New Delhi: Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales data only later … Read more
Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales only later this month, industry … Read more
Shares of India’s largest carmaker, Maruti Suzuki rallied 4% to hit a 52-week high at Rs 13,675 in Thursday’s trade on BSE after the firm reported strong Q1 FY24 earnings.Maruti reported a 46.9% year-on-year (YoY) increase in standalone profit for the June quarter, reaching Rs 3,650 crore, surpassing the Street estimate of Rs 3,467 crore. … Read more
Skoda Auto India has shortlisted 10 names for its upcoming compact SUV, set to launch by March 2025. The final name will be announced on August 21, 2024. The model will be based on the brand’s MQB-A0-IN platform and will measure less than four metres in length. “The name of the subcompact SUV should start … Read more
Automakers are increasingly turning to discounts to lure buyers, an indication that the pricing power they enjoyed after the pandemic is eroding. The average incentive in the second quarter of 2024 rose to Rs 31,258 from Rs 24,350 a year earlier, according to data collated by consultancy firm Jato Dynamics. Diesel cars topped the list … Read more
New Delhi: Automobile exports from India rose 15.5 per cent year-on-year in the June quarter with all verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM data. Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compared with 10,32,449 units in the same period of the … Read more
New Delhi: Maruti Suzuki India Chairman RC Bhargava on Tuesday said the reported 100 per cent registration waiver for hybrid vehicles by the Uttar Pradesh government recognises the fact that multiple technologies are required to reduce carbon emissions and oil imports. According to reports, the Uttar Pradesh government has announced a 100 per cent registration … Read more
The country’s largest carmaker Maruti Suzuki Tuesday said it has increased warranty programmes for all its vehicles. The company has enhanced the standard warranty to 3 years or 1,00,000 km (whichever is earlier) from 2 years or 40,000 km. The enhanced standard warranty programme will be applicable on all vehicles delivered from July 9th, 2024, … Read more
Shares of Maruti Suzuki rose 6% to reach a day’s high of Rs 12,736 on the BSE, emerging as the top Nifty gainer on Tuesday. This surge followed reports that the UP government had waived registration taxes on hybrid cars as part of its initiative to promote environmentally friendly vehicles in the state. The move … Read more
Tata Motors Ltd. and Mahindra & Mahindra Ltd. are closing in on Hyundai Motor Co.’s No. 2 position in India, putting pressure on the South Korean automaker just as it prepares for a record $3.5 billion listing of its local unit. While Hyundai has long wrestled with Tata Motors for the second spot, Mahindra — … Read more
