COMPACT SPORT UTILITY VEHICLE
1/3rd of all passenger vehicles sold are UVs
India’s newfound love for utility vehicles has taken the share of that segment from a mere 13% of total passenger vehicle sales 9 years ago to more than one-third so far this fiscal. In 2010-11, the auto industry rolled out 78 new cars on roads and 36 new UVs. So far in this financial year, 53 new cars have been launched, & an equal number of UVs have been launched.
As India switches to BS-VI, sub Rs 10 lakh petrol cars may gain
Sales of petrol cars could likely grow at the expense of diesel cars after th...
Slowdown fails to halt premium SUVs’ run
The premium SUV market in India has bucked the trend in the overall passenger vehicle sales, growing...
Luxury car sales in 2019 see biggest drop in over a decade
Sales of luxury cars in India declined by about 15% last year — the steepest drop in more than a decade.
Questions for 2020: Electric affordable cars?
Tata Motors is confident that EVs are getting more affordable in India, especially in the fleet segment. It’s a different story in the personal segment for individual buyers. This is because GoI incentivizes commercial fleet-owners with FAME II and GST concessions. Individual buyers are eligible only for a few tax concessions.
Mahindra strengthens its hold over third slot behind Maruti, Hyundai
Mahindra & Mahindra retained its third spot in the Indian passenger vehicle market in the first nine months of 2019-20, and increased its lead over fourth-placed Tata Motors.
MG Motor India sells 3,021 units of Hector in December
"As a new entrant in the Indian market, the robust sales momentum of our first offering, the Hector, has been very encouraging. We are working closely with our global and local suppliers to increase the production of the Hector in 2020 to support the booking backlog," said Rakesh Sidana, director for sales, MG Motor India.
SsangYong to join Mahindra-Ford alliance in product sharing
Both the B (B772) and C segment SUVs (W601), which are under development for the JV company, will be shared by Ssangyong Motor Company. Similarly, products made by Ssangyong may be used by Ford for the global markets. A senior management of Ford may soon be visiting Korea to discuss the execution of this plan, new resports said.
We are not running behind No.1 in volumes; focusing on profitable, sustainable business: Audi India Head Balbir Singh Dhillon
"A lot of opportunities have opened up, thanks to the government’s 2,500 cars import regulation without homologation. It can open up new segments for us. This can also help us in experimenting with products, the E-Tron electric SUV for example", said Balbir Singh Dhillon.
Nissan touches highest-ever monthly exports in December
ET had reported in November that the Franco-Japanese alliance factory Renault Nissan Automotive India was targeting to close the current fiscal with 15% jump in production on the back of strong exports demand for the Nissan Sunny and local demand for the Renault Triber.
Tata Motors hopes to turn the corner in FY21, riding new cars and a low-cost model
In a market where passenger vehicle sales shrank 18% since the fiscal year started in April, Tata Motors' sales fell 25-30%.
Indian luxury car market to be flat in 2020, growth to return in 2021: Audi
German automobile company Audi is cautiously optimistic about the year that will mark the transition to stricter emission norm BS-VI. "In terms of growth estimates for the luxury car market, we estimate it to remain flat in 2020 and we are hopeful of positive growth starting 2021," Audi India Head Balbir Singh Dhillon said.
M&M unit SsangYong on the lookout for a strategic investor
The development comes in the wake of calls from financial institutions to Mahindra to inject more funds into the South Korean firm, given its deteriorating bottom line. SsangYong’s net losses had more than tripled year on year to about $160 million (185.5 billion won) during the first nine months of 2019.
Maruti stock to face pressure on slowing sales, diesel pullback
Maruti Suzuki’s volume fell 24 per cent in the first half of the current fiscal.
M&M, Ford won’t cross-badge cars for India
Pawan Goenka, managing director of Mahindra & Mahindra, told that although the JV partners will bring both businesses closer on product development, sourcing and technology, they will retain independent product DNA without resorting to cross-badging.
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