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Sinomach Automobile Latest News

  • Didi is in talks with state-backed Sinomach Automobile to buy a third of its electric-vehicle unit, two sources said, signalling the ride-hailer's regulatory troubles are in the rear view mirror as it focuses on growth.
    Didi Pursues EV Stake As It Aims To Emerge From Regulatory Shadows - Report

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  • Dented by high fuel and interest costs in a slower economy, automobile manufacturers reported mixed sales for last month. Sales of India's largest passenger car manufacturer Maruti Suzuki reported an increase of 19.2 percent in its total sales, including exports, for May at 100,925 units.
    May 2014 Automobile Sales - Gainers & Losers