BUSINESS
Porsche India rolls out next-gen Panamera supersport sedan at Rs 1.70 crore
The third generation Panamera competes with the Mercedes-AMG GT63 S e-Performance 4-door Coupe and the upcoming BMW M8 Gran Coupe.
BUSINESS
PV sales in April rise marginally to 338,000 units, SUVs' share surges to 53.5%
The SUV segment continued to contribute a major chunk of volumes at 1,81,044 units, which is 53.5 percent of the total PVs sold in the domestic market in April
BUSINESS
Eyeing top two spots in sub-compact SUV market in 2-3 years with XUV 3XO: M&M's Rajesh Jejurikar
With the XUV 3XO subcompact Sports Utility Vehicle, the homegrown automaker is looking to target customers who aspire to buy an ultra-premium XUV7OO that is priced in the range of 13.99 lakh to Rs 26.99 lakh
BUSINESS
M&M rolls out XUV 3XO subcompact SUV at Rs 7.49 lakh
The XUV 3XO comes in a total of nine variants, and the top-end trim, which is the AX7 L trim, is priced at Rs 15.49 lakh (ex-showroom).
BUSINESS
Bajaj Auto expects to continue solid FY24 performance in current fiscal
The Pune-headquartered company, which posted an impressive 35 percent jump in net profit in the March quarter, is betting its CNG-driven bike, the world's first, will attract fuel-conscious customers
BUSINESS
Maruti Suzuki earmarks Rs 10,000 crore capex for FY 2024-25
The carmaker, which had earmarked around Rs 6,800 crore in FY24, currently produces 2.35 million units per annum split across its manufacturing plants at Gurgaon and Manesar in Haryana and Hansalpur in Gujarat
BUSINESS
High-margin UV sales power Maruti Suzuki’s FY24 topline & bottomline
During the April 2023 to March 2024 period, the share of UVs in the Maruti’s overall sales went up from 22.25 percent at 3,66,129 units to 36.5 percent 642,296 units.
BUSINESS
Chetak EV records highest quarterly volumes, helps Bajaj secure 3rd spot in electric two wheeler segment
According to the Vahan portal, the company sold 40,672 units of Chetak in Q4 FY 2024, which is nearly seven times what it sold during the same period last year at 6,058 units in January-March 2023.
BUSINESS
Bajaj Auto gains toehold in middleweight segment with 400cc Triumph Speed, Scrambler
Triumph's volumes stepped up further in Q4 FY24 with nearly 18,800 units delivered in the quarter, with approximately 70 percent of this going to seed products in overseas markets, Bajaj Auto said.
BUSINESS
Mercedes-Benz is betting big on SUVs in India. Here’s why
The German luxury carmaker expects the GLC to become its top-selling SUV model followed by models like the GLA, GLB GLS and GLE.
BUSINESS
Car sales in fast lane with 8.4% growth in FY24, riding on robust growth and chip supply
Despite rising commodity prices and the increase in vehicle costs, factors like improved supply of semiconductor chips and strong economic growth for FY24 resulted in higher vehicle offtake, as per SIAM.
BUSINESS
Carmakers set to launch 50 new petrol, diesel models by June 2025
Priced between Rs 6 lakh and Rs 3 crore, are set to be launched in the coming year, of which 65% are Sports or Multi Utility Vehicles (SUV/MPVs) spanning various price segments.
BUSINESS
PV retail sales in March decline by 6% YoY, but rise 8.45% in FY24: FADA
According to FADA President Harish Raj Singhania, factors such as improved vehicle availability, a compelling model mix and the launch of new models played pivotal roles
BUSINESS
Rural markets embracing midsize and large SUVs: Hyundai India COO
Tarun Garg pointed to the significant contribution from rural markets for Hyundai's SUVs like Exter, Venue, and Creta, noting a gradual shift in rural customers' preferences towards modern and larger SUVs.
BUSINESS
PV sales surge 10% in March at 3.7 lakh units, breach 4.2 million mark in FY24
Car sales are on an uphill drive thanks to improved semiconductor supplies, robust demand for Sports Utility Vehicles (SUVs), healthy economic growth, favourable monsoon, and effective monetary policies
BUSINESS
India to see highest number of new EV model launches in year ahead
Tata Motors leads with the Punch EV in 2024, while Maruti Suzuki, Hyundai, Kia, Renault, Mahindra, Mercedes Benz, and Audi among others gear up with their offerings
BUSINESS
Daimler India unveils updated CV product lines, to roll out 14 offerings this year
The company witnessed 39% growth in its sales in the domestic market at 25,930 units in 2023
BUSINESS
Reviving rural demand for two-wheelers may get boost before elections
As per industry observers, widespread deployment of funds during polling season will lead to larger sums of money in the hands of people especially in the rural market
BUSINESS
Carmakers upbeat as domestic sales poised to reach 4.2 million units in FY24
On a cumulative basis, the PV industry dispatched 3.86 million units of cars, utility vehicles and sedans to dealership outlets between April 2023 and February 2024, which is an 8.6 percent jump from 3.55 million units in the same period last fiscal, as per the industry data
BUSINESS
EV policy likely to attract Tesla, BYD, VinFast and global OEMs, claim industry analysts
Auto industry analysts reckon that the new policy offers immense opportunity for the EV market, and will bring in foreign investment, boost domestic manufacturing, and offer consumers a wider range of electric vehicle options
BUSINESS
Piaggio India shifts focus to Aprilia, considers phasing out Vespa scooters by 2030: Sources
India has set an electric vehicle sales target of 30% by 2030. Still, the country will be home to an overwhelmingly large number of traditional ICE-powered vehicles.
BUSINESS
With chip crisis over, waiting period of our models has come down: HMIL's Tarun Garg
Tarun Garg, chief operating officer of HMIL, added that the country’s largest car exporter is working on alternatives to circumvent the Red sea crisis impact
BUSINESS
PV retail sales rise 12% at 3,30,107 units in February 2024: FADA data
Passenger Vehicles marked the highest ever February sales driven by new product introductions and enhanced vehicle availability, as per the auto retail body
BUSINESS
Skoda’s new compact SUV likely to be priced in range of Rs 8 lakh-14 lakh
The petrol-driven SUV will be a direct competitor to Tata Nexon, Hyundai Venue and Maruti Brezza, sources told Moneycontrol
