Sales of passenger vehicles in the local market fell for the second straight month in August, on a high base, and with carmakers curtailing dealer dispatches to rationalise record-high inventory levels. According to data available work industry body Society of Indian Automobile Manufacturers (SIAM), 352,921 cars, sedans and utility vehicles were dispatched from factories to … Read more
Carmakers are offering deeper discounts in a desperate push to entice buyers and clear inventory as sales remain sluggish. Starting this month, the level of discounts has risen to 12-14% of the average selling price (ASP) of a vehicle from 10-12% in August. For some models, total discounts offered are well over ₹3 lakh which … Read more
When Ford Motor Company, leading American multinational automobile manufacturer, exited India in 2021 it said the decision was part of its global restructuring programme but the move raised concerns in some quarters about the country’s business environment and its car market. Many questioned India’s automotive growth story. However, the runaway success of smaller brands such … Read more
Expanding portfolio in country, Maruti Suzuki on Thursday launched S-CNG variant of its popular Swift with fuel-efficiency of 32.85 km/kg# at an ex-showroom price of Rs 8.19 lakh, said company’s press release. With the new launch, the company is expecting to cements its position as India’s most fuel-efficient premium hatchback in its segment. “With the … Read more
Maruti Suzuki is planning to export electric vehicles (EVs) from India to markets in Europe and Japan, reported PTI citing MD and CEO Hisashi Takeuchi on Tuesday. He said that the automaker will have a high-specification EV with a high-range of 500 km and would be powered by a 60 Kilowatt-hour battery. The remarks came … Read more
The country’s largest carmaker Maruti Suzuki, which is readying for launch its first electric vehicle later this fiscal, said it will put in place a holistic ecosystem to address issues over range anxiety, charging infrastructure, resale value of battery-powered cars for its customers. In addition to domestic sales, Maruti Suzuki Managing Director Hisashi Takeuchi said … Read more
Maruti Suzuki India (MSI) is looking at a significant increase in its overseas shipments by 2030, MD and CEO Hisashi Takeuchi said on Tuesday. Speaking at the 64th annual session of industry body SIAM here, he noted that the automaker’s overseas shipments will witness “multiples of growth” in coming years. “There is no reason why … Read more
Festivals are here and so are the auto majors’ big discounts on cars. Tata Motors recently reduced prices on its popular cars and SUVs by up to Rs 2.05 lakh.According to the company, these special festive offers will be available for a limited time, ending on October 31, 2024, across all petrol, diesel, and CNG … Read more
Korean auto major Hyundai Motor is looking at consolidating its presence in the country’s fast-growing SUV segment with the launch of three-row SUV Alcazar. Tarun Garg, Chief Operating Officer (COO), Hyundai Motor India said there is an increase in demand for three-row SUVs with buyers travelling longer distances, and often with families. This has led … Read more
The slowdown in rural demand for automobiles has prompted banks and finance companies to dole out offers for the festive season including lower interest rates, free insurance and longer repayment tenures. Experts said India’s auto industry is saddled with nearly ‘80,000 crore worth of inventory. Tractor sales, which tend to pick up after good crop … Read more
