000 direct employment in a phased manner. Taking the opportunity of the Auto Expo 2020, GWM today made India Debut of its Haval and GWM EV brands and hopes to offer high technology premium products to Indian consumers, and also contribute to Govt vision of a pollution free renewable energy based society.
    [Show full text]
  • Corporate, Social and Responsibility Report
    (a joint stock company Incorporated in the People's Republic of China with limited liability) H Share Stock Code: 2333 A Share Stock Code: 601633 2 019 Corporate, Social and Responsibility Report * For identification purpose only CONTENTS About This Report 02 Message from Executives 04 A Close Look at Great Wall Motor 06 Corporate Governance 22 Responsibility Management 30 Product Responsibility 34 Responsibility for Employees 49 Social Responsibility 53 Environmental Responsibility 63 ESG Reporting Guide 72 Feedback Form 78 CSR Report 2019 1 About This Report About This Report I. REPORTING PERIOD: V. DEFINITIONS IN THE REPORT This report is the 9th annual corporate social responsibility report issued by Great Wall Motor Company “Great Wall Motor” or Great Wall Motor Company Limited Limited since 2011. This report covers the period from 1 January 2019 to 31 December 2019, with the “Company” or “we” certain information extending to the previous or subsequent years where appropriate. the “Group” the Company and its subsidiaries II. SCOPE OF REPORT: “Great Wall Holdings” Baoding Great Wall Holdings Company Limited (the indirect The scope of report covers the Company and its subsidiaries. Some contents involve Baoding Great Wall controlling shareholder of the Company) and its subsidiaries Holdings Co., Ltd and its subsidiaries. Please refer to the annual report of Great Wall Motor Company Limited for detailed corporate information. VI. NOTE TO THE REPORT III. CONTENTS OF REPORT: Data in this report are sourced from the Company’s audit report, annual report or other statistical documents. This report contains uncertainties about future plan or forecast. This report has not been This report discloses the Company’s information on economic, social and environmental performance reviewed by any independent source and investors are advised to be aware of the risks involved.
    [Show full text]
  • Annual Report
    (a joint stock company incorporated in the People's Republic of China with limited liability) H Share Stock Code: 2333 A Share Stock Code: 601633 2 019 ANNUAL REPORT * For identification purpose only IMPORTANT NOTICE I. The Board, the Supervisory Committee and the directors, supervisors and senior management of the Company warrant that the contents of this annual report are true, accurate and complete and do not contain any false representations, misleading statements or material omissions, and jointly and severally take legal liability for its contents. II. All the directors of the Company attended the Board meeting. III. Deloitte Touche Tohmatsu Certified Public Accountants LLP has issued the standard audited report for the Company without qualified opinion. The financial information in the annual report was prepared in accordance with China Accounting Standards for Business Enterprises and the relevant laws and regulations. IV. Wei Jian Jun, person-in-charge of the Company, Liu Yu Xin, person-in-charge of the accounting affairs and Lu Cai Juan, person-in-charge of the accounting department (head of the accounting department), declare that they warrant the truthfulness, accuracy and completeness of the financial report in this annual report. V. Proposal of profit distribution or capitalization of capital reserve during the Reporting Period reviewed by the Board As audited by Deloitte Touche Tohmatsu Certified Public Accountants LLP, the net profit of the Group and net profit attributable to shareholders of the Company in 2019 amounted to RMB4,530,732,870.30 and RMB4,496,874,893.92 respectively. The Company proposed to declare a cash dividend of RMB2,281,817,250.00, (representing RMB0.25 per share) (tax inclusive) to the shareholders of the Company for the year ended 31 December 2019.
    [Show full text]
  • Research Report on Telematics Service Providers (TSP) and Their Products, 2021
    Research Report on Telematics Service Providers (TSP) and Their Products, 2021 Mar.2021 STUDY GOAL AND OBJECTIVES METHODOLOGY This report provides the industry executives with strategically significant Both primary and secondary research methodologies were used competitor information, analysis, insight and projection on the in preparing this study. Initially, a comprehensive and exhaustive competitive pattern and key companies in the industry, crucial to the search of the literature on this industry was conducted. These development and implementation of effective business, marketing and sources included related books and journals, trade literature, R&D programs. marketing literature, other product/promotional literature, annual reports, security analyst reports, and other publications. REPORT OBJECTIVES Subsequently, telephone interviews or email correspondence To establish a comprehensive, factual, annually updated and cost- was conducted with marketing executives etc. Other sources effective information base on market size, competition patterns, included related magazines, academics, and consulting market segments, goals and strategies of the leading players in the companies. market, reviews and forecasts. To assist potential market entrants in evaluating prospective INFORMATION SOURCES acquisition and joint venture candidates. The primary information sources include Company Reports, To complement the organizations’ internal competitor information and National Bureau of Statistics of China etc. gathering efforts with strategic analysis,
    [Show full text]
  • 3Q19 Fundamentals Uplifted but Valuation Unattractive 2019年3季度基本面提振但估值不吸引
    股 票 研 [Table_Title] Company Report: Great Wall Motor (02333 HK) Toliver Ma 马守彰 究 (852) 2509 5317 Equity Research 公司报告: 长城汽车 (02333 HK) [email protected] 28 October 2019 [Table_Summary] 3Q19 Fundamentals Uplifted but Valuation Unattractive 2019年3季度基本面提振但估值不吸引 GWM’s 3Q19 net profit increased 506.8% yoy to RMB1,400 million, 公 Rating:[Table_Rank ] Reduce above market and our expectations. The better-than-expected results were Upgraded 司 mainly due to improvement in revenue, in which volume was up yoy by 12.4% and ASP up by 7.4% in 3Q19. Such improvement was contributed mainly 报 评级: 减持 (上调) from the Haval F7. On the other hand, GP margin was up by 3.5 ppts yoy and 告 2.6 ppts qoq. All in all, leading net profit per car rose to RMB6,073. 6[Table_Price-18m TP目标价] : HK$5.35 Company Report Our main concerns lie with growth sustainability in 2020. We are worried Revised from 原目标价: HK$3.65 about the fundamental improvement in 2020 as diminishing effect from the F7 and uncertainty on new car contributions, which also concerns SUVs. Share price 股价: HK$6.230 Moreover, the Company's strong reliance on SUVs may limit its growth potential due to pressure from JV brands. Stock performance We have revised upwards net profit forecasts for 2019 to 2021 by 14.9%/ 股价表现 13.7%/ 13.1%, respectively. We have fine-tuned our volume forecast, [Table_QuotePic] expecting GWM to meet management forecasts this year. We have also 80.0 % of return increased GP margin expectation in 2019 to 2021 after a rebound in 3Q19.
    [Show full text]
  • M Especially Due to Weakness in the SUV Segment (-32% Yoy) and Sedan Segment (-56%) Despite Strong Growth for Pick-Ups (+17%)
    x Country 12 February 2020 Great Wall Motor (2333 HK) Share price (12 Feb): HKD5.67 12-mth rating: Outperform (2) Consumer Discretionary: China Softness in January sales MEMO Kelvin Lau Summary: Great Wall Motor (GWM) registered a volume decline of 28% YoY to 80k (852) 2848 4467 units in January, after declines of 21% in December and 13% in November. This was [email protected] especially due to weakness in the SUV segment (-32% YoY) and sedan segment (-56%) despite strong growth for pick-ups (+17%). We think the sales weakness was due to the earlier Lunar New Year holiday in 2020 (25 January vs. 5 February in 2019). We are cautious on GWM’s February sales number amid the current coronavirus outbreak. Analysis Haval brand sales fell significantly– In January, the total sales volume for the Haval brand fell significantly by 32% YoY, to 59k units, after declines of 27% in December and 22% in November. While sales for the key model M6 remained solid at 14,291 units (+18% YoY), F7 and H6 showed softness at 10,193 units (-32% YoY) and 26,414 units (-41% YoY) respectively. Further, sales for H2, H4, and F5 declined by 60%, 19% and 68% YoY, respectively to 2011, 1294 and 1630 units, respectively. However, H9 showed robust growth of 50% YoY to 1237 units. WEY brand sales fell further– The total sales volume for the WEY brand fell by 37% YoY in January to 6,395 units, vs. declines of 20% for December and 8% for November. Sales for WEY VV5, VV6 and VV7 dropped by 18%, 46% and 24% YoY, respectively, to 1,724, 3,120 and 1,551 units.
    [Show full text]
  • 長 城 汽 車 股 份 有 限 公 司 Great Wall Motor Company
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2333) VOLUNTARY ANNOUNCEMENT ON PRODUCTION AND SALES VOLUME FOR JUNE 2020 This is a voluntary announcement made by Great Wall Motor Company Limited (the “Company”). The board of directors of the Company is pleased to announce that the total production and sales volume of the Company for the month of June 2020 (Units) : Sales Volume Production Volume YoY comparison YoY comparison YoY comparison YoY comparison Model Same Year-to- Year-to- Same Year-to- Year-to- Current Current period last YoY(%) date date YoY(%) period last YoY(%) date date YoY(%) month month year Jun. 2020 Jun. 2019 year Jun. 2020 Jun. 2019 Haval-H2 1,049 1,916 -45.25 6,638 19,028 -65.11 1,114 1,891 -41.09 5,910 19,718 -70.03 Haval-H4 1,064 1,461 -27.17 6,523 11,502 -43.29 1,082 1,540 -29.74 6,316 11,548 -45.31 Haval-H6 23,258 27,052 -14.02 121,771 182,513 -33.28 23,002 25,799 -10.84 118,379 179,422 -34.02 Haval-H9 1,448 441 228.34 7,286 4,781 52.39 1,344 450 198.67 6,799 5,071 34.08 Haval Haval-M6 10,073 2,433 314.02 60,872 41,825 45.54 11,152 2,491
    [Show full text]
  • Maruti's EV Plans Take a Back Seat
    THURSDAY, 6 FEBRUARY 2020 26 pages in 2 sections www.business-standard.com MUMBAI (CITY) ~9.00 VOLUME XXIV NUMBER 124 THE MARKETS ON WEDNESDAY Chg# Sensex 41,142.7 353.3 Nifty 12,089.2 109.5 ECONOMY & PUBLIC AFFAIRS P8 COMPANIES P3 Nifty Futures* 12,086.3 2.9 Dollar ~71.2 ~71.3** Euro ~78.5 ~78.8** MODI TARGETS $5 BILLION OF TATA POWER MOVING AWAY Brent crude ($/bbl)## 54.7## 53.1** Gold (10 gm)### ~40,049.0 ~394.0 DEFENCE EXPORTS IN 5 YEARS *(Feb.) Premium on Nifty Spot; **Previous close; FROM GENERATION: CEO # Over previous close; ## At 9 pm IST; ### Market rate exclusive of VAT; Source: IBJA PUBLISHED SIMULTANEOUSLY FROM AHMEDABAD, BENGALURU, BHUBANESWAR, CHANDIGARH, CHENNAI, HYDERABAD, KOCHI, KOLKATA, LUCKNOW, MUMBAI (ALSO PRINTED IN BHOPAL), NEW DELHI AND PUNE RBI TO GET MORE JIO DEMERGER CASE TEETH TO SUPERVISE Maruti’s EV plans High-powered CO-OPERATIVE BANKS I-T dept now jury to select The Reserve Bank of India (RBI) is set to get BS award more auditory and supervisory powers over urban and multi-state co-operative banks, take a back seat winners today with the Union Cabinet approving the finds merit in Banking Regulation Amendment Bill, 2020, BS REPORTER on Wednesday. “Like commercial banks, Carmakers like Tata Motors and M&M bet big on e-mobility Mumbai, 5 February multi-state and urban co-operative banks NCLAT order will be brought under the RBI regulations. SHALLY SETH MOHILE & A power-packed jury comprising These changes will be only for the banking ARINDAM MAJUMDER leading decision-makers of India side and administrative rights will continue Greater Noida, 5 February Seeks law min opinion on course of action Inc will meet in Mumbai on to remain with the registrars,” said Thursday to select the winners of Information and Broadcasting Minister he country’s largest SHRIMI CHOUDHARY Business Standard’s annual awards Prakash Javadekar.
    [Show full text]
  • China Models Ranking 2019
    China models ranking 2019 Please note these figures are for locally produced models only (unless stated otherwise), they exclude imported cars, which make up only a small portion of sales in China. Model 2019 2018 Change 1 Volkswagen Lavida 533.186 503.825 5,8% 2 Nissan Sylphy 470.707 481.216 -2,2% 3 Haval H6 386.405 452.552 -14,6% 4 Wuling Hongguang 374.878 476.538 -21,3% 5 Toyota Corolla 357.798 374.400 -4,4% 6 Volkswagen Bora 334.668 245.818 36,1% 7 Volkswagen Sagitar 307.323 309.902 -0,8% 8 Buick Excelle GT 279.280 261.920 6,6% 9 Volkswagen Santana 255.836 276.411 -7,4% 10 Honda Civic 243.966 218.132 11,8% 11 Geely Boyue 232.327 255.695 -9,1% 12 Volkswagen Tiguan 228.951 303.374 -24,5% 13 Honda Accord 223.706 176.769 26,6% 14 Toyota Levin 221.629 192.697 15,0% 15 Volkswagen Passat 214.061 179.028 19,6% 16 Honda CR-V 213.306 143.689 48,4% 17 Geely EC7 211.472 246.998 -14,4% 18 Nissan X-Trail 207.776 207.951 -0,1% 19 Changan CS75 193.227 140.293 37,7% 20 Toyota Camry 185.245 163.046 13,6% 21 Nissan Qashqai 179.773 175.045 2,7% 22 Volkswagen Tayron 179.428 20.235 786,7% 23 Volkswagen Magotan 169.242 228.990 -26,1% 24 Audi A4L 167.689 167.923 -0,1% 25 Roewe RX5 166.114 224.819 -26,1% 26 BMW 5-series L 163.500 146.604 11,5% 27 Roewe i5 158.945 66.533 138,9% 28 Baojun 510 158.201 361.403 -56,2% 29 Mercedes-Benz E-Class L 157.504 146.032 7,9% 30 Mercedes-Benz C-Class L 154.614 156.567 -1,2% 31 Honda Crider 154.053 113.108 36,2% 32 Buick GL8 148.121 144.308 2,6% 33 Honda XR-V 147.203 168.250 -12,5% 34 Mercedes-Benz GLC 142.857 118.350 20,7%
    [Show full text]
  • 3D Cars Models Catalogue (On September 30, 2021)
    3D cars models catalogue (on September 30, 2021) Abarth 001 Abarth 205a Vignale berlinetta 1950 AC Shelby Cobra 001 AC Shelby Cobra 427 1965 002 AC Shelby Cobra 289 roadster 1966 003 Shelby Cobra Daytona 1964 004 AC 3000ME 1979 Acura 001 Acura TL 2012 001 ATS GT 2021 002 Acura MDX 2011 003 Acura ZDX 2012 004 Acura NSX 2012 005 Acura RDX 2013 006 Acura RL 2012 007 Acura NSX convertible 2012 008 Acura ILX 2013 009 Acura RLX 2013 010 Acura MDX Concept 2014 011 Acura RSX Type-S 2005 012 Acura TLX Concept 2015 013 Acura Integra 1990 014 Acura MDX 2003 015 Acura Vigor 1991 016 Acura TLX 2014 017 Acura ILX (DE) 2016 018 Acura TL 2007 019 Acura Integra coupe 1991 020 Acura NSX 2016 021 Acura Precision 2016 022 Acura CDX 2016 023 Acura NSX EV 2016 024 Acura TLX A-Spec 2017 025 Acura MDX Sport Hybrid 2017 026 Acura RLX Sport Hybrid SH-AWD 2017 027 Acura MDX Sport Hybrid with HQ interior 2017 028 Acura RLX Sport Hybrid SH-AWD with HQ interior 2017 029 Acura RDX Prototype 2018 030 Acura ILX A-spec 2019 031 Acura MDX 2014 032 Acura MDX RU-spec 2014 033 Acura RDX RU-spec 2014 034 Acura Type-S 2019 035 Acura NSX 1990 036 Acura RDX A-spec 2019 037 Acura ARX-05 DPi 2018 038 Acura RDX 2006 039 Acura MDX A-Spec 2018 040 Acura TLX Type S 2020 041 Acura TLX A-Spec 2020 042 Acura MDX A-Spec US-spec 2021 AD Tramontana 001 AD Tramontana C 2007 Adler 001 Adler Trumpf Junior Sport Roadster 1935 AEC 001 AEC Routemaster RM 1954 002 AEC Routemaster RMC 1954 Aermacchi 001 Aermacchi Chimera 1957 Aeromobil 001 Aeromobil 3.0 2014 Agrale 001 Agrale 10000 Chassis Truck
    [Show full text]