06 May 2026
06 May 2026
GlobalData has revised its 2026 US light vehicle sales forecast down by around 100k to 16 million units.
Nissan also plans to consolidate two lines at its Sunderland plant into one and is talking to a third party about contract manufacturing.
Strong European sales helped counter weakness in the US and China.
Construction has been “postponed indefinitely” in response to falling BEV demand in the US.
The US EV maker is targeting the start of R2 deliveries around June, with the launch viewed as an important step in expanding Rivian’s customer reach beyond the premium EV segment.
The Mumbai-based automaker said Q4, which ended 31 March, consolidated profit after tax (PAT) rose to Rs46.68bn ($490.4m) from Rs32.95bn a year earlier, while revenue increased 29% to Rs549.82bn.
The government had previously announced the withdrawal of regional tax incentives.
The vehicle market declined moderately last month from weak year-earlier levels.
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