New Delhi, Maruti Suzuki India on Wednesday said the Gujarat GST authority has upheld the tax demand of Rs 173.9 crore along with a penalty of Rs 17.4 crore against its arm Suzuki Motor Gujarat Pvt Ltd and the subsidiary company will move the first appellate authority to challenge the order. The country’s largest passenger … Read more
New Delhi: Maruti Suzuki India on Monday reported a 1.28 per cent decline in total sales at 1,37,551 units in December 2023. The company had posted total sales of 1,39,347 units in the same month a year ago. Total domestic sales, comprising passenger vehicles, commercial vehicles and third-party supplies, were at 1,10,667 units last month … Read more
Sales of cars, sedans and utility vehicles ended on a strong note last month helping annual volumes breach the four million mark for the first time in 2023. As per industry estimates about 4.1 million passenger vehicles were sold in the local market in the last calendar year, which is an increase of around 8.2% … Read more
New Delhi: Sales of cars and utility vehicles posted strong growth last month, helping the 2023 volume to top 4 million units a year for the first time. As per industry estimates, about 4.1 million passenger vehicles were sold in the local market in the last calendar year, an increase of around 8.2% compared with … Read more
Sales of sports utility vehicles (SUVs) rose in December, while small car sales fell despite high discounts, data from Indian automakers showed on Monday. While entry-level vehicles remain a millstone around automobile makers’ necks, they have benefited from the sales of premium vehicles, catering to a more well-off demographic largely unaffected by inflation. Maruti Suzuki … Read more
The growth of the automobile industry, which in normal times closely tracks the growth of the GDP, was adversely affected in 2019-20 by the switch to BS6 standards, then by the Covid pandemic and finally by the shortages of semi-conductors. It was in 2022-23 that the industry could finally cross the volume of sales reached … Read more
Mumbai: More than two dozen new car models will be unveiled or go on sale in 2024 as automakers ride on the momentum of the past two years and launch new battery-run vehicles as part of the transition to electric. This will be the highest number of new model introductions in the non-luxury segment in … Read more
Indian carmakers have rolled out more sports utility vehicles than all other types of passenger vehicles combined in the last two years and the trend is likely to continue with many new SUVs proving instant hits. The number of SUV launches hit a new high this calendar year at 108, reaching the three-figure mark for … Read more
New Delhi: German luxury carmaker BMW on Monday said it will increase the prices of its vehicles by up to 2 per cent across the model range from January 1 to partially offset the adverse impacts of fluctuations in foreign exchange rates and rising input costs. BMW India’s decision to implement a price increase across … Read more
New Delhi: Carmakers are offering the best deals seen in the past five years on small cars, sedans and slow-moving SUVs to reduce dealer inventory that has ballooned after the recent festive season. Several dealers and industry executives ET spoke to said discounts on vehicles have increased by 25-50% over the same period last year, … Read more
