In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.
The models from Hyundai and Maruti, which might go on sale in October 2018 and February 2019, respectively, are set to revive a segment that had lost sheen to the compact SUV segment, lately
Cumulative sale at India's top six passenger vehicle (PV) makers dropped 0.7 per cent to 267,000 units, from 269,000 a year before.
Despite a rise in input costs, leading car-makers refrain from hiking their price.
The price differential has been upwards of 20%.
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The compact segment makes up for nearly 25 per cent of car sales in India.
Ford said it had also shut its plant, with an annual capacity of 340,000 engines and 200,000 vehicles.
The facelifted Elantra is a loaded with features and will give it tough to rivals.
Vehicle prices have gone up as manufacturers gear up for the transition to stricter emission norm BS-VI from BS-IV beginning April 1.
The industry needs stimuli to help revive consumer demand and conversions.
Demand for passenger vehicles has been driven by new models, especially in the SUV category with the likes of Maruti Vitara Brezza and Hyundai Creta clocking good numbers
Pandemic-hit auto majors are likely to set aside these time-tested strategies for now, and, instead, focus on attractive finance schemes and an enhanced digital experience.
The diesel variant has an average of 24kmpl while the petrol delivers 18.9 kmpl.
Car deliveries during the nine-day period saw sharp year-on-year (double-digit increase for most automobile companies.
The top end BR-V has been priced at Rs 12.90 lakh as opposed to Rs 14.43 lakh for Creta's top variant
Maruti Suzuki posted a marginal increase in January and the likes of Hyundai, Ford and Mahindra & Mahindra reporting a single-digit growth.
Declining motorcycle sales remained a cause of worry.
Auto loan costs remain stubbornly high.
Close on the heels of the Mukesh Ambani-controlled Reliance Retail's possible entry into the second-hand car market, Tata Motors, the country's second largest automobile major, is planning a similar foray.
Ford to launch new compact car Figo Aspire in India
Vehicle sales across categories registered an increase of 5.03 per cent to 16,03,292 units from 15,26,514 units in November 2013.
Market leader Maruti Suzuki is putting finishing touches to its plan of finding its feet in what is being hailed as a battle of epic proportions in India's fastest-growing passenger vehicle segment, reports Arindam Majumder.
Apart from the growing adoption of the internet in the country, brands are drawn to the agility of the medium, its targeted and data driven approach and the increasing cost of offline channels for sales and distribution.
Maurti and Hyundai recorded jump in sales in May.
Tesla Inc, the world's largest electric car producer, is looking to make a significant investment in India, said its chief Elon Musk, who saw India as holding more promise than any other large country around the globe. Musk, after meeting Prime Minister Narendra Modi, said he plans to visit India in 2024. "I am confident that Tesla will be in India and we will do so as soon as humanly possible," Musk told reporters after the meeting.
India is sceptical that Tesla might import into the country cars made in China. Tesla executives were in India last month and appear to have proposed a factory in the country. But do not be surprised if that does not happen in a hurry.
General Motors India Vice President P Balendran termed the decision as a positive move for the overall economy.
Some cars that are emblematic of India's automobile industry will no longer come off the assembly lines after this year.
The revised prices enhances the accessibility of these outstanding products, which offer segment-first safety features and class-leading technologies
Various factors, including robust demand in rural markets and good response to new models, helped in driving the sales.
The first major pricing error was made by market leader Maruti Suzuki when it launched its first crossover the S Cross
The new tax regime has also been fuelling sale of SUVs, particularly the compact SUVs
The state government says Ola was using its existing cab aggregator licence to promote bike taxi services.
With multiple options in the compact sport utility vehicle (SUV) and compact sedan space, the mid-size sedan seems to be losing its charm among customers.
Code-named Pelican, bigger hatchback with new petrol and diesel engines may hit the road next year.
The SUV leaves a good impression thanks to its athletic built.
The edge that Maruti Suzuki enjoys over Hyundai and other rivals stem primarily from its gigantic scale, reports Ajay Modi.
This is the seventh straight month of growth
Lenders have become worried as some dealers were not using the money provided to them for car financing.
Recently, Suzuki Motor Corp (SMC) in an investor presentation expressed strong intent to enter the electric vehicle (EV) space. This is part of a larger strategy the Hamamatsu-based firm has drawn up in developing electrification of technologies as it seeks to achieve carbon neutrality. The significance of this presentation is that it marked the first time that the Japanese carmaker spelt out its EV strategy with well-defined timelines. SMC plans to develop electrification technologies by 2025, fully implement them in products from the same year, and make a full-scale quantitative increase from 2030.
