Carmakers In India

Kia India expects 40% of sales to accrue from iMT trims amid rising demand

Automaker Kia India aims to garner 40 per cent of its overall sales this year from cars with an intelligent manual transmission (iMT) as demand for automatic vehicles continues to grow in the domestic market, according to a senior company official. The automaker is replacing manual transmission with intelligent manual transmission (iMT) in turbo petrol and diesel trims of Seltos, Carens and Sonet. The entry-level trims of the models, which come with a 1.5-litre petrol engine, would however continue to feature the manual transmission in order to cater to the price-conscious customer. The iMT trims come with a gear shift lever but no clutch thus enhancing ease of driving especially in city conditions. It also gives the buyers an option to shift from automatic to manual mode. In an interaction with PTI, Kia India National Head (Sales and Marketing) Hardeep Singh Brar said the company sold 1.35 lakh units in 2020 and out of that iMT contribution stood at 7 per cent. "Last year we sold

Lexus India looks to expand customer base to de-risk biz; expand sales

Luxury carmaker Lexus is looking to expand its customer base in India, enhance sales infrastructure as part of its strategy to grow sales in the country which is expected to see the premium segment return to pre-Covid levels this year, according to a top company official. The company, which is the luxury car arm of Japanese auto major Toyota, completed six years in India earlier this month and now plans to consolidate its position with a slew of measures to bring in additional volumes and growth. In an interaction with PTI, Lexus India President Naveen Soni said the company intends to increase sales contribution from professionals like doctors, architects, lawyers, pilots and people working in corporates, among others, in order to de-risk the business. Currently, a majority of the company sales in the country comes from people engaged in business activities, he noted. "Business class is the most important class which we serve in general...There can be some impact on exporters and .

Maruti Suzuki total wholesales up 5% in February at 172,321 units

Maruti Suzuki India on Wednesday said its total wholesales increased 5 per cent to 1,72,321 units in February. The country's largest carmaker had dispatched 1,64,056 units to its dealers in February 2022. Domestic wholesales rose 11 per cent to 1,55,114 units as compared with 1,40,035 units in February last year, the automaker said in a regulatory filing. Total exports last month however dropped 28 per cent to 17,207 units from 24,021 units in February 2022.

Nov car sales zoom to record high; Maruti, Hyundai post double-digit growth

Tata Motors saw its despatches jump 55 per cent to 46,425 units during the month

Passenger vehicle makers cheer as sales jump in month-long festival season

Deliveries of market leader Maruti Suzuki India rose to 190,000 units compared to 130,000 units last year

Macro issues not impacting demand: Mercedes India CEO Martin Schwenk

With the launch of the EQB by year-end, Mercedes will have a portfolio of four EVs. It expects a fourth of its sales in India to come from electric in the next five years

Honda Cars eyes comeback with a slew of new SUVs across multiple segments

Firm kick-starts feasibility study on a pure electric model

Top cars to be launched in India this Sept, just ahead of festive season

From Hyundai Motors to Maruti Suzuki and Toyota, all major market players will be ramping up their SUV offerings, giving consumers a variety of options

Ford India offers final severance package for Chennai unit employees

It is on average equivalent to 130 days of gross wages per completed year of service, firm says

Maruti Suzuki aims to win over SUV buyers with enhanced version of Alto

India's biggest carmaker hopes to arrest this trend by targeting young buyers in large cities with its new Alto which is bigger than its predecessor

Want to buy a Mahindra XUV700? Your waiting time might be 22 months

The Mumbai-based $15.8 billion cars-to-factory equipment conglomerate took the wraps off its Scorpio-N late Monday, an automobile it bills as the "Big Daddy of SUVs"

Toyota, Suzuki to deepen ties for production, net-zero commitments in India

Japanese auto majors Toyota and Suzuki on Friday said they will deepen their collaboration in the fields of development and production in India

Tesla puts India entry plan on hold after deadlock on tariffs: Report

Tesla had set itself a deadline of Feb. 1, the day India unveils its budget and announces tax changes, to see if its lobbying brought a result, the sources with knowledge of the company's plan

Failure to provide airbag system should be subject to punitive damages: SC

Failure of a car manufacturer to provide an airbag system should be subject to punitive damages which can have a deterrent effect, the Supreme Court has said.

No easy rides: Why is India becoming a graveyard for world's auto majors?

India is a market for low-priced cars with low running costs. The global majors don't have models that fit the bill; only Maruti and Hyundai have successful entry-level models, writes T N Ninan

Ford leaves India, prompting question about capital intensity and industry

The higher the capital intensity the fewer the number of companies an industry is able to support.

India's top carmaker sees hydrogen as 'interesting alternative'

Demand for lithium for batteries is soaring as governments across the world push automakers to meet stringent targets for cutting carbon emissions

Maruti Suzuki ties up with three firms for production of oxygen generators

The company said that as part of that, it has been able to increase the output levels of oxygen generators by over 10 times.

Maruti Suzuki India to hike prices from Jan 18 to tackle higher costs

The firm will raise prices for some car models due to a rise in some input costs

Maruti Suzuki sales rise 20 per cent to 160,226 units in December

The country's largest carmaker Maruti Suzuki India (MSI) on Friday reported a 20.2 per cent increase in sales to 160,226 units in December