MG Motor India has officially revealed its first-ever Crossover Utility Vehicle (CUV), the all-electric Windsor EV, marking a significant addition to its electric vehicle portfolio. The Windsor EV will be priced starting Rs 9.9 lakh. The pricing of Windsor EV would position MG Motor as a big competitor for Tata Motors that has captured over … 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
Hyundai, Kia Motors, Tata and Mahindra are lobbying India’s most populous state not to offer incentives for hybrid cars, saying the move – set to help rivals Toyota and Maruti Suzuki – would hit targets on adopting electric cars and investment plans. Four separate company letters to Uttar Pradesh, seen by Reuters, highlight the rivalry … 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
Car makers are offering discounts on various models, including SUVs, according to reports. Now, the country’s leading car maker, Maruti Suzuki, has joined the bandwagon. Reports claim that Maruti is offering a huge Rs 1.4 lakh discount on one of its top SUVs. Specifically, Maruti is offering a Rs 1.4 lakh discount on the Grand … Read more
Mumbai: Tata Motors, India’s third largest passenger vehicle maker by sales, is looking at a 400-600 basis points jump in market share from the current 14% to 18%-20% by the end of the decade, it said at an investor presentation on Tuesday. The company plans to ride on the launch of completely new nameplates (brands) … Read more
“We have already established that value creation is different from wealth creation. So, in my experience, there are three large components that create terminal value about which the terminal value investor should have differentiated insight on and those three components are intangibles, megatrends and leadership,” says Utpal Sheth, Senior Partner and CEO, RARE Enterprises and … Read more
Auto market expert Hormazd Sorabjee highlights that while Mahindra’s newly launched 3XO has captured customer interest with its features and pricing, the company needs to focus on two factors if they wish to become market leader or beat Tata and Maruti. Hormzad said that the car maker must focus on improving service and reliability to … Read more
Hormazd Sorabjee, Editor, Autocar India, says Nexon is the mainstay of the Tata range. It is their number one seller and Tata Motors will do a lot to guard its stuff. So, I am sure we will see a lot of action in terms of, might even be pricing going forward. The Maruti offering s … Read more
Maruti Suzuki today launched its much awaited new Epic Swift 2024, its fourth-generation avatar in India today at Rs 6.49 lakh (ex-showroom). At the launch event, the company said that the new model of the Swift was designed and developed with an investment of Rs 1,450 crore. The new Swift will also be available at … Read more
