How Tata makes CNG cars in Pune: Plant visit and production process | TOI Auto
In the stock market, Volvo Cars’ shares rose 6% during morning trade, mitigating the year-to-date decline to 12%.CEO Jim Rowan, in recent statements, expressed positive expectations for both demand for Volvo cars and profit margins for its batteryelectric vehicles (BEV) in the current quarter, in comparison to the previous quarter. This optimistic outlook follows the group’s third-quarter profits falling short of estimates.
In contrast, competitors like General Motors, Ford, Tesla, and Volkswagen had previously cautioned about underwhelming development in demand for electric vehicles (EVs).
Volvo Cars highlighted a 13% sales increase in Europe, a 19% rise in the U.S., and steady sales in China.