Prices of various car models -- ranging from entry-level hatchbacks to high-end luxury offerings -- are set to rise as automakers have announced price hikes with effect from January. Carmakers cite an increase in input costs and operational expenses as the main reason to implement price increases from the next month. Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units.
Honda Motorcycle and Scooter India (HMSI), the country's second-largest two-wheeler manufacturer, is planning to launch its first electric vehicle (EV) here by March next year, said CEO & MD Atsushi Ogata on Monday. The company would also enter the low-end motorcycle market in March by launching a 100cc engine bike at a price that will "positively shock" customers, he said while speaking with reporters, after launching the Activa with Honda Smart Key. HMSI's first EV, an electric scooter, will have a fixed battery and the second model will have two swappable batteries, Ogata explained.
India has seen multiple instances of termination of agreements in joint venture contracts, most of which were formed in the early 1980's.
The government cleared 15 foreign direct investment proposals worth Rs 70.1 crore (Rs 701 million) including that of Honda Motor, Teva Pharmaceuticals, Fijitsu, Atlanta Electricals and Marubeni Corporation.
Tata Motors is looking to consolidate its position in the SUV segment as it marks its entry into the highly competitive mid-size space which is currently dominated by South Korean and Japanese carmakers. The Mumbai-based auto major on Monday launched midsize SUV coupe Curvv with petrol and diesel powertrains with a price starting at Rs 9.99 lakh. The company has already unveiled the electric version of the model in August.
Leading carmakers Maruti Suzuki and Hyundai on Thursday reported a dip in wholesales in July as companies reduced vehicle dispatches to dealers amid moderation in demand. Maruti Suzuki India said its total domestic passenger vehicle sales stood at 137,463 units in July against 152,126 units in the year-ago month, down 9.64 per cent.
'We are seeing one of the highest discounts in recent years across companies.' 'October is a crucial month with several festivals coming up.'
Even as India overtakes Japan in automotive sales in 2022, moving to third place for the first time, oddly enough the country's biggest motor show is going to see some big hitters give it a clear miss. Some prominent automotive brands have cited high event costs, negligible returns on investment, poor event management, and unfavourable location as reasons for their reluctance to participate. Major pure-play electric two-wheelers, too, are riding past this year's edition of the Auto Expo.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Friday reported robust sales for February as demand for sports utility vehicles continued to remain strong. Mahindra & Mahindra, Toyota Kirloskar Motor and Honda Cars also witnessed higher vehicle dispatches to dealers last month. February turned out to be the third-best month for sales for the industry ever.
Of the 15 car manufacturing companies in India, eight have a market share of below 2 per cent, raising questions about their long-term future in a competitive market that has already seen Ford Motors and General Motors slam the door on India.
The top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra.
The model, which will compete with the likes of Hyundai Verna, Maruti Suzuki Ciaz and Skoda Rapid, now features smart devices ecosystem including Alexa remote capability and 32 connected features as standard feature across all variants with a five-year free subscription.
The Honda CB Unicorn 160 has a very good engine, offering excellent performance, says Faisal Ali Khan of MotorBeam.com
The new Honda Accord Hybrid combines two worlds to offer a fitting blend of power and fuel efficiency.
Rediff.com's Rajesh Karkera and Hitesh Harisinghani bring you all the exclusive action from Greater Noida.
Leading carmakers Maruti Suzuki and Hyundai witnessed a double-digit drop in sales in October on account of the global semiconductor shortage impacting production. Kia India, Honda Cars and MG Motor also saw a fall in dispatches last month as compared with October 2020. However, companies like Tata Motors, Mahindra, Nissan and Skoda managed to post positive numbers last month despite the supply chain challenges.
MNC auto firms that sold cars below cost, at a loss, thereby paying lower excise duty are prime targets.
According to industry data, for two months, sale of the Zest (7,359 units) were higher than that of Amaze (6,792 units).
The Honda City is an iconic brand for the Japanese carmaker
Media report says unfavourable excise structure, large investments are the main reasons
If you are a stylish commuter and don't mind paying a higher initial price, then the Livo might just be the bike for you, says Tanmay Pangam.
MotorOctane took this fun bike for a spin around a fun place -- Imagica Adventure Park -- to tell you more about it.
The BR-V is a Mobilio-derived crossover from Honda that not just offers the practicality of an SUV but also is a spacious seven-seater, writes Indian automobile website MotorBeam.com
They are recalling a total of about 3.4 million vehicles worldwide as a result of an airbag problem.
While Hyundai Motor India reported a marginal growth, Toyota Kirloskar Motor witnessed a dip in sales last month.
Passenger vehicle sales are expected to experience muted growth in the current financial year.
Hero promoters, the Munjals, have an agreement for sourcing technology and two-wheeler models from Honda till 2014.
In this industry, a company's strategy needs to be adaptable in order to keep up with the pace of change.
'Gujarat is the frontrunner at present.'
'However, Tamil Nadu's robust automobile ecosystem and Telangana's aggressive incentives make them strong contenders.'
This partnership will help us improve our own capability, says Munjal.
It will compete with the Renault Duster and Nissan Terrano and is expected to be priced between Rs 9-12 lakh.
Honda's chief executive on Sunday disputed the low-cost business model championed by India's Tata Motors, saying that bad roads and high petrol prices would keep many emerging market travellers on motorcycles for years to come.
Rising fuel costs and a fast growing middle class makes India a potential market for microcars.
After splitting with Honda, the company is working on developing it own intellectual property.
Global auto companies are investing huge money to build infrastructure in the country despite the slowdown.
Honda Motorcycle and Scooter India (HMSI) Ltd. has finally launched the new 110cc commuter bike Livo at an introductory price of Rs 58,000 (on-road) in the country.
Business Standard Motoring at the Tokyo Motor Show.
The Honda Gold Wing has outstanding presence, a punchy engine and all the necessary features a person could dream of. The ride is exceptionally comfortable and also fun.
The Accord hybrid has a 2-litre petrol engine combined with two electric motors
Honda launches CD 110 Dream motorcycle as it pushes further into getting volumes in India.
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