Automakers across the spectrum are rolling out cars to cater to every segment starting from a subcompact Sports Utility Vehicle (SUV) at Rs 6 lakh to a high-end sedan priced at Rs 55 lakh.
Earlier this year, Skoda Auto Chairman of the Board of Management Klaus Zellmer stated that the company is looking to collaborate with an Indian partner in order to grow its presence in the country.
With focus in Tier-II and Tier-III locations, Skoda plans to enhance the overall sales and service infrastructure to around 350 touchpoints by the middle of the next year from 260 such outlets currently
The auto major had dispatched 70,576 units to dealers in November 2023.
The company introduced the first service of its kind in Asia.
The group, through its joint venture company JSW MG Motor India, entered the electric vehicle space earlier this year and currently relies on the Chinese company for technology.
As per industry watchers, two-wheeler sales are usually weak in November as the festive season concludes by then
The company said that the MG Cyberster offers lightning-fast acceleration and precise handling—an unmatched experience for those who crave power and control
Industry players reckon that the yearly growth in the domestic PV market was largely on the back of wedding season demand, continued rural traction and strong offtake of SUVs
Total domestic sales were up 1 per cent at 73,246 units last month as against 72,647 units in November 2023, Tata Motors said in a statement.
The automaker had dispatched 65,801 units to its dealers in November last year, the automaker said in a statement
Total two-wheeler sales were up 12 per cent at 3,92,473 units last month as against 3,52,103 units in November 2023, the company said in a statement.
The automaker had sold 17,818 units in November last year.
However, it is impacting business of Pierer Mobility AG/KTM AG that is run out of Austria, including exports from Austria, India and China to its key markets in the US and Europe.
The company's electric crossover utility vehicle Windsor continues with its strong performance for the second month in a row with 3,144 wholesale units, JSW MG Motor India said in a statement.
The price correction is driven by rising overall input costs and inflation pressures, the company said.
The group is understood to have been slapped a show cause by authorities for alleged customs duty fraud to the tune of around Rs 11,000 crore
Auto analysts believe Mahindra’s new e-SUVs could offer competitive pricing, potentially narrowing the gap between the two automakers. However, views remain divided on whether Mahindra can achieve the necessary volumes to threaten Tata Motors’ market leadership.
Different shipment consignments were used to evade detection and "willfully evade payment" of higher taxes, the Indian investigation found
India’s EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the U.S. automaker backed off from those plans earlier this year.
Tata Motors is leading the EV race, but with M&M upping its game and Maruti revving up efforts, the competition is turbocharged, says Nirav Karkera of Fisdom Research.
Mahindra has denied a news report that claimed eight car companies could face penalties over 'higher than mandated' fleet emission levels for FY23.
The German carmaker, which on Thursday introduced a new version of its flagship SUV Q7, expects its sales to grow by 8-10 percent next calendar year, recovering from supply chain challenges it faced in the first two quarters of this calendar year.
Centre has found out that eight carmakers including Hyundai, Kia, Mahindra, and Honda have higher than mandated fleet emission levels in FY23, which could result in penalties of around Rs 7,300 crore, as per The Indian Express.
Bookings for the latest electric scooters will begin from January 1, and deliveries will start from February, HMSI said. The price of the electric scooters have not been revealed yet.
Both products are part of the all-new Born Electric range, and based on the 'INGLO' Architecture. Mahindra said the new platform creates better interior space and has a flat floor for passengers.
Deliveries of the Ola Gig and Ola S1 Z series will begin starting April 2025, and May 2025, respectively
To date, the automaker has exported one lakh units of CKD vehicles since it began shipments in June 2020 from its manufacturing facility at Anantapur in Andhra Pradesh.
While the company’s franchisee partners started retailing the electric variants of Punch, Tiago, Tigor and Nexon at its EV outlets, it recently accommodated Currv EV (also available in the ICE version) since November
While Pune leads in CNG sales (35,144 units), Delhi is second with 31,529 units, followed by Mumbai at 24,056 units (January-September ‘24).
The two electric brands - XEV and BE - are debuting their flagship products, next week. Mahindra has in the past stated the objective of making India a hub of EV manufacturing.
The company's range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series Long Wheelbase, X1, X3, X5, X7 and M340i.
Two electric brands - XEV and BE - will be based on this INGLO architecture, set to be unveiled on November 26 in Chennai.
The Pawan Munjal-led firm had earlier said that it is looking to sharpen its focus on ICE and e-scooters, and also widen its portfolio in the premium motorcycles space.
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The US company is the latest automaker after Nissan, Stellantis and GM to cut costs as the industry struggles with growing competition from Chinese rivals in Europe, waning demand in China, and the challenges of shifting to EVs that remain too expensive for most consumers to buy.
While no carmaker has officially announced any price cuts, a FADA source said buyers can expect 20-30 percent discount on ex-showroom price of most models until December 31
Vingroup also said it will convert all existing loans of about $3.3 billion to VinFast Vietnam into dividend-entitled preferred shares, a move that will help address the "short-term financial pressure" on the EV maker.
This would be for the second consecutive year that the estimated revenue growth for the tyre manufacturer will be in single digit (albeit nearly double than that of last fiscal) and after logging a compound annual growth rate of 21 per cent between fiscals 2021 and 2023, Crisil Ratings said.
As per FADA data, festive demand helped PV retail sales rise 32 per cent year-on-year (YoY) to 4,83,159 units in October.
Most of the layoffs will affect staff in North America, said the people, who asked to not be identified because they weren’t authorized to speak publicly
Per data provided by SIAM, the sales of small cars declined 15.5 percent to 66,000 units between April-September 2024.
Price protection valid until December 31st for all the existing and future bookings of cars that are currently not in stock, the company said
'We could have fully met or even exceeded our targets of 45 lakh units if not for the unseasonal heavy rains in South India,' says FADA
FADA said it anticipates passenger vehicle inventory to reduce further from October levels, and has asked OEMs to liquidate 2024 stock further, so dealers can enter 2025 with the "ideal FADA-recommended 21 days of inventory".
As per a Government Resolution (GR) issued on Tuesday, these old vehicles will have to be scrapped only through registered vehicle scrapping facilities before January 31, 2025.
Seemingly referring to Hyundai, the minister said the auto industry is sitting on high margins and should look at more competitive pricing
The Pawan Munjal-led company registered an 11 percent year-on-year increase in revenue at Rs 10,463 crore
Goyal also highlighted government incentives like EV Policy and PM e-Bus Seva Yojana, which underscore India’s commitment to sustainability and move towards carbon neutrality
The vehicle scored 31.09/32 in adult occupant protection (AOP) and 45/49 in child occupant protection (COP), setting a new benchmark in safety.