Mumbai: Car market leader, Maruti Suzuki India has fired its first salvo to revive small car sales. The local arm of the Japanese carmaker has launched limited editions of Alto K10, Celerio and S-Presso models under the “Dream Series” at Rs4.99 lakh. It has also reduced prices of the automatic (auto gear shifts) variants of … Read more
Hyundai Motor’s top three cars sold in rural India during January-April 2024 were all SUVs, nudging out small car Grand i10 from the podium for the first time, reflecting the growing aspiration and purchasing power of rural buyers in India. Its rivals Maruti Suzuki, Tata Motors and Honda, too, are seeing a spike in demand … Read more
India’s fourth-largest auto company, M&M, is shifting into a higher gear and pressing down on accelerator. It plans to fuel its business growth with an ambitious capital infusion plan. It will inject Rs 37,000 crore into its business, across different segments, over the next three years. A bigger part of this money will go into … Read more
Hisashi Takeuchi, MD & CEO, Maruti Suzuki, says: We are also focusing on SUVs and introduced a series of SUVs last year. But this year, we have to revamp this hatchback also because we cannot keep the same model for such a long time.” On launching a premium hatchback in times of SUVsHisashi Takeuchi: This … Read more
New Delhi, Maruti Suzuki India expects a revival of the small car segment in the domestic market by 2026-end or 2027, after suffering from affordability issues and onslaught from SUVs, according to a senior company official. The small car segment, which had once dominated the Indian total passenger vehicles market, accounts for less than 30 … Read more
Sales of cars, sedans and utility vehicles in the local market rose by about 2% last month, on a high base, with manufacturers dispatching around 338,341 vehicles from factories to meet customers demand. Automakers had sold 332,468 passenger vehicles a year ago in April 2023. Car sales had grown by 9.5% to 368,086 units a … Read more
New Delhi: Maruti Suzuki India, the country’s largest carmaker, Friday reported record revenue, profit and vehicle sales for the quarter as well as the financial year ended March, helped by robust demand for higher-margin sport utility vehicles (SUVs). Lower commodity prices and a cost-cutting drive also aided the financials of the carmaker which has popular … Read more
New Delhi: Sports utility vehicles (SUVs) are wildly popular in India, with the segment now accounting for every second car sold. But going by the official definition of an SUV, such vehicles account for only about a 10th of the total sales volume. That’s because just a third of the 47 models with SUV branding … Read more
Small cars may stage a comeback by 2026 as the income of customers at the entry level rises and scooter and motorcycle owners start upgrading, Maruti Suzuki chairman RC Bhargava told ET in an interview. He dismissed the argument that two-wheeler and first-time car buyers have become aspirational and are leapfrogging to mid-sized cars and … Read more
Car sales in the local market in the last financial year grew by nearly 9% to a record 4.23 million units amid improved supplies and sustained customer demand, cementing India’s position as the third largest market for passenger vehicles in the world. Around 370,000 cars, sedans and utility vehicles were sold last month, compared to … Read more
