About two dozen car & SUV models and two-wheelers lined up for launch
Japanese car major Nissan on Tuesday said will hike the prices of its vehicles, including hatchback Micra and sports utility vehicle Terrano in India, by up to 4 per cent from next month in order to offset the impact of rupee depreciation and escalating input costs.
The hatchback has been priced strategically at a notch above the Nano and way below the Tata Bolt.
The German company has invested Rs 720 crore to make this sub-4 meter car
Higher costs of car inventories, missing sales targets and manufacturer expectations, and soaring rentals, are eating into dealers' margins.
The price increase is marginal and the company is confident that the customers will appreciate its efforts to offer globally renowned products at affordable prices.
In absolute terms, prices will go up by Rs 5,500 to Rs 47,000, depending on the model and prevailing prices.
From discounts to hundred per cent financing to talks of a price hike, companies are doing everything to ensure retail sales pick up this month.
Vehicle sales across categories registered a decline of 8.62 per cent to 20,86,358 units from 22,83,262 units in May 2018.
Kwid's early success is evident from a number of 50,000 in booking in just about a month of launch in September 2015
It is immediately not clear how GST will impact the mass car market. Experts, however, say the level of tax on smaller cars will have to be at a differential to the sedans.
The Reserve Bank of India, in its Second Bi-Monthly Monetary Policy Statement for 2014-15, kept the key interest rate unchanged at 8 per cent.
Whether it is protecting its turf in its core utility vehicle segment through new model launches, or stepping up investment in electric vehicles, the Anand Mahindra-led firm is leaving nothing to chance
The SUV launch also marks the company's debut into the petrol segment
For an industry which saw sales shrinking in 2013-14, this is hope indeed.
'This is purely a brand sale. It includes the Ambassador with its variants. Peugeot is likely to relaunch the brand with multiple variants.'
The new obsession on cost control is powered by the company's 'GEAR' (Generate idea, evaluate, action and realise the idea) programme.
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.
German car maker Volkswagen was the first company to offer airbags on all its variants in India from the beginning of this year.
Auto sector cheers RBI rate cut as 'festival gift'
From a Rs 9-lakh Maruti to a Rs 2 crore-Nissan, Indian auto industry packs quite a surprise for car buyers
The Honda City facelift is likely to be launched in the early part of 2017
Car makers are cautiously optimistic, even as two-wheeler firms are clearly upbeat.
Declining motorcycle sales remained a cause of worry.
The distinction between "cheap" and "affordable" is a fine one, but no one understands this better than India's aspirational first-time car-owner, says Kanika Datta.
Fiat Chrysler will be shipping its first India made product - the Compass SUV - to right hand drive markets like UK, Japan, Australia and South Africa in the next few months.
Reflecting the woes of the Indian automobile industry, the country's car exports remained flat at 550,466 units in 2013-14, during which domestic sales fell for the second consecutive year.
Good pay hikes, positive macroeconomic factors and the taming of inflation have had a positive effect on purchases
The new Toyota Yaris will surely instil confidence among its users when it comes to performance and safety, says P Tharyan.
There is a beguiling allure to 'masstige' brands, which trade places up and down the value spectrum. But they aren't always easy or successful.
WR-V has been launched at a starting price of Rs 775,000 and is available in two trims: S and VX.
The government has mandated that from October 2017, all new car models will have to be equipped with airbags to meet crash test norms.
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.
This is the first decline since June this year when car sales declined by 11%.
German Car maker Audi plans to offer cars that can do 400 km on a single charge, says Ajay Modi.
Renault Kwid could be the new frontrunner in the 1-litre car segment, says P Tharyan.
Toyota Motor Corp is betting on pricier premium models offering better safety and quality.
The company has capacity to manufacture 310,000 units annually.
Carmakers fear an increase of Rs 35,000-40,000 per vehicle for safety equipments.
Honda Cars India is recalling a total of 1,338 units of its premium sedan Accord and sports utility vehicle CR-V manufactured between 2002 and 2003 to replace a faulty part in the passenger side airbags. The recall, which is part of Honda's global recall regarding the potential defect related to passenger air bag announced in June 2014, would cover 1,085 units of Accord and 253 units of CR-V.
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