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GST cuts, in line with expectations, should spark festive season sales and bump up volume-driven revenue for auto companies across the board
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Per data provided by SIAM, the sales of small cars declined 15.5 percent to 66,000 units between April-September 2024.
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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.
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Bhargava stated that it is awaiting a government policy framework to promote all green technologies, including strong hybrids, to replace petrol and diesel vehicles and reduce carbon dioxide emissions
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The fourth-gen Swift continues to be underpinned by the ‘Heartect’ platform that also underpins Brezza, Baleno, Fronx, XL6, etc
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The Maruti Suzuki chairman sees hope in the hordes of two-wheeler owners who could become small-car customers as the economy picks up pace
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You can’t put in airbags without a price hike, says Bhargava. He says the company is fully equipped for that regulation and its competitive position would not get impacted. He acknowledged that the demand for smaller cars is stagnant and buyers are increasingly preferring SUVs.
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Volumes in the entry-level car segment are slipping as prices have surged on regulatory requirements around safety and emissions, and higher cost of inputs.
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Its recently launched Tiago EV garnered 10,000 bookings in one day, prompting the company to extend the introductory price
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The highest priced AMT trim accounts for 34% of the bookings, followed by VXi+, VXi at 28% each, LXi 8% and the base version 2%
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The upcoming A-segment car will be based on MSIL’s modular Heartect platform, which also underpins multiple product lines like the S-Presso, Celerio and WagonR, Ertiga and XL6.
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Regulator Irdai has proposed up to 50 per cent increase in insurance premium for cars, motor cycles as well commercial vehicles from April 1.
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The top brass of the auto industry on Tuesday met the government on Goods and Services Tax (GST) and has accepted 28 percent as the rate for small cars, people privy to the development told CNBC-TV18.
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Setting a target of April 1, 2017 for rollout of the Goods and Services Tax, the government today unveiled a detailed roadmap for its implementation and said it is aiming for an optimal rate of taxation though the final decision will be taken by the GST Council.
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In a free-wheeling interview, R C Bhargava, chaiman, Maruti Suzuki shares his views on electric cars, hybrid cars and whether small cars will become passé in India soon.
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Given its image, Maruti has always struggled in the higher-priced sedan segment. With Ciaz consistently clocking more than 5000 units per month since its launch, the company has managed to increase its market share in the large sedan/ MPV segment from 21% in FY14 to 32% in the second half of FY15.
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The firm has been mulling manufacturing four-wheel vehicles for years, exhibiting a prototype 1,000 cc engine car and an electric-car battery at the 2013 Tokyo Motor Show.
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Renault wants to speed up the process of launching small cars in India. With its Bajaj JV still not taking off, Renualt is now shifting its top talent to India to drive its emerging market car plans, reports CNBC-TV18's Swati Khandelwal Jain.
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Sales of small cars raced ahead in March as buyers flocked to more fuel-efficient vehicles, a trend major US automakers expect to persist if gasoline prices continue to rise.
