Thursday, February 9, 2023
News
NEWS HOME
»
PRN INDIA
India's pre-owned car market to surge 2.5X in value to be INR 4.4 Trillion and grow 2x in volume to reach 8.2 Mn units, over the next five years: OLX - CRISIL Auto Note 6
  SocialTwist Tell-a-Friend  
   

A summary of key findings for the pre-owned car market, FY22 - 27

  • The pre-owned car market continues to outpace the new car market and is forecasted to do so over the next 5 years
  • The pre-owned car market is expected to grow at a CAGR of 16% from FY22 - 27 while the new car market will grow at a CAGR of 10%
  • Growth in the pre-owned car market is fuelled by low car penetration, economic growth and rising disposable incomes, accelerated shift to digital, revival of new car launches post pandemic, shrinking car replacement cycles & favorable regulatory support
  • UVs will become the fastest growing segment in pre-owned cars - growing at 3X, extending their market share in the pre-owned car segment from 22% in 2022 to 32% by exit 2027
  • Digital platforms to expand by 4X, from 3% in FY22 to more than 12% in FY27, with huge headroom for growth

GURUGRAM, India, Nov. 25, 2022 /PRNewswire/ --  The Indian pre-owned car market is poised to accelerate and vroom past the new car market, states the 6th annual edition of OLX Autos report in partnership with CRISIL.

While the pre-owned car market has traditionally outstripped the new car market, the former will further accelerate its lead on new cars over the next 5 years - on the back of low car penetration, shift to digital, new car launches, shrinking replacement cycles and a favorable regulatory environment.

In FY21, Covid-19's impact was evident in the pre-owned car market, amidst the supply shortage as well as country wide lockdowns. However, in FY22, the pre-owned car market has achieved pre-pandemic levels in volume terms and has grown 9% since. Going forward, in FY23, the industry will pick up pace, backed by a return to near-normalcy and improved consumer sentiment, increase in mobility with the opening of offices and a resurgence in travel, and improved new vehicle supply.

The annual OLX-CRISIL Auto Note 6, examines the last 5 years of the pre-owned car market from FY17 to FY22 and charts the trends for the next five years - from FY22 to FY27 that will shape the pre-owned car market in India. This study also highlights the region-wise demand trends, emerging consumer preferences, the most popular car models across segments in the pre-owned market, and the rapid growth of financial services in the pre-owned car market.

According to Mr Amit Kumar, CEO, OLX India. "Over the last 6 years, OLX Auto Note has established itself as a leading voice on the pre-owned car market and the emerging trends that will shape its future. This year, emerging from the impact of Covid-19, the pre-owned car market is poised for further acceleration in the coming years. There is a clear preference for pre-owned cars among consumers in larger towns, fuelled by an accelerated shift to digital channels - that offer higher convenience and build consumer trust. Urban markets drive the bulk of the demand for cars in India, With 37% of the Indian population living in urban areas by 2025, we will see a sharp rise in disposable incomes and affordability for discretionary spending on personal mobility."

Pre-owned car market to double in size over the next 5 years (FY22 - 27)

Growing at a CAGR of 16%, the pre-owned car market is expected to double in size from 4.1 million units in FY22 to 8.2 million units in FY27,   increasing its lead by 1.7X over the new car market.

Interestingly, during this period, the new car market is also expected to witness healthy growth, and grow at a CAGR of 9-11%, reaching 4.8 - 5 mn cars by FY27. Infact, the new car market will record high sales in FY23 backed by improvement in production levels, product launches coupled with continued traction for the UV segment.

Market share for UVs at 49% surpassed those of both small cars (45%) and sedans (3%) combined in FY22. The UV segment has grown from 25% in FY17 to 49% in FY22. During the same period, large (from 8% to 3%) and small (65% to 45%) have de-grown in annual sales.

Share of UVs to grow a phenomenal 3X in the pre-owned car segment

In the pre-owned car segment, UVs have increased their share from 17% in FY17 to 22% in FY22. Over the next 5 years, UVs will continue to experience accelerated growth of 3X, reaching a market share of 32% in the pre-owned car market. This segmental shift towards UVs in the pre-owned car market will further help uplift the average price of a pre-owned car, leading to a 2.5X growth in the overall value of the pre-owned car market, over the next 5 years, from Rs. 1.8 trillion in FY22 to Rs. 4.1 trillion in FY27, growing at a CAGR of 19%.

The most popular UVs in the pre-owned car segment as per OLX platform data are Hyundai CRETA, Maruti Brezza, Maruti Ertiga and Mahindra XUV500.

Share of small and large cars in the pre-owned car segments and popular brands

Small cars no doubt dominate the pre-owned segment commanding 58% of all cars, with Maruti maintaining its dominance. The share of small cars will contract marginally by 2% to 56% by FY27. The most popular small cars as per OLX platform data considering the average vehicle age of 5 years in the pre-owned segment are Maruti Baleno, Hyundai Elite i20, Renault KWID, Maruti Suzuki Dzire and Hyundai Grand i10.

The large car or sedan pre-owned segment will see the most contraction, declining from 12% share in FY22 to 7% in FY27 owing to the declining sales in the new car market, lack of new model launches and a shift in preference towards UVs. Honda City continues to be India's favorite sedan in the pre-owned segment.

The shift towards UVs is driving down the age of pre-owned cars, and also improving the average buying price in the category

Preference for UVs, especially compact UVs is on the rise mainly in urban markets in line with the expanding share in the new car market. Share expansion of UVs is expected to continue as the recently launched compact UVs come into the pre-owned car market. Given the intermittent launches, UVs are also seeing faster replacement cycles as its customers typically tend to replace their cars sooner.

This segment shift to UVs in general will have a domino effect in terms of the age of the cars in the pre-owned segment.  The availability of younger vehicles will be much larger and also preferred.  

The share of cars that are in the age bracket of 0 to 7 years, would form nearly 58% of available cars in the pre-owned segment in FY27, adding tremendously to its attractiveness and preference among buyers. Thus in FY27, the number of cars in the 0-7 age bracket would be 2.2X that of FY22.

Age of vehicle and price key criteria while buying a pre-owned car

While metro buyers prefer younger vehicles, price is the primary selection criterion in tier 2/3 cities.

Preference for UV and vans is relatively higher in the East region, while within cars primarily cheaper, lower compact/ basic hatchbacks priced in the Rs 2-3 lakh range are preferred. The average age of vehicles was also higher in the East at   - 6-8 years, compared to other regions.  

Small car/Hatchback prices typically range between Rs 2-4 lakh, sedans around Rs 5-6 lakh and UV prices were relatively higher in the   7-9 lakh range in the preowned market.                                                                  

Contribution of Digital platforms to grow 4X by FY27 with huge headroom for further growth

Digital platforms will make massive strides, growing from 3% in FY22 to more than 12% in FY27, an increase of 4X. The organized market (dealers with sales showrooms and workshops) will make up 40% and C2C channel will be 20% in FY27. The unorganized market that comprises dealers without a basic sales set up and workshop  will shrink by half to just 25% by FY27.

Regulatory Environment

Favorable regulatory requirements will help propel the growth of the organized and digital sector. Recently, MoRTH has issued a draft notification setting down guidelines and new regulations for the vehicle resale market whereby dealers would be required to get an authorization certificate to identify their authenticity.

Further, the introduction of BH registrations by the Government, will simplify interstate vehicle transfer and will enable free transaction of cars across state borders.

Pre-owned car financing to see a significant thrust

The pre-owned car financing market is expected to grow at a CAGR of 25% from Rs. 360 Bn to Rs. 1275 Bn by FY27.

Expected premiumization in vehicles would drive up average vehicle prices and in turn average financing value per car in the pre-owned car market. Finance penetration (pre-owned cars financed out of total pre-owned cars sold) will grow significantly from 25% - 30% in FY22 to 35%-40% in FY27.

"Post pandemic, the Indian automobile sector has shown strong growth both in the new car as well as the pre-owned car market. Increased preference for personal mobility, easing supply-side constraints, increased discretionary and a shift in product mix are contributing towards the sector's growth. Our yearly study of the market with OLX Autos highlights these dynamic shifts alongside the move to digitally driven and organised players that are further supporting the fast track growth of the used car market," said Hemal Thakkar, Director, CRISIL Research.

Tier II cities lead in the demand for pre-owned cars

Tier II cities have been the growth engine for demand for pre-owned cars with Tier II cities making up nearly 40% of the demand, followed by metro cities at 35% and tier III cities and rural, making up for the rest of the 25%.

Other Key Highlights

  • First time buyers typically form 40-45% of the overall customer base of the pre-owned car market.
  • Women buyers currently contribute nearly 10% in metro/tier 1 cities and less than 5% in tier 2/3 cities.  
  • Preference for automatic versions is also higher in metros with the worsening traffic conditions coupled with higher women participation who predominantly prefer automatic variants.            

Methodology

CRISIL's research is derived on the basis of the data from key industry bodies, and the OLX platform that is then extrapolated through their algorithms and calculations. The research report is further complemented by interactions on the ground across various market participants that includes dealers, pan India.

CRISIL is India's foremost provider of ratings, data, research, analytics and solutions with a strong track record of growth, culture of innovation and a global footprint.

About OLX Autos

OLX Autos builds advanced trading platforms for buying and selling second-hand cars. It combines online and offline services in a simple one-stop solution - bringing convenience, safety, and peace of mind to car buyers and sellers alike, and across 9 countries and four continents.

OLX Autos operates 550+ inspection centers across Asia, Europe and the Americas, and online trading platforms for people to buy and sell cars. Over 65K vehicles are inspected per month globally.

OLX Autos is currently active in Argentina, Chile, Colombia, India, Indonesia, and Mexico. It operates under the well-known webuyanycar.com brand in the US, and letgo Otoplus in Turkey, and 321 SPRZEDANE and OTOMOTO Klik in Poland.

OLX Autos is part of OLX Group, which operates one of the fastest-growing networks of trading platforms globally. It serves 322 million people every month in 30+ countries around the world, helping them buy and sell cars, find housing, get jobs, buy and sell household goods, and much more. For more information, visit www.olxgroup.com.

More News by PR Newswire India

SXSW SYDNEY™ REVEALS FIRST LOOK AT INAUGURAL EVENT IN OCTOBER 2023

U.S. Centers for Disease Control to extend National Wastewater Surveillance System contract with Biobot Analytics

The world's oldest living lab rat points the way to rejuvenation

Deltek Announces the Winners of Its Global Partner of the Year Awards

Performance on the Move! GIGABYTE Introduces New AORUS 17, AORUS 15 Gaming Laptops, and AERO 14 OLED Super-thin Creator Laptops

LyondellBasell and KIRKBI invest in APK to develop recycling technology

Starburst Introduces New Platform Features that Simplify & Speed Data Consumption For All

New BCG Study Highlights How Organizations Need To Address Spiraling Data Costs And Complexity

Kigen and Skylo work together to bring eSIM and satellite connectivity to expand the potential of 5G IoT

FBS Launches Ultimate Trading Birthday Promo

Noventiq Recognized by Frost & Sullivan for Supporting Unified Communications & Collaboration, Digital Transformation, and Hybrid Work with a Total Voice Solution

Prometric Announces Education Industry Leader Stuart Udell as New CEO

Miral Announces the opening of Yas SeaWorld® Research & Rescue, Yas Island, Abu Dhabi, as the MENA Region's First Dedicated Marine Research and Rescue Center

Armis Scores as a Top Performer in the 2023 Best in KLAS Software & Services Report

Firmenich Appoints New Leadership for Integrated Perfumery & Ingredients Organization

Navisite Announces Inaugural Winners of Steminist Scholarship Program in India Supporting Young Women in STEM

SUSE Introduces an Open and Flexible Infrastructure Platform to Future-Proof Telecom Modernization

3DOM Alliance begins shipping samples of X-SEPA, a revolutionary separator technology

Cashfree Payments launches 'Co-lend': India's first fully automated escrow management solution for co-lending

Altair Announces Future.Industry 2023 Global Flagship Event

THE ELLINIKON, ONE OF THE WORLD'S LARGEST URBAN REGENERATION PROJECTS, BREAKS GROUND ON RIVIERA TOWER, GREECE'S TALLEST BUILDING, AMID ACCELERATING INVESTOR, PARTNER, AND VISITOR MOMENTUM

Marlabs: Leader in the 2022 Zinnov Data and AI Engineering category among small and medium service providers

Gujarat Mineral Development Corporation has the highest number of bids in the Commercial Coal Block Auction under the latest tranche

Chandigarh University to host 1st World Strongman Games in India from 26th February

Bizongo launches ESG scorecard; aims to help one lakh MSMEs turn ESG compliant in the next 24 months

Global Outerwear, Sportswear and Protective Equipment Specialist, VT Garment Improves Productivity by 95%, Plan Accuracy by 92% and Increases its OTDP by 50% with Coats Digital's FastReactPlan

Global fintech Ascenda announces partnership with Axis Bank to power its new Points & Miles Transfer Program

The New India Assurance Co. Ltd certified ISO 27001:2013 compliant on information security

Euroclear group delivers another record year

Winmate Expands Its Rugged Solutions of Tiger Lake Tablets for Field Work

ADIDAS AND LES MILLS ANNOUNCE NEW BRAND PARTNERSHIP TO SHAPE THE FUTURE OF TRAINING

Leading Global Mining Companies Choose Oizom for their Air Quality Monitoring Needs

bauma CONEXPO INDIA 2023: XCMG Excavator Showcases Six Customized New Products, Signs Pre-Sale Orders of Nearly 100 Units of Equipment

D'Art's fresh perspective on user-centric, innovative Retail Interior Designs

IREP Credit Capital simplifies loan collection journey for MSMEs with Credgenics

Konnect Insights onboarded as a partner of choice to boost Zepto's Marketing and CX efforts

Lear Named One of FORTUNE'S 2023 Most Admired Companies

Secretary Hillary Clinton Visits the Desai Foundation Trust's Asani Sanitary Napkin Program & Heroes for Humanity Initiative

Avalanche Andretti Formula E Announces Partnership with NAGASE Group

New SEMI Online Learning Platform Delivers Semiconductor Training to Support Workforce Development for Industry Growth

Saudi Arabia to Launch 2nd Edition of Financial Sector Conference (FSC) March 15-16, 2023 in Riyadh

Urgent request by Alliance Advisors for Bondholders of Bell Groups defaulted Bonds to come forward

Kazakhstan launches new Astana International Forum to address key global challenges

MindsDB Raises $16.5M from Benchmark to put machine learning into more applications

Ataccama Advances Data Observability and Processing with Snowflake Data Cloud for Joint Customers

NFL SIGNS DAZN TO LONG-TERM AGREEMENT TO DELIVER GAME PASS INTERNATIONAL TO FANS AROUND THE WORLD BEGINNING WITH THE 2023 SEASON

Overhaul Acquires SensiGuard to Become Largest In-Transit Supply Chain Cargo Security Provider

Shivalik Bimetal Controls delivers an unrelenting solid show for Q3FY23 & 9MFY23

MatchCraft Launches Support for YouTube Video Ads

AIREON TO PROVIDE ADS-B DATA TO SUPPORT BOEING'S NEXT-GENERATION GLOBAL FLIGHT TRACKING SOLUTION

National Geographic Society and Iridium Collaborate to Support Research and Exploration

Godrej Capital has been certified as a Great Place to Work for the 2nd consecutive year

Multilingualism in the classroom drives benefits beyond learning - Findings from Macmillan Education India Report

Dombey's Novelty is Making the Difference

ATF 2023 Agrees on Strengthening Strategic Steps to Implement ASEAN Tourism Strategies

PXG Breaks into the Golf Ball Market with the Release of PXG® Xtreme™ Golf Balls

Yara India releases its first India Sustainability Report

MSI Virtual Event MSIology: The Leap to Singularity with the Latest RTX 40 Series Laptop Lineup

Cisco to Train 10 Million People with Digital Skills over 10 years, across EMEA

Cisco Doubles Down on Frictionless Security to Protect Hybrid Work and Multi-Cloud Environments

New Cisco Innovation Helps Organizations Meet Sustainability Targets

Cisco Connects and Protects with New Cloud Tools Across Networking, Security and Operations to Provide Greater Visibility and Control Over Networks

Stable Tech N.V. Breaks Their First Milestone, Showers Partners in Chocolate Coins

Colt DCS appoints Gilly Cooper as the company's new Vice President of Human Resources

Apollo Hospitals rolls out Clinical Intelligence Engine (CIE) for doctors across India

Doo Prime Kickstarts 2023 With Traders Fair Thailand

NMIMS Announces Registrations for the 8th Batch of the niche MBA (Law) Program

NMIMS SBM Offers MBA (Part-Time) Program for Working Executives

Increased Consumer Preference for Sustainable Materials Boosting Market Growth

The Global Non-destructive Testing Software Market to Witness Growth with Improved Safety Requirements

South Indian Bank announces the launch of SIB Wealth - a wealth management platform

JOHANNE SIY IS THE WINNER OF ASIA'S BEST FEMALE CHEF AWARD 2023

CTM360 Applauded by Frost & Sullivan for Continuously Innovating and Improving Security Products with Its Enabling Technologies

21st Edition of Late Shri V. V. Bhat Memorial Trophy Competition

A Milestone Moment: SVKM's NMIMS SBM Celebrates Graduation Of MBA Program Students

Algorand Foundation Announces Broad-Reaching Partnerships in India to Grow Web3

777 Travel Technology becomes "GO7" with a mission to give airlines more control and flexibility

Pismo and Drona Pay to boost security in digital payments

Agility: Logistics Execs See 2023 Recession as "Likely" or "Certain"

Celebrate 'Timeless Love' With Exquisite Gifts From FNP (Ferns N Petals)

UST Named Top Employer 2023 for 10 Countries and Retains Prestigious Blue Seal Certification for North America and Asia-Pacific from TEI

Tackling India's Water Crisis: Ground-breaking book and standard on Water Governance released

Mother-and-daughter-in-law duo launch innovative, fruit-based skincare brand Organic Kitchen

Locus Launches 'Last-Mile Maturity Assessment' For Enterprises to Level-Up Their Strategies

Cardi B in Messika Paris at 65th Annual Grammy Awards ceremony

Appear Inc to Launch Disruptive Battery Technology, Offering New Levels of Power for Demanding, High Performance Bike Manufacturers

Tackling global warming? Apply for the Keeling Curve Prize by Feb. 10th!

Medanta enhances its urological expertise: Appoints leading surgeon Dr. Gagan Gautam and team to further strengthen its robotic uro-oncology surgery program

AACSB Announces 2023 Class of Influential Leaders

MEIL marks its presence in a big way at the IEW 2023 in Bengaluru

Firmenich Receives Top-Recognition by EDGE for Accelerated Efforts on Diversity, Equity and Inclusion

Acadian Plant Health™ Launches Newly Branded Vision for Immediate Innovative Solutions in Support of Sustainable Global Food Production

A Bridge not too far: The man who has the Last Laugh

Quantiphi Collaborates with Cerevel Therapeutics to Harness the Power of Google Cloud's AI in Clinical Workflow Management

The Operating Revenue of GWM in 2022 Exceeds CNY 137.3 Billion

ICFAI Business School Resuming Physical GD and PI for Admission to the Class of 2023-25

G-P Announces Record-Breaking 2022 Results and $300 Million ARR

LEHS, WISH and ACIL signed a MoU to make primary healthcare services more accessible and affordable through telemedicine for the tea garden communities in Assam

9th International Young Chef Olympiad Comes to a Glittering Close

Namaste, India! Indonesia is Calling All Indian Wanderlusters

TECNO to Launch Flagship Foldable Smartphone with MediaTek Dimensity 9000+ Processor at MWC 2023

Pierre Fabre pursues its commitment against rare diseases in the pediatric, oncology and dermatology fields.

Mobileum Brings Home Juniper Telco Innovation Awards for Fourth Year in a Row

10 Years of Bilateral Relationship Between Maharashtra and Wakayama, Japan marked with MoU Renewal Signing Ceremony

Masdar Opens Office in Azerbaijan to Support Nation's Clean Energy Objectives

BioWorld by Clarivate Rethinks Obesity in New Special Investigation, Finding Fitness May Be More Linked to Health than Weight

With a mission to serve humanity; NID Foundation organized Blood Donation Camp at Varanasi on 646th Guru Ravidas Jayanti

THE 2023 EVENTS OUTLOOK REPORT REVEALS SHIFTS IN EVENT FORMATS, BUDGETS, AND THE NEED FOR BETTER TOOLS

Elevate the Learning Experience at NMIMS Jyoti Dalal School of Liberal Arts - Apply Now for 2023

Quora Announces New Audience Insights on the Automotive Industry in India

Colliers expands Pune leadership, appoints Ruchika Choudaha as Senior Director and Head, Office Services

FlowerAura Launches #LamhePyarKe Valentine's Day Campaign Through a Heart-melting Video

Recycled plastic collected by waste pickers turned into 152 million buttons - catalysing inclusive circularity

SINGLE-USE PLASTIC PRODUCTION STILL ON THE RISE; THREATENS TO PUSH SOCIETY FURTHER FROM NET-ZERO CLIMATE GOALS

360 Scholarships to Accelerate Sustainability Education for Young Women Worldwide

Health Equity Report Card Pilot Project to Help Close the Care Gap Highlighted on World Cancer Day

Celebrate & Rejoice Chinese New Year with the world, Visit Jiangsu in the Year of Rabbit

Shawn "JAY-Z" Carter and Bacardi Redefine the Next Chapter of the D'USSÉ Brand

TCS Named to World's Most Admired Companies List by FORTUNE® Magazine

Quixant launches the QMAX Gaming platform, the Gaming industry's most powerful and feature-rich PC

Budget shines bright for lab grown diamonds

Dombbit launches Self-Recharged Crypto Miner

Mobil launches 50% post-consumer recycled plastic pails in India

Godrej Properties launches phase 2 of plotted development 'Godrej Green Estate', Sonipat

TICKETS NOW ON SALE FOR THE 15TH EDITION OF FORMULA 1 ETIHAD AIRWAYS #ABUDHABIGP

Unilumin Group Attended ISE 2023 with Its Metasight Products and Solutions

Iyuno Makes Strategic Investment in Turkish Dubbing Studio Amid Increased Appetite for Local Language Content

Aptus Value Housing Finance India Limited announces 9 months FY 23 Results

Excellon Software celebrates the grand opening of its new Nagpur office

D'Art subtly defines a store design celebrating the heritage of Paulsons

Zoomlion Delivers Various Series of Products with a Total Value of More Than One Billion Yuan ($148 million) to Global Customers

Adda52.com announces the 3rd edition of Adda52 Champions Leaderboard (ACL)

'NEVER TAKE SHORT CUTS' ADVISE TO THE 400+ GRADUATES OF WHISTLING WOODS INTERNATIONAL AT THE 15TH CONVOCATION

HUBLOT AND TAKASHI MURAKAMI LAUNCH A COLLECTION OF 13 UNIQUE WATCHES AND 13 UNIQUE NFTs

Xinhua Silk Road: CEIS releases report on new energy industry development in China's Changzhou

Doo Wealth Adds A Newly Registered Hong Kong Trust Company

Qurient Co. Ltd. and TB Alliance Announce Exclusive License Agreement for Telacebec (Q203), a New Anti-Tuberculosis Agent

GRYNOW UNVEILS VIDZY, AN INFLUENCER-POWERED VIDEO COMMERCE CONTENT COMPANY

NEW FUND OFFER: Mirae Asset Flexi Cap Fund aims to adjust according to the growth potential

ONE Muthoot launches 'Gold Loan From Home' in five cities

LDRA Celebrates 25th Anniversary of MISRA C: The Pioneer in Safety-Critical Software Guidelines

Bringing the world together -- 53 National Dishes -- with the United World of Young Chefs

NSDC partners with German HR Tech provider, Certif-ID International, to create the international gateway for recruiting technical experts from India

New Report: Top 100 Most Valuable Airline Loyalty Programs 2023

Unilumin Group launched brand-new LAMPRO at ISE 2023

Deepak Nitrite Limited awarded the prestigious 'Excellence in Financial Reporting' Silver Shield by The Institute of Chartered Accountants of India (ICAI)

/C O R R E C T I O N -- Darktrace/

NEW RESEARCH FINDS ORGANIZATIONS NEED TO ADOPT A HOLISTIC APPROACH TO IMPROVE CYBER READINESS

Marc-André Pépin of Invescap Announces Significant Expansion of Clinic Network

Artmarket.com: Assessing the liquidity of artworks with Artprice tools (Part 1 of 2)

YASH Technologies drives future readiness and innovation at scale at Ecobat with SAP solutions

Reliance Retail, Innoviti Technologies, ICICI Bank & Kotak Mahindra Bank partner to enable acceptance of 'Digital Rupee - Retail'

Copan Diagnostics Announces Leadership Change

TAISYS introduces the smallest hardware wallet in the world for Crypto

Another Record High: Hisense TV Shipments Reached No. 1 in December 2022 in the Global Market

LyondellBasell Quickly Advances Towards its 2030 Global Renewable Electricity Target

Asia's leading Animation and Design studio Charuvi Design Labs set to release Animated Films on Gautam Buddha's Life Journey

Dusit Hotels and Resorts all set for Japan and Europe debut - plus more new properties slated to open in key destinations this year

Prime Enters Denmark with 124-Megawatt Data Center Campus That Delivers a Net-Positive Environmental Impact

Corona Sunsets Festival World Tour Makes Sunset the Headline Act

Trina Storage starts strong in 2023, signs over 100MWh Elementa deals in the UK

JalTara -- Art of Living's Vision for a Water-Rich India

CGTN poll: China's economic rebound wins strong global confidence

World's first AI university, Mohamed bin Zayed University of Artificial Intelligence honors inaugural graduates

Maruti Suzuki Devils Circuit Celebrates Xth Year

The Rouen Armada, France. The world's leading tall ship festival returns from 8 to 18 June 2023

SGS Receives CII Food Safety Award 2022 for Outstanding Laboratory Performance - Food Testing Laboratories

Servier full year 2021/22 results confirm the transformation trajectory of the Group

Artha Solutions helped Generali Thailand adapt Talend to Better Mitigate Risk and Stay Compliant

Digital Cooperation Organization (DCO) hosting the 2nd General Assembly in Riyadh

Quest Global Teams with NVIDIA to Build Next-Gen Omniverse Digital Twin Solutions for Manufacturing Industry

Union budget 2023-24 focuses on infrastructure development, green growth; thrust on affordable housing: Colliers and CREDAI-MCHI

Xinhua Silk Road: Sheng Hong Holding Group launches new energy projects in E. China's Zhangjiagang

Accelerating Energy Efficiency Adoption, Deep-tech Startup KrossLinker Develops a Cost-effective Aerogel Insulation

Abracon Welcomes Richard Diaz as Vice President of Global Operations

BMO Completes Acquisition of Bank of the West

ViewSonic's All-in-One LED Displays Elevate the Visual Experience in Diverse Industries from Workplace and School to Hotels and Museums

ADVANCED PLACEMENT PROGRAM RELEASES OFFICIAL AP AFRICAN AMERICAN STUDIES FRAMEWORK

SAUDI ARABIA WINS HOSTING RIGHTS OF THE AFC ASIAN CUP™ 2027

Center for International Private Enterprise (CIPE) Celebrates Its 40th Anniversary

Frost & Sullivan Recognizes Lightbend with the 2022 North American Serverless Computing Company of the Year Award for Offering Serverless Solutions to Build Data-centric Applications that Simplify the Developer Experience

Taos Applauded by Frost & Sullivan for Its Innovative Cloud Advisory and Managed Services, Enhanced Financial Performance, and Growth

MIT Solve Announces 2023 Global Challenges and Indigenous Communities Fellowship

WorkForce Software Awarded 2023 BIG Innovation Award from Business Intelligence Group

AVI SPL XTG Recognized by Frost & Sullivan for Creating Better Employee and Customer Experiences

2023 Total Economic Impact Study demonstrates 495% ROI with Introhive

Ingenico and Splitit partner to bring white-label, buy now, pay later (BNPL) to physical checkout with just one touch

Spielwarenmesse honours six innovative new products with ToyAward

Harbour City Shopping Mall Hosts "Cracking Art" Eco-public Art Exhibition in Hong Kong for The First Time

Tredence Named a Leader in Analytics Services by ISG

ffreedom App: Empowering 1 Crore Indians with Livelihood Education

DLF Malls launches 'My Kind of India' song on Republic Day to celebrate the spirit of new India

OANDA Scoops Top Industry Awards: TradingView's 'Most Popular Broker' Award and 'Best in Class' Honours with ForexBrokers.com

IBM and NASA Collaborate to Research Impact of Climate Change with AI

Web Werks - Iron Mountain JV launches its First Greenfield Data Center in Mumbai

Arçelik lands breakthrough spot on Bloomberg's Gender Equality Index 2023

Supply Chain Visibility to Ensure Humanitarian Assistance for All in Need

Innodisk's InnoEx Virtual I/O Expansion Module Drives Efficient Implementation of AI Applications

Tau concludes €9m series-B round to scale up production for e-mobility

Inkspell Media is set to organize the 7th Annual Edition of Drivers of Digital Awards 2022 in April 2023

Paul Merchants Partners with Care Health Insurance

SBICAPS opens new office in Bengaluru, to focus on infrastructure, defence and start-ups

Mr. Amit Ajwani- The Visionary Behind Nomad Pizza's Feverish Rise

Parascript's Intelligent Document Processing solution, FormXtra.AI 8.4, introduces significant improvements when automating the extraction of complex data.

Vesta Taps Shimon Steinmetz as Chief Financial Officer

Hansen Technologies Earns the Frost & Sullivan Best Practices Award for Global Customer Care and Engagement in Energy and Utilities Industry

The New Iridium GO! exec Redefines Personal Off-the-Grid Connectivity

D'Art traces the legacy of its retail design agency in the global markets

LinkedIn for Nonprofits Launches Free LinkedIn Resource Hub for Nonprofits

STL divests its Telecom Products Software business, as a part of its portfolio realignment

Cybertrust Japan Integrates Quantum-Computing-Hardened Private Keys from Quantinuum into New IoT Authentication Platform

Innovation Deficit: Funds for Neglected Diseases like TB are Falling Short

ViewTrade Reports Record Growth in 2022, Anticipates Continued Momentum in 2023

Toshiba TV M550K - Proficiency in Versatility

Cobwebs Applauded by Frost & Sullivan for Enabling Law Enforcement Teams to More Efficiently Identify New Online Threats

Firmenich recognized as one of the world's most dynamic innovators by LexisNexis

Semtech Recognized as 2022 Global Company of the Year Award by Frost & Sullivan for Market Leadership and Enabling Businesses to Optimize Processes and Efficiency

AV-Comparatives Names Anti-Virus Consumer Product of The Year 2022

Nobu Hospitality Announces Nobu Hotel, Restaurant, and Residences Al Marjan Island Underscoring Its Regional Presence

Airbus Commercial Selects Altair SimSolid in ZEROe Sustainable Aircraft Initiative

Leading Cloud Kitchen start-up Bigspoon and Mouni Roy collaborate to launch a premium pizza brand, The Pizza People

TECNO Confirmed to Join MWC 2023 and Launch A New PHANTOM Flagship Device

Crave InfoTech unveils SAP BTP-powered cMaintenance to usher in Industry 4.0 in Manufacturing

The UAE and France agree to form bilateral partnership to focus on the decarbonization of hard-to-abate (HTA) industries

Sharp Decline in Credit Gap During Modi Government

SecPod introduces the 'SanerNow Continuous Posture Anomaly Management (CPAM)' product, a revolutionary new invention for managing IT attack surfaces

The pioneers of Account-Based Marketing (ABM) release new book to help executives drive market-beating growth in a volatile world

PM-International donates €1,872,000 to charity sponsoring 5,200 children around the world

Landis+Gyr Holds Capital Markets Day and Announces Mid-Term Financial Year 2025 Targets

"Patently Unreliable": Verra addresses criticism of rainforest offset credits with detailed technical analysis

SABIC's Innovative Solutions Showcased at PlastIndia 2023

toothsi (now makeO) Appoints Ex-Rupeek Techie as CPTO, Purple Quarter Leads the Executive Search

oneZero appoints Julian Gay as Director of Institutional Sales, EMEA

UST Acquires Prodigy Labs, Enhancing its Ability to Drive Digital Transformation in the Financial Sector in Canada

Zurich Insurance leads SERIES B fundraise for global cyber insurtech BOXX Insurance

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Four held for killing a man in Delhi...
Defence Ministry signs contract with L a...
2 Naxals carrying bounty of Rs 10 Lakh, ...
Youth20 Inception Meeting concludes, Uni...
Congress leader VD Satheesan slams LDF g...
Two Ugandan drug peddlers arrested in Go...
More...    
 
 Top Stories
CareerGuide releases names of award... 
Delhi excise policy case: ED arrest... 
Assam's Dr Sambuddha Dhar a key inf... 
Brilliant West Indies settle for dr... 
Weak global cues drag Sensex, Nifty... 
BSF spots Pakistan drone in Punjab'... 
Glamorgan all-rounder James Harris ... 
CPI demands White Paper on State fi...