Auto industry icon RC Bhargava debunked an enduring economic myth at the Maruti Suzuki annual general meeting, underlining how India has shown the world that rapid growth and a democratic political system can coexist. The continuity of the government and industry-friendly policies are giving India high hopes of seeing sustained high growth, the Maruti Suzuki … Read more
Leading automakers including Maruti Suzuki, Hyundai Motor India and Tata Motors Tuesday said they will extend discounts on new vehicle purchases against scrapped vehicles, under the government’s Voluntary Fleet Modernisation Programme (VVMP) scheme. These discounts will be extended for a limited period of one year by passenger vehicle makers, and two years by commercial vehicle … Read more
Sales of strong hybrid vehicles are growing in high double digits, sharply outpacing a sluggish Indian auto market where demand for both fossil-fuel and electric vehicles have slowed this year. To be sure, the growth in strong hybrid vehicle sales is on a small base but the shift in market dynamics underscores growing consumer appetite … Read more
Tata Motors’ Punch has become India’s top-selling car, surpassing Maruti Suzuki’s WagonR with over 1,26,000 units sold between January and July 2024. Punch’s success marks the end of Maruti Suzuki’s long-standing dominance in this segment. However, in July, Punch slipped to the fourth position, with Hyundai Creta taking the lead, according to data from auto … Read more
Skoda has unveiled the name of its forthcoming subcompact SUV for the Indian market, set for a 2025 launch. The vehicle will be called the ‘Kylaq,’ continuing Skoda’s distinctive naming convention for SUVs that start with ‘K’ and end with ‘Q.’ The Kylaq will compete with popular models like the Maruti Suzuki Fronx, Tata Nexon, … Read more
Carmakers and their dealers are battling each other over inventory levels amid slowing demand. The Federation of Automobile Dealers Associations (FADA) says their members are carrying stock equivalent to over two months of sales, that is, 730,000 units. Carmakers argue it’s about half that — 400,000-410,000 units. FADA has written to the Society of Indian … Read more
New Delhi: Car discounts have doubled from August last year and are likely to stay high through the festive season, till end of December, as carmakers and dealers rush to liquidate a huge pile-up of inventory amid slowing sales. From market leader Maruti Suzuki to Hyundai, Tata Motors, Skoda and Honda – they are all … Read more
Mahindra & Mahindra on Thursday said it aims to make Thar range leader in the fast-growing mid-sized sports utility vehicle segment over the next 3-5 years. The company on Wednesday rolled out five-door Thar Roxx and may also introduce new products under the brand over the next few years to cater to different sets of … Read more
In a first, Maruti Suzuki has started preparations for reporting its monthly sales based on vehicle registrations, shifting from the current practice of announcing factory despatches to dealers every month, said people aware of the development. India’s largest carmaker plans to report sales data based on its vehicle registrations on the Ministry of Road Transport … Read more
Sales of passenger vehicles fell for the first time in more than two years in July on a high base worsened by sluggish demand and inventory glut at dealerships. Two-wheelers however grew in double digits, and three wheelers in low single digits, helped by steady recovery in rural demand, on a low base. Passenger vehicles … Read more
