11 August 2025
11 August 2025
GlobalData still forecasts that India's light vehicle market will hit five million units this year.
The company is being hit by tariffs in the US and lower JLR sales.
In June, the EV manufacturer initiated an autonomous rideshare service in Austin, Texas.
Demand continues to be driven by BEVs and hybrids.
Hyundai and Kia participate as strategic investors.
During the quarter, Lyft repurchased 12.8 million shares for $200m as part of its share repurchase programme.
Local distributor GB Auto unveiled three electrified models.
The Batur Convertible boasts a 740bhp, hand-assembled 6.0-litre twin-turbocharged W12 engine.
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