BUSINESS
Geopolitical factors like Red Sea crisis impacting volumes, says Hyundai India MD
Hyundai India sold a total of 1,91,939 units of Passenger Vehicles (PVs) during Q2, out of which export volumes stood at 42,300 units. The automaker had sold a total of 2,09,777 units in the year-ago period
BUSINESS
Maruti Suzuki expects CNG-driven models to get a fillip from increasing gas stations, says official
In order to fulfil its objective of selling six lakh units of cars that are run on clean fuel, the country’s largest carmaker is banking on the CNG-driven variants of new-generation Swift hatchback and Dzire sedan
BUSINESS
Maruti Suzuki rolls out all-new Dzire at a starting price of Rs 6.79 lakh
The entry-level sedan will be taking on Tata Tigor, Honda Amaze, Hyundai Aura, and others in the sub four-metre category, and will be sold in four variants namely LXI, VXI, ZXI, and ZXI+
BUSINESS
Tamil Nadu facility to build both Tata Motors and JLR models, to start production by 2032: CFO Balaji
The automaker has earmarked Rs 9,000 crore for the Tamil Nadu unit, which is expected to generate about 5,000 jobs
BUSINESS
Despite XUV 4OO’s low volumes, our Born Electric models are a priority: Rajesh Jejurikar, ED & CEO, M&M Auto
The homegrown automaker is now looking to up its zero-emission game beginning with the unveil two new electric SUVs-the XEV 9e and BE 6e, at the on November 26, 2024. Jejurikar reaffirmed that e-SUVs will account for 27 percent of M&M's total passenger vehicle sales in the next three years.
BUSINESS
Škoda Kylaq, Maruti Suzuki Dzire, Mahindra XEV 9e & BE 6e to fire up car market this month
At least 7-8 launches across various segments beginning at Rs 8 lakh (ex-showroom) and going up to Rs 2.10 crore (including import duty)
BUSINESS
Why sale of cheaper cars is on a downhill drive in India
The emergence of subcompact SUVs has shifted consumer preferences away from traditional hatchbacks primarily because of a heftier price tag for small cars
BUSINESS
PV wholesales stay flat in October at 3.9 lakh units, retails zoom 34% YoY at 4.5 lakh units
Maruti Suzuki, the country's largest automaker, expects robust retail sales in November due to the onset of the marriage season
AUTOMOBILE
E2W sales shoot up to 1.32 lakh units in October, TVS Motor reclaims second spot from Bajaj Auto
During last month, TVS Motor reclaimed the second spot at 28,267 units as the Chennai-based automaker’s MoM sales went up by nearly 55.15 percent from 18,218 units
BUSINESS
Now, discounts fly on coveted SUVs to perk up sales during festive season
SUV models such as Mahindra Thar (3-door version) and XUV 7OO, Kia Seltos, Toyota Hyryder and Fortuner, Maruti Suzuki Grand Vitara and Jimny are seeing discounts up to few lakhs of rupees. Some SUVs such as Creta and Ertiga are bucking the trend.
BUSINESS
Diwali fuels a surge in premium products’ demand across sectors
Consumers are ignoring macroeconomic headwinds to splurge on luxury items across sectors, including clothing, jewellery, automotive and high-end real estate, during this festive season, data shows.
BUSINESS
Sales of sub-Rs 10 lakh cars are contracting due to affordability issues, says Maruti Suzuki chairman R C Bhargava
As per data provided by SIAM, the sales of minicars in the domestic market declined by 15.5 percent to 66,000 units during April-September 2024 period from 78,170 units in the same period last year.
BUSINESS
After a slow Q2, two-wheeler sales on recovery path driven by festive demand, rural sales
Industry players say that the jump in retail sales witnessed in the first 25 days of this festival season is attributed to factors including attractive discounts, tailor-made financing options, new models and rising incomes.
BUSINESS
No plans to wage price wars for EV market share: TVS Motor CEO
Without sharing specifics, Radhakrishnan confirmed that another iQube e-scooter will be launched during this financial year.
BUSINESS
It is zero discount on Creta, Thar, XUV3XO, Innova Hycross and Ertiga
As per S&P Mobility, new model launches have consistently proven to be pivotal in driving showroom traffic. Customers drawn to these new offerings are not discount seekers; rather, they are individuals willing to pay for novelty and exclusivity
BUSINESS
Bajaj’s maiden CNG bike Freedom 125 attracting 100cc to 150cc customers
The dual-fuel bike, which has a supplementary tank for petrol if caught between CNG filling stations, has caught the fancy of the eternally mileage-focused Indian rider
BUSINESS
Mahindra, Škoda VW may team up to build electric SUVs using Volkswagen’s MEB platform
VW and M&M are deepening their EV alliance, building on an earlier agreement to use components from the MEB platform. The expanded partnership will see the companies work closely to develop e-SUVs for India and beyond
AUTOMOBILE
SIAM chief sees threat to auto sector from crude price uncertainties over Middle East crisis
According to the SIAM president, the rising fuel prices has more sensitivity in the commercial vehicle segment than on other segments such as cars, scooters and motorcycles
BUSINESS
PV sales fall 1% in September due to high base effect, shows SIAM data
SIAM president Shailesh Chandra noted that the flat sales of passenger vehicles in the first half of 2024-25 came as a 'slight surprise' for the automobile industry, but it is expecting a rebound in the second half due to the festival season.
BUSINESS
IPO-bound Hyundai India to pump in Rs 32,000 crore, raise capacity to 1.1 million units
The Indian arm of the South Korean carmaker will be making investments towards capacity expansion, product and platform development, new launches, etc.
BUSINESS
GST increase on high-end EVs will impact their growth: Mercedes India head
The German luxury car maker has six EVs comprising the EQA SUV, EQB SUV, EQE SUV, EQS SUV, EQS 580 sedan and Mercedes-Maybach EQS 680 SUV, and is on course to launch the EQG SUV early next year
BUSINESS
No change in new EV policy, despite global carmakers’ tepid response: MHI official
US carmaker Tesla is yet to make any firm commitment on setting up an EV-manufacturing facility in India. Other players such as Mercedes-Benz, BMW, Jaguar Land Rover, etc., which are selling ICEVs in the country, have also not leveraged on the government's revised policy.
BUSINESS
'No business case': BYD puts India assembly line plan on backburner, to continue importing cars from China
BYD also said that it is not ready to apply for benefits in the short term under India's new EV policy announced earlier this year which seeks to attract global manufacturers to the country.
BUSINESS
BYD India rolls out eMax 7 MPV at Rs 26.9 lakh
While the Premium variant is offered with a 55.4 kWh battery pack with a range of 420 km, the Superior trim gets a larger 71.8 kWh unit that offers a range of 530 km per charge as per New European Driving Cycle tests
