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While the festive season and improved rural demand present promising opportunities for growth, ongoing weather uncertainties and high inventory levels may temper the overall recovery, it stated.
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Volvo Cars said in a statement that by 2030 it now aims for between 90% and 100% of cars sold to be fully electric or plug-in hybrid models, while up to 10% would be so-called mild hybrid models if needed.
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Warren Buffett-backed BYD has become China's largest EV maker after years of breakneck growth at home. Now it is expanding overseas, including in Japan, one of the world's largest auto markets.
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According to FADA president Manish Raj Singhania, while there has been some reduction in factory despatches by a few carmakers, the tentative wholesale figure is turning out to be higher than the actual retail numbers.
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Issues with its new software led to the automaker last year having to push the expected production and delivery start of the car, which was initially expected to reach customers in early 2024.
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The primary objective of the study was to assess and quantify customer experience across sales, after-sales service and product quality in the passenger vehicle category
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Dealership lots are chock-full with unsold vehicles as potential buyers seem to be waiting for the discounts and add-on offers that come during the festive season sales, which has rolled around later this year than in the previous year. For canny buyers, though, the spate of rebates on offer could translate into an early bonanza.
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Maruti Suzuki is taking a state-by-state approach to expand its network of Arena Satellite showrooms, recognising that a one-size-fits-all strategy may not be effective across the country
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Hero MotoCorp would diversify into the new mobility segment of e-three wheelers with this deal.
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Industry observers reckon that the downtick in numbers were largely driven by the preponement of purchases by prospective buyers in July as many of them were expecting the phaseout of Electric Mobility Promotion Scheme 2024
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The Curvv offers multiple powertrain options including the new Hyperion gasoline direct
injection engine, a 1.5L KryoJet diesel engine, and a 1.2L Revotron petrol engine. I
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The company's total dispatches to its dealers stood at 70,350 units in August 2023.
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The two-wheeler major had dispatched 4,88,717 units to dealers in August 2023.
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The company had dispatched 3,45,848 units to its dealers in the same month last year, TVS Motor Company said in a statement.
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The company sold a total of 71,435 units in August 2023, the automaker said in a statement.
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Industry players reckoned that the the YoY sales figures are not comparable as the festive season came in early during August last year
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"This success is a testament to the company's strategic optimisation of the products, making our vehicles most compelling and value-for-money," Kia India Senior Vice President and National Head of Sales & Marketing Hardeep Singh Brar said in a statement.
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Total domestic passenger vehicle wholesales were at 1,43,075 units last month as compared with 1,56,114 units in the year-ago month, a dip of 8 per cent
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Under the partnership, customers can get up to 90 per cent financing on the on-road price of any Toyota vehicle purchased for private use, exempting them from any foreclosure, or part-payment charges, the company said in a statement.
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The company, which on Thursday launched its all-new Vantage model in India priced at Rs 3.99 crore, plans to continue to bring models to the country simultaneously with the global launch.
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The company, which on Friday launched its GranTurismo model with prices starting at Rs 2.72 crore, is also studying the feasibility of introducing its electric vehicle range in India.
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The Italian luxury automotive brand has fixed the price of Modena variant at Rs 2.72 crore, while the Trofeo costs Rs 2.9 crore.
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Popular models like the Toyota Innova Hycross and Maruti Grand Vitara Hybrid are driving a surge in hybrid car sales as consumers seek practical and eco-friendly options.
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The top-end variant of Basalt will cost Rs 13,62,000. Basalt will be available in six variants 1.2 NA YOU,1.2 NA PLUS,1.2 TURBO PLUS,1.2 TURBO AT PLUS,1.2 TURBO MAX,1.2 TURBO AT MAX and it cost Rs 7,99,000,Rs 9,99,000,Rs 11,49,000,Rs 12,79,000,12,28,000,13,62,000 respectively
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Can the latest Maserati super-SUVs explosive mix of performance and charisma help deliver what its rivals cannot?
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TVS Motor Company Senior Vice President - Head Commuter Business Aniruddha Haldar noted that the growth in the two-wheeler industry is also being driven by rising acceptance of scooters in the rural areas.
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Toyota’s global sales and production figures include its Lexus luxury brand.
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Commercial Vehicle and Passenger Vehicle manufacturers have shown a willingness to offer discounts for a limited period of two years and one year respectively, says Centre
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Representatives of Hero Moto, Honda Motor, TVS Motor and Bajaj Auto have reportedly told Minister Gadkari they are ready to start production of flex fuel two-wheelers, and have also sought a lower cost of fuel for such type of vehicles.
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Gadkari chaired a productive session of the (Society of Indian Automobile Manufacturers) SIAM CEO’s delegation meeting at Bharat Mandapam, New Delhi where he addressed critical issues faced by the automobile industry.
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Stricter norms and enforcement will create a market for outdated vehicles, he said. The chairman also outlined Maruti's plans which include a bevy of EVs soon and a new 1-million-unit plant. Bhargava is also very clear that the small car is not dead, and will see a strong revival within a couple of years
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Industry analysts tracking the auto sector said that while it is technically feasible to build a 100cc CNG dual-fuel bike, there might be some teething troubles
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Any setback in demand is not going to change Maruti's strategy for small cars, Chairman RC Bhargava said at the AGM.
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Canada's move comes weeks after both the United States and the European Commission announced plans to impose higher import tariffs on Chinese EVs.
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Rajiv Bajaj said that by end of the upcoming festive season, Bajaj Auto could see its clean energy vehicles portfolio cross the one lakh mark in monthly sales.
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With home, community and public infrastructure, EV charging is becoming even more convenient and accessible.
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Maruti Suzuki India plans to grow its Nexa sales network to 650 outlets this fiscal, with a strong push into Tier II and Tier III cities. The company, which recently opened its 500th Nexa outlet in Bengaluru, aims to add 150 more stores, with around 100 in smaller cities.
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Carraro India IPO comprises solely an offer-for-sale of Rs 1,811.65 crore by the promoter Carraro International S E, a part of the Carraro S.p.A.
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The new Glamour 125 will be available in drum and disc variants and the price will be Rs83,598 for the drum variant of the bike and the disc variant will cost Rs 87,598 (Ex-showroom Delhi).
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Does sheer brand equity help this badge-engineered alternative to the Maruti Suzuki Fronx stand-out?
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The homegrown two-wheeler manufacturer expects the scooter segment to grow further and account for around 40 per cent of its overall two-wheeler sales.
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The new Hyundai Alcazar will come in 9 new striking color options including the new Robust Emerald Matte. With 4 distinct variants – Executive, Prestige, Platinum and Signature
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The second-generation Jupiter by TVS Motor will be pitted against other 110 cc ICE scooters such as Honda Activa and Hero Pleasure Plus
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The company expects the strategic changes to result in a special noncash charge of approximately $400 million due to the write-down of certain manufacturing assets linked to the canceled SUV.
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The Czech carmaker had conducted a naming contest to select the name
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The auto retail body has said that the vehicle stockpile has climbed to 70-75 days now as against the ideal inventory of 30-35 days.
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CEO Niranjan Gupta says that the company's EV range will expand into the mid and affordable segment by the end of this financial year.
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Raamdeo, however, is not writing off the incumbents of the two-wheeler business - Hero Moto and Bajaj Auto, and expects them to become strong players in the EV space at 'some point of time'.
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The middleweight bikemaker is also betting big on Hunter 350, which was launched in August 2022, and is incidentally its most affordable motorcycle (priced at Rs 1.5 lakh)
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Bharat Petroleum Corporation Ltd currently owns about 14 percent of India's oil refining capacity and about a quarter of the fuel retailing network.
