Ruural markets contribute a significant chunk of SUV sales and there was a slowdown in demand from semi-urban and rural areas.
The Verna will be placed in the upper end of the segment priced between Rs 6.21 lakh and Rs 6.36 lakh for the petrol variant and Rs 7.35 lakh for the diesel variant.
Model 3 received 180,000 orders worldwide.
Car makers are cautiously optimistic, even as two-wheeler firms are clearly upbeat.
India's second-biggest carmaker Hyundai Motor India on Thursday said it planned a price hike in April this year due to rising input costs.
Schools closed for a day, crops damaged; more downpour on cards
Domestic and foreign companies pour in a slew of investments in Gujarat.
It is the global leader in car sales but in India, is a distant fifth.
Hyundai to launch its new SUV- Creta in second half of 2015 in India.
General Motors India on Wednesday launched two variants of its mid-size car Opel Corsa.\n\n\n\n
The country top automaker, Tata Motors, launched its marquee car brands Jaguar and Land Rover in India on Sunday. It had acquired these brands from US car maker Ford. The company promises that the two brands would give the Indian public an opportunity to experience the 'pleasure of driving superior technology.'
The challenges of transition to stricter emission norm BS-VI from BS-IV and compliance to new safety norms thereby making vehicles costlier are lurking around the sector.
Joint crack team of Maruti, Tata Motors, M&M to develop hybrid cars in India
Toyota has capacity to manufacture 310,000 vehicles at its two plants located near Bengaluru
Auto component makers in India are bracing for a tough time. High absenteeism among workers owing to Covid-19, shortages of critical parts, and temporary closures of plants by automobile manufacturers have thrown a spanner in the works for the Rs 3.2-trillion sector, which derives 60 per cent of its revenues from automobile original equipment manufacturers (OEMs), with the balance split equally between replacement demand and exports. Car market leader Maruti Suzuki India on Saturday said it was extending the maintenance shutdown, which was from May 1 to 9, till May 16, "keeping in view the current pandemic situation". Some activities will continue in the plants.
Hero MotoCorp, Honda Motorcycles, Scooters India, TVS, Honda India, Toyota Kirloskar Motor, Ford, Nissan, Ashok Leyland are all giving the Auto Expo a miss this time.
During September, Maruti said it dispatched 1,375 units of the soon-to-be-launched sedan Ciaz.
Maruti's sales of the compact segment comprising Swift, Estilo, Ritz, Dzire and Baleno went up by 9.9% to 45,579 units
Making a debut in India with an SUV, Citroen's products in the next couple of years will clearly chart and define its destiny in what has become both a vibrant but also a daunting market for foreign entrants, says Pavan Lall.
Various factors, including robust demand in rural markets and good response to new models, helped in driving the sales.
Automobile companies are worried about challenges from electric mobility, automation and connected vehicles.
Hyundai Motor India Ltd (HMIL) on Thursday said it will hike prices by up to Rs 20,000 across models, except the newly launched compact car Grand i10, from October 1 to offset the impact of rupee depreciation and rising input costs.
Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
Market leaders saw good traction for new cars, including the electric ones.
The ICHR, an autonomous body under the ministry of education, has been running a series of lectures and seminars on the theme of the Independence struggle under the 'Azadi ka Amrit Mahotsav' celebration.
"Like Russia and China, JLR would be exploring the Indian market also. A team will be coming to India to study the market," Tata Motors Managing director Ravi Kant told analysts in a conference call. He, however, said the company was not expecting big numbers from the two brands in India.
Led by the country's largest car maker Maruti Suzuki, Ford India, General Motors and Toyota Kirloskar logged overall growth in sales volumes.
The increase in PV sales in September was driven by festive season purchases, with SUV models like Maruti Suzuki's Brezza, Hyundai Creta, Mahindra Scorpio, Ford Ecosport and Honda W-RV witnessing good traction
The 125-km stretch covering Sanand, Hansalpur and Vithalapur, with connected nodes at Kadi and Halol, is set to emerge as the next major automobile hub in India.
Considering how cheap Ford cars are to maintain these days, the EcoSport is definitely recommended for someone who doesn't prefer a Maruti or a Tata for that matter.
Japanese automobile company Mitsubishi Motors may launch a compact car in the B segment in the country. The car is expected to hit the roads in three years. Though Mitsubishi sells Pajero SUV and Lancer sedan in India, they have not generated adequate volumes for the Japanese automobile company. The compact car will take on Maruti Swift, Hyundai Getz, Skoda Fabia, Fiat Palio, Chevrolet U-VA and Ford Fusion
Makers of cars and bikes posted missed results for August amid high inflation rate hike worries.
For players like Toyota Kirloskar and Ford, the contribution of UVs to overall sales is now well over 60%.
Ahead of the international auto show that begins next Wednesday, the Indian auto industry continues to be buffeted with bad news. According to data released by leading automobile companies on Saturday, the industry's sales volumes in January fell about five per cent from those in the same month last year.
Japanese auto major announced top level management changes in its Indian arm with Sandeep Singh, Deputy Managing Director slated to move for a new role in its Asia Pacific operations.
After a string of foreign deals in the last few years, including Tata Motors' purchase of Land Rover and Jaguar brands from Ford for $2.3 billion this year, attempts by Indian companies to acquire assets abroad are increasingly hitting roadblocks. At least, the recent attempts by Indian companies suggest so.
Maruti Suzuki posted a marginal increase in January and the likes of Hyundai, Ford and Mahindra & Mahindra reporting a single-digit growth.
Ford said it had also shut its plant, with an annual capacity of 340,000 engines and 200,000 vehicles.
December is a month of high retail sales for cars, as companies and dealers push stocks to clear inventories
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