Business Standard

Sunday, December 22, 2024 | 07:17 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

China's appetite for luxury cars is now a boon for eastern European nations

Slovakia and the Czech Republic, which make the most cars in the world per capita, have closed shops to tame second wave of Covid-19. Their factories, however, continue to churn out luxury vehicles

cars stand parked
Premium

Cars stand parked

Radoslav Tomek and Peter Laca | Bloomberg
Chinese appetite for high-end cars is proving a boon for eastern European economies that had earlier fretted about an over-reliance on auto plants.
Slovakia and the Czech Republic, which make the most cars in the world per capita, have closed shops and bars to tame the second wave of Covid-19 infections engulfing Europe. Their factories, however, continue to churn out luxury vehicles including Porsche Cayenne SUVs for Asia and the U.S., as well as an array of lower-cost models from the likes of Peugeot and Skoda for customers closer to home on tighter budgets amid the pandemic.

Jaguar Land Rover Automotive Plc,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in