Maruti Suzuki, Hyundai Motor and Honda Cars increased volumes in 2014, helped by growing penetration in smaller cities and towns and new launches.
Country’s largest selling passenger vehicle maker Maruti Suzuki India (MSIL) continued its dominance by capturing first four slots among top 10 selling passenger vehicles in December in India.
Toyota Kirloskar Motor (TKM) will launch new premium 10-seater traveller Hiace in June in India. The company will target five-star hotels and premium schools as primary customer of the commuter vehicle.
A year ago, investors were panning Apollo Tyres’ $2.5 billion bid to buy Cooper Tire as reckless. The deal failed. But the Apollo Tyres stock has almost tripled in the past year. Nabeel Ahmed Khan finds out how the tide turned for the Kanwars
The plant will operate under Samvardhana Motherson Reflect, which is one of the largest manufacturers of external rearview mirrors for passenger cars in the world.
“We hope that decreasing, inflation, fuel price and a lower interest rate will make up for the increase in the excise duty,” said Ramesh Sur.
Utility vehicle exports from India have grown 125% in the full year 2014 at 72,603 units against 32,245 units in the same period previous year. However, utility vehicle between January and December '14 had gone up by 2.07% at 546,953 units compared with 535,845 units in the same period previous year, a report by Society of Indian Automobiles Manufacturers (SIAM) said
Since September 2008, the outbreak of the credit crisis, the Motherson stock has appreciated eight-fold, trouncing peers.
The year 2014 started with a positive note for the automotive industry with the UPA government announcing excise cut on the automobiles in the interim budget to help increase sales. In the middle of the year, the sweeping win for Narendra Modi-led NDA in the elections created a major euphoria and positivity among the industry leaders.
Jnaneswar Sen, senior vice-president for sales & marketing at Honda Cars India, confirmed the plans to relaunch Jazz, but declined to share details.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon