Top carmakers led by Maruti Suzuki, Mahindra & Mahindra, Tata Motors Passenger Vehicles and Kia India on Saturday reported record sales in the domestic market riding on festive demand boosted by GST rate cut. Other manufacturers such as Skoda Auto India and Toyota Kirloskar Motor also posted impressive growth in sales in October.
The SUV leaves a good impression thanks to its athletic built.
Hyundai Motor India expects SUV sales to account for 65 per cent of its overall volumes in 2024, while it gears up to enter the EV segment early next year, aiming to garner 20 per cent of its total sales by 2030, its COO Tarun Garg said on Tuesday. The automaker, which got around 60 per cent of its overall volumes from sports utility vehicle (SUV) sales last year, plans to invest Rs 7,000 crore on its second plant at Talegaon, according to Maharashtra Deputy Chief Minister Devendra Fadnavis. The company officials however declined to comment on the matter.
The previous May peak was observed in 2018 when the domestic PV wholesales stood at 301,238 units.
'The Indian govt's initiatives on EVs are very strong and customers want to buy EVs. This will make the country's conversion to EVs faster than other markets, and I hope even faster than the US'
Maruti Suzuki India continued its grip in the passenger vehicles market in India with five of its models in the top ten best selling models in June.
The list clearly shows the dominance of Maruti and Hyundai in the Indian passenger vehicle market.
Tucson is slated to be launched later this year
The SUV will herald a new chapter in Hyundai's success story.
Lineup includes a family compact car, hybrid, SUV and others.
Young buyers willing to frequently replace older models with newer ones are boosting bookings and sales.
After a spectacular show in 2016, Kwid's sales have contracted by 20 per cent during the April-December period of FY18 to 65,572 units.
New Creta, petrol Vitarra Brezza.. A quick look at what went down at Auto Expo Day 2.
Sales of commercial vehicles were up 11.45 per cent to 56,840 units in December 2015.
Car sales are likely to grow further in November.
Car sales in India surged by 12.87 per cent in December.
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