Wheel of change: Luxury carmakers eye 25-40% sales growth in 2021
Makers of super expensive cars have lined up about 70 launches including all-new models, facelifts and variants this year, almost double the launch number of Covid-hit 2020.
Luxury carmakers line up 70 launches for 2021, expect V-shaped recovery
Luxury carmakers have lined up about 70 launches – including all-new ...
Citroen to bank on SUVs and localised vehicles to emerge as a major player in India
Citroen will commence its product offensive in India with...
Tesla faces bumpier ride breaking into India after China success
Cost is like to be a major stumbling block in India. Modi govt's FAME programs won’t do much to help lower the price for would-be Tesla customers, since the upper limit for an EV to qualify for subsidies is Rs 15 lakh. Teslas will cost more than that and therefore won’t be eligible, according to BNEF analyst Allen Tom Abraham.
Mercedes Benz looks to double India sales over the next three years
Luxury car sales continue to grow even after the festive period, indicating strong structural demand and giving confidence for higher sales projection, said Martin Schwenk, managing director of Mercedes Benz India.
Indian car market may post record 30% growth in 2021 on low base
A laggard among the top 10 global passenger vehicle markets in 2020 after one of the most stringent and prolonged lockdowns in the world to contain Covid-19, India is expected to be among the fastest growing this year, probably only next to the US.
Tata Motors owned JLR car sales take pandemic hit; sales strong in China
For the calendar year 2020, Jaguar Land Rover retail sales were 425,974 vehicles, down 23.6 per cent on 2019, reflecting the industry impact of COVID-19 particularly in the first half of the year when plants were shut down for more than two months.
Want to buy new car? You may have to wait for 10 months
Car buyers have returned to the waiting list owing to a rising demand for an owned mode of transport among people. Besides, interest rates on auto loans are at their lowest in a decade. Buyers are now required to be on a waitlist for anywhere between 1-10 months.
Passenger vehicle sales grew in double-digit numbers in December
Passenger vehicle sales in India grew in strong double digits for the fifth straight month in December, as the market continued to witness pent-up demand and preference for personal mobility solutions amid the coronavirus pandemic.
December Delight for car makers in India, industry set to post record despatches of 2.78 lakh
Dispatches from factories this month are expected to be 2.78 lakh units, the highest on record for any December and a 17-18% increase from a year earlier.
Government proposes mandatory airbag for front passenger on all cars
The ministry modified the standard requirements applicable to M1 category of vehicles to include passenger airbags as a standard fitment via a draft amendment uploaded on its website.
Year-end vehicle retail impacted by farmers’ protests
The downswing in retail vehicle sales, which typically slow for a month starting middle of December as it is considered inauspicious in the Hindu calendar, have been made worse by weak consumer sentiment in the region, vehicle retailers said, without specifying the quantum of the impact.
Honda Cars India stops operations at Greater Noida facility
The company has stopped the production in Greater Noida plant. However, all head office functions, India R&D Centre and spare parts operations (including warehouse) for automobiles, two-wheelers and power products’ business will continue to operate from Greater Noida.
Country’s largest carmaker Maruti Suzuki registers 2.4% dip in sales in November
Sales of mini-cars Alto and S-Presso declined 15.1% 22,339 units in November. Meanwhile, those of compact cars - Swift, Baleno, Ignis, WagonR, Celerio, DZire, Tour S - fell 1.8% to 76,630 units. Wholesale volumes of midsize sedan Ciaz went up 29.1% to 1870 units, albeit on a low base.