Are you planning to buy a car this festive season? Over the past couple of months, car sales have been on a downward trend. But automakers are banking on some hefty discounts and enticing promotional offers tied to the festive season to finally shift those sales into high gear. The Indian automobile market, once driven … Read more
Car sales in the local market declined for the third straight month despite automakers offering hefty discounts to boost demand. As per industry estimates 355,000-360,000 cars, sedans and utility vehicles were sold in September, which is a decline of about 1-2.5% over 364,000 units sold in the year-ago period. PV sales dropped by 1.8% in … Read more
Maruti Suzuki India on Tuesday reported a 2 per cent year-on-year increase in total sales at 1,84,727 units in September. The company had sold 1,81,343 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle sales were at 1,44,962 units as compared to 1,50,812 units in … Read more
Automakers are hoping for October to bring the demand spike that is typical of the festive period, after a subdued start to the season, with sales during Onam and Ganesh Chaturthi failing to match expectations. And to entice potential buyers who may still be undecided about the timing of the purchase, the companies are offering … Read more
Hyundai Motor India Ltd, the most successful foreign automaker in the country where a few others have failed, has reportedly got nod from the Securities and Exchange Board of India for its initial public offering (IPO), the largest ever in India. Hyundai, India’s second-biggest car maker behind Maruti Suzuki, plans to raise at least $3 … Read more
Consumer fatigue for large sport-utility vehicles (SUVs) seems to be setting in, with sales of premium models priced upwards of Rs 20 lakh such as Hyundai Tucson, Toyota Fortuner and Jeep Meridian falling by 18% in the first five months of this fiscal year. The blazing post-pandemic growth of the Indian car industry in the … Read more
Mumbai: Ahead of the launch of its maiden electric vehicle, a midsize SUV called Concept eVX, in January 2025, Maruti Suzuki India plans to set up close to 25,000 EV charging points, multiple people aware of its plans said. In addition to tapping into its 5,100-plus service centres in 2,300 cities, the country’s leading carmaker … Read more
Mumbai: The Indian car market’s adoption of alternative fuels continues to be driven by CNG-run vehicles. Hybrids, too, are outpacing electric vehicles in the country at a time when the global EV market shows signs of stagnation. Sales of CNG cars grew 46% year on year during January-August followed by hybrids at 19% while electric … Read more
New Delhi/Kolkata: Hefty discounts and promotional offers have helped trigger some uptick in car and consumer electronic sales during the ongoing Ganesh Chaturthi and Onam festivals – which herald the festive season – after sluggish demand so far this year. Maruti Suzuki reported a 10% increase in bookings in Kerala ahead of Onam, while on … Read more
Micro SUVs are gaining traction in India, becoming a bright spot for the domestic car industry battling a sales slowdown this year. The rush for such small SUVs underscores a broader shift towards SUVs from traditional cars in the world’s third-largest automobile market. Sales of small SUVs such as Hyundai Motor India’s Exter and Tata … Read more
