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S. Korean auto exports slump in 2016

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7 years ago

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S. Korean auto exports slump in 2016Seoul: Auto exports in South Korea posted a double-digit decline in 2016 amid soft demand for cars globally, labour strikes at key domestic carmakers and expanded production in overseas factories, a government report showed on Tuesday. South Korean automakers exported 2.623 million cars in 2016, down 11.8 per cent from 2015, according to the Ministry of Trade, Industry and Energy, Xinhua news agency reported.

In terms of value, the exports retreated 11.3 per cent to $40.6 billion. Labour strikes among key local automakers, including top carmaker Hyundai Motor, disrupted production, leading to the export fall.  The increased production in overseas factories helped reduce exports by car manufacturers. Global demand for cars weakened in 2016 amid the economic slowdown across the world.

Demand from Africa and the Middle East for South Korean cars tumbled 36.5 per cent and 28.4 per cent, respectively, amid low crude oil prices that hit the oil-exporting countries in the regions. Amid the export reduction, auto production in South Korea stood at 4.229 million units in 2016, down 7.2 per cent from 2015. Car sales in the domestic market inched down 0.4 per cent to 1.825 million units in 2016.

Sales of cars, made by domestic companies, climbed 1.0 per cent on the back of temporary cuts in consumption tax for luxury goods. Imported car sales declined 8.3 per cent over the year to 252,000 units in 2016 as German carmaker Volkswagen’s emissions-fabricating scandal tarnished brand image of foreign automakers.

 

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Apple is giving a huge discount on its gadgets: Details inside

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2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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