Indian Car Market

Govt finalises rules for used car market, aims to resolve host of issues

Move to curb rise of fraudulent intermediaries, address disputes over third party damage liabilities

Maruti Suzuki expects sales of vehicles with auto gear to rise in 2023

With increasing congestion across cities in India, Maruti Suzuki India expects sales of its vehicles with auto gear shift to pick up further next year, according to company Senior Executive Officer, Marketing & Sales Shashank Srivastava. The company had introduced the auto gear shift (AGS) technology that relieves drivers from manually changing gears using the clutch, for the first time in 2013-14 on its hatchback Celerio. It has cumulatively sold 7.74 lakh units of such vehicles across its portfolio so far. "After we introduced AGS, slowly we have expanded it in so many of our models. We do believe that with increased congestion, especially in urban areas, AGS is a further addition to the ease of driving. So we believe technology will pick up even further," Srivastava told PTI. The company has nine models -- Celerio, Alto K10, WagonR, Dzire, Ignis, Swift, Brezza, S-Presso and Baleno -- which come with the AGS option. In terms of AGS penetration, he said, "It varies between 12 per

Luxury cars: India's wealthy splurging on personalising wheels of fortune

The minimum waiting period for owning a prized set of wheels has stretched to 18 months, and buyers are loosening their purse strings further to get these rides customised to reflect their personality

Pre-owned segment likely to narrow value gap with new cars by FY27: Study

Shift to UVs from sedans, vans, and small cars to drive the trend

Brokerages see margin expansion at auto firms as outlook turns positive

Higher volumes and softer raw materials to drive expansion

Expect record deliveries of cars, two-wheelers on Dhanteras: FADA

Rebounding after two pandemic-hit years, automobile dealers expect a bumper sale of two- and four-wheelers during the auspicious Dhanteras this year. Dealers expect a rush for automobiles across categories. Federation of Automobile Dealers Association (FADA) President Manish Raj Singhania said dealers are sitting on a record number of bookings this festive season and most customers are insisting on deliveries on Dhanteras. Dhanteras, also known as Dhanatrayodashi, is celebrated each year as the first day to mark the beginning of Diwali. On this day, Hindus, Jains and Sikhs buy brass, silver and gold objects as it is regarded as one of the most auspicious and ideal days to purchase expensive items. This year, Dhanteras is being celebrated on October 22 and 23. Auto dealers are expecting bumper sales in all segments, including passenger and commercial vehicles and two-wheelers. "We expect record retail sales of passenger vehicles on Dhanteras. Even two-wheeler sales are expected to .

Nissan lines up three SUVs for India entry; X-Trail launch confirmed

Juke, which was also showcased on Tuesday, is currently being evaluated for the Indian market

BYD eyes leadership position in Indian electric passenger vehicle market

Chinese electric carmaker BYD is eyeing a leadership position in the Indian electric passenger vehicle market as it looks to garner a market share of 40 per cent in the segment by 2030, a senior company official said on Tuesday. The company, which launched its second product, an electric sports utility vehicle 'ATTO 3' for the Indian market, is banking on its globally acclaimed prowess in new energy vehicle technology to achieve its goals. Currently, homegrown automaker Tata Motors leads the electric passenger vehicle segment. Rival Mahindra & Mahindra is also bullish on the segment with plans to roll out multiple models over the next few years. BYD India has commenced the bookings of the ATTO 3 with deliveries expected to begin from January next year. It however did not disclose the price of the model. The automaker, which competes with the likes of Tesla across global markets, already sells a multi purpose vehicle E6 in the country. With presence in over 70 countries, the ...

Santosh Iyer to lead Mercedes in India as Martin Shwenk moves to Thailand

Youngest and first Indian to be appointed for the top job

McLaren to enter Indian market later this year, partners Infinity Cars

India is largely a low-cost and price-sensitive car market in which luxury models account for just over 1% of total annual sales of about 3 million

French carmaker Citroen debuts in India's mass car market with C3

Priced around Rs 5.7-8.05 lakh, the mini SUV will vie with the Punch, Magnite and Ignis

Indians car buyers lapping up SUVs, high-tech features like never before

The craze for SUVs at present is such that the waiting periods for some of the most popular models are stretching to over two years, and fresh orders are still flowing in

Mercedes-Benz in top gear, sees the highest ever June quarter sales

Deliveries in the first half of 2022 also advanced at a brisk pace, soaring 56 per cent to 7,573 units in the January-June period

Maruti Suzuki launches Brezza 2022; check prices, features, other details

The second-generation Maruti Suzuki Brezza 2022 will be available in manual and automatic transmission options, priced between Rs 7.99 lakh and Rs 13.96 lakh

No slowdown for India's super-rich as super-luxury cars sell like hot cakes

According to a report, the sales of super-luxury cars, priced over Rs 2 crore, are likely to cross pre-pandemic levels in 2022

Kia India reports 18% surge in car sales in the month of April

Kia India on Monday said its sales increased 18 per cent year-on-year to 19,019 units in April. The automaker had dispatched 16,111 units to dealers in April 2021. Seltos remained the top contributor to Kia's overall sales with 7,506 units, while Sonet and Carnival contributed 5,404 and 355 units, respectively. Launched in mid-February, Carens dispatches stood at 5,754 units. "Kia India has sold close to 20,000 units on an average, every month in 2022 and it has been a healthy year for us. The global automotive industry has been facing a tough phase battling supply chain woes since the Covid-19 pandemic started in 2020," Kia India VP and Head of Sales & Marketing Hardeep Singh Brar said in a statement. The company has been receiving an overwhelming demand for its vehicles, and it is optimising production consistently to keep the waiting period in check, he added. "At Kia India, we believe in evolving ourselves consistently, and hence we are bringing the most hi-tech Kia ever made

MG Motor India's retail sales rise 5% to 4,528 units in February

MG Motor India on Tuesday said its retail sales increased 5 per cent year-on-year to 4,528 units in February.

Indian carmakers renew bid to delay tougher fuel efficiency rules: Report

SIAM is expected to meet the transport minister on Tuesday to seek a one-year delay in complying with the rules, due to take effect from next April, said sources

India's largest carmaker Maruti Suzuki reports March sale at 167,014 units

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported total sales of 1,67,014 units in March

Daicel Corporation to invest Rs 230 cr in airbag inflator plant in Chennai

Till now, the company was catering to Indian market from its production site in Thailand and other countries