The phenomenal success of Xcent, Grand and Santa Fe increased volumes creating positive momentum
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 two petrol models of the Logan are priced between Rs 428,000 and Rs 644,000, while its diesel model's price range is Rs 547,000 to Rs 651,000. The range overlaps the pricing of the premium hatchbacks as well as of mid-size cars.
Leading carmaker Hyundai Motor India Ltd on Monday announced plans to roll out a CNG version of its bread-and-butter hatchback Santro by this year-end or early 2008.
Hyundai Motor India Ltd on Friday increased prices of all its car models in range of Rs 362 to Rs 2,816 on account of the increased cess announced in this year's budget.
Boosted by Maruti Udyog Limited and Hyundai Motor India's sales of compact models, the domestic market posted 24 per cent growth in car sales to 1,04,488 units last month compared with 84,235 units in January 2006.
Bouyed by higher sales in the festive season, domestic passenger car and motorcycle sales witnessed a healthy growth in November, going up by 21.16% and 27.08%
Tata Motors plans to set up separate sales network for its electric passenger vehicles in current fiscal year as it looks to give differentiated experience to the buyers opting for the environment-friendly models, according to a top company official. The Mumbai-based auto major, which on Thursday introduced all-new versions of its Nexon EV and Nexon (internal combustion engine), said it will start experimenting with new outlets in some of the cities where EV volumes have gone up. "We'll have to separate them (sales outlets for EVs and ICE) given that we have different requirements of customers and also a growing portfolio (of EVs)" Tata Motors Passenger Vehicles managing director Shailesh Chandra told PTI in an interaction.
Higher exports will also drive up volumes, as the company seeks to avail of the benefits under the government's recently announced production linked incentive scheme.
India's second-biggest carmaker Hyundai Motor India on Friday said it would increase prices by almost 3 per cent this month.
Leading automakers Maruti Suzuki India, Hyundai Motor, Kia Motors and Tata Motors reported sales growth in the domestic market in November, aided by robust offtakes amid the festival season. While Maruti Suzuki India reported marginal growth, Hyundai logged in its highest ever monthly sales in November. Others like Honda Cars India, Toyota Kirloskar Motor, Mahindra & Mahindra and MG Motor India also reported sales growth in November as compared with the same month last year.
While sales of Maruti's compact segment grew, its mini segment witnessed a slump
Maruti sold 191 units of SX4 sedan in January 2014.
Although it has not announced the price bookings, sources say it could be in thousands.
"The retail prices have been raised in the range of Rs 7,000-12,000 across all the four variants," the company said.
Maruti Suzuki is offering cash discounts ranging from Rs 5,000 on its hatchback Celerio to Rs 35,000 on entry level Alto800.
Having signed up teen tennis sensation Sania Mirza as brand ambassador for its Getz model, Hyundai Motor India on Monday
Passenger vehicle majors like Hyundai, Tata Motors, M&M, Toyota Kirloskar and Honda on Wednesday reported growth in domestic sales in August riding on festive sentiments, although market leader Maruti Suzuki posted a decline amid a semiconductor shortage affecting the industry. The country's largest carmaker Maruti Suzuki India Ltd (MSIL) reported domestic sales at 110,080 units, as compared to 116,704 units in the same month last year, down 6 per cent. "Sales volume of the company in August 2021 was affected due to electronic components shortage.
Passenger vehicle dispatches from factories to dealers in India fell 8 per cent in January, mainly due to semiconductor shortage, auto industry body SIAM said on Friday. The total passenger vehicle wholesales dropped to 254,287 units in January 2022 as compared to 276,554 units in the same month of last year. Last month, passenger car dispatches stood at 126,693 units as compared to 153,244 units in the year-ago period. Similarly, van dispatches declined to 10,632 units in the period under review from 11,816 units in January 2021.
Bengaluru outpaced Mumbai, Delhi, and Pune in 2023 to become India's leading city for electric car registrations. The city's tech-savvy workforce, increased acceptability, zero road tax, subsidised electricity for EV charging, and a wide charging station network contributed to this surge. Electric car registrations in Karnataka's capital surged more than threefold in 2023 to 8,690 units, overtaking the growth witnessed in the other three cities, according to data from Jato Dynamics
The compact segment where Sonet will be launched is crowded with the Maruti Vitara and Brezza, which top the sales' list, and a bevy of models from Mahindra & Mahindra apart from Hyundai's offering. But volumes in this are slightly higher than those in the mid-segment, making it attractive, says Surajeet Das Gupta.
Auto Expo 2023 may not trigger a fresh rally in automobile stocks, say analysts, as this year's edition lacks participation from major listed players. It is also owing to the focus on electric vehicles (EVs), a segment where four-wheelers have minuscule market share. "In the passenger vehicles (PV) segment, Maruti Suzuki India and Tata Motors are the only listed players.
The muted expectation of dealers come at a time when vehicle manufacturers such as Maruti Suzuki, Hyundai Motor, Mahindra & Mahindra and others reported a double-digit fall in wholesale dispatches to dealerships in July and August.
New Hyundai Verna 2017 is powered with a choice of 1.6 L petrol engine (Dual VTVT, 121.3 bhp) and 1.6 L diesel engine (U2 CRDi VGT, 126.2 bhp).
Hyundai Motor India on Wednesday increased the prices of its mid sized sedan Accent by up to Rs 9,000 and the premium hatchback Getz by up to Rs 7,000 across variants with immediate effect.
If you are planning to buy an electric car in the near future, it would be highly advisable to wait for these upcoming electric SUVs.
'Some of the launches may get deferred due to the semiconductor shortage, which is unlikely to get resolved before the second half of 2022.'
The MG ZS EV, to be unveiled next month, will go head to head with Hyundai Kona, launched in July this year as the country's first fully electric SUV.
According to the latest data from SIAM, in the top 10 best passenger vehicles, Maruti's Alto retained the top position last month
The Indian made Polo has a competitive price and suits the demands of many markets in South East Asia and Africa.
Indian automakers dispatched nearly 2.92 lakh passenger vehicles, the highest ever for February so far, driven by strong demand for cars and utility vehicles, industry body SIAM said on Friday. The total passenger vehicle dispatches from companies to dealers last month increased 11 per cent to 2,91,928 units from 2,62,984 units in February 2022. Passenger car sales rose to 1,42,201 units in February against 1,33,572 units in the year-ago period.
Carmakers usually come up with such year-end announcements.
Maruti Suzuki India said its domestic sales rose 10.6 per cent in May.
Five years after entering India, VW has captured just 2.1 per cent of the market because its cars are seen as relatively expensive and it lacks a diverse mass-market product range.
The list clearly shows the dominance of Maruti and Hyundai in the Indian passenger vehicle market.
After years of giving free passes to counterparts from Korea, Japan, US in the Indian auto market, Chinese automakers had planned a major push to grab the fifth largest car market in the world. But the shutdown of factories and logistics hubs in the country following the outbreak of coronavirus is slowly constricting the business of Chinese auto majors which have recently entered India.
