'The market is still very bullish. The demand is so strong that for eight models, we have no units in our factories to dispatch to dealers,' said Partho Banerjee, senior executive officer, marketing & sales, Maruti Suzuki India (MSIL).
For hatchbacks and sedans, offers range between Rs 40,000 and Rs 80,000 while SUVs and multi-purpose vehicles carry benefits exceeding Rs 1 lakh.
A woman doctor from Lucknow, arrested in connection with an inter-state terror module, was previously married to a man from Maharashtra, police said.
As there is a moderation in car sales, dealer stock levels across the entire industry have surged to alarming heights. However, the situation is under control at HMIL.
India head coach Gautam Gambhir has condoled the loss of lives in the blast in the national capital on Monday evening and wished for a speedy recovery to the injured.
The small sports utility vehicle (SUV) segment - comprising models less than 4 metres in length - could witness the "maximum" growth among all categories in the coming months following the recent goods and services tax (GST) rate rationalisation, Tarun Garg, chief operating officer of Hyundai Motor India (HMIL), said.
The police suspect the recces were part of a larger conspiracy to target the historic monument on January 26, which might have failed due to intense patrolling in the area at the time.
"Investigators are now tracing the route towards Daryaganj, while more than 100 CCTV clips, including footage from nearby toll plazas, are being examined to establish the complete movement of the vehicle," the sources added.
Haryana DGP O P Singh visited Al Falah University in Faridabad to investigate security lapses after the discovery of a terror module linked to the university. The investigation follows a blast near the Red Fort and the busting of a 'white-collar' terror module.
With demand continuing to be strong post the festive season, leading automakers, Maruti Suzuki, Tata Motors and Mahindra & Mahindra, saw robust growth in sales in November as compared to the same month last year. Maruti Suzuki India reported the best-ever total sales, including exports, last month at 229,021 units, a year-on-year growth of 26 per cent as compared to November last year.
Indian authorities have uncovered a Jaish-e-Mohammad (JeM) terror plot involving doctors from south Kashmir, a Faridabad university, the recovery of 2,900 kg of explosives, and a car bomb near the Red Fort. Eight people have been arrested in connection with the plot.
Shaheen was taken to Faridabad to corroborate some leads the NIA learnt to have known during interrogation of other suspects and the seventh accused Soyab, a resident of Dhauj in Faridabad.
Intelligence agencies on Thursday revealed a larger terror conspiracy linked to the deadly more vehicles with explosives to carry out coordinated attacks across multiple locations.
Police were yet to disclose the nature of the explosives seized from the duo.
The police sounded a high alert in Delhi. Seven fire tenders were rushed to the spot with police cordoning off the area, the Delhi Fire Services said.
South Korean auto giant Hyundai Motor Company is considering tax implications of listing its Indian unit before taking a final call, according to sources privy to the development. Hyundai Motor is mulling an initial public offering (IPO) for its Indian arm to raise around $3 billion (at a valuation of up to $30 billion), and talks are in the early stages between the company and bankers, banking sources revealed. Hyundai Motor India Ltd (HMIL), however, declined to comment on the development.
You know the Tata Sierra is a true icon when driving on the highways and hill climbs of Chandigarh, the car instantly drew all eyes to it.
Investigation into the car explosion near the Red Fort reveals the driver, Dr. Umar Nabi, visited a mosque before the attack. Police are investigating all angles, including a possible terror attack.
Dr Umar Nabi was allegedly driving the Hyundai i20 car that was used in the blast near the parking area of the Red Fort Metro Station on Monday, killing at least 12 people. He hails from Koil village in Pulwama, they said.
Hyundai Motor India expects SUV sales to account for 65 per cent of its overall volumes in 2024, while it gears up to enter the EV segment early next year, aiming to garner 20 per cent of its total sales by 2030, its COO Tarun Garg said on Tuesday. The automaker, which got around 60 per cent of its overall volumes from sports utility vehicle (SUV) sales last year, plans to invest Rs 7,000 crore on its second plant at Talegaon, according to Maharashtra Deputy Chief Minister Devendra Fadnavis. The company officials however declined to comment on the matter.
Tata Motors Passenger Vehicles Ltd expects contribution of SUVs to its overall sales to go beyond 70 per cent with it making foray into the fast growing mid-sized segment with a premium positioning of its Sierra model, according to its Managing Director & CEO, Shailesh Chandra.
Festivals also contribute to the rise in overall automobile retail sales, says dealers association.
Auto majors Maruti Suzuki, Tata Motors and Mahindra & Mahindra reported robust sales in September as reduced price tags owing to GST rationalisation led to record demand in the Navaratri period. The month also saw Tata Motors and Mahindra & Mahindra settling at number two and three positions, respectively in vehicle wholesales ahead of Hyundai Motor India.
Automobile exports from India rose 26 per cent year-on-year in September quarter driven by highest-ever shipments of passenger vehicles, two-wheelers and three-wheelers during the period, as per the latest data released by industry body SIAM.
India may see its busiest EV festive season in 2025 with SUVs, luxury cars and scooters set to launch, but rare-earth supply bottlenecks risk delaying rollouts.
US Secretary of State Marco Rubio praises India's measured and professional investigation into the Red Fort car explosion, calling it a terrorist attack. The US has offered assistance, but acknowledges India's capabilities in handling the investigation.
A deep split has emerged within India's auto industry over the proposed CAFE exemption for small cars, with only Maruti Suzuki and Renault backing the move in the final SIAM vote.
Security agencies are probing three bullet cartridges, two of them live rounds, recovered from the debris near the Red Fort blast site, a source said on Sunday.
The initial public offering of LG Electronics India Ltd received 54.02 times subscription on the final day of bidding on Thursday, driven by overwhelming participation from institutional buyers.
The US President said that companies have to bring people to "get those plants opened, we want you to do that, and we want those people to teach our people how to make computer chips and how to make other things."
Officials reveal details of a foiled Jaish-e-Mohammed terror plot involving a doctor who planned a bomb blast near the Red Fort, timed around the Babri Masjid demolition anniversary. Arrests and investigations uncovered the interstate network.
Companies with "gas guzzlers" are trying to set up the wrong narrative against small cars getting relaxation in the proposed corporate average fuel efficiency (CAFE-III) norms on the basis of weight, Maruti Suzuki senior executive officer corporate affairs Rahul Bharti said on Monday, bringing to the fore deep division among carmakers regarding the upcoming rules.
The GST Council on Wednesday approved two slabs of 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
With several $500 million-plus deals in the pipeline -- including ICICI Prudential AMC, Lenskart, PhonePe, Groww, PhysicsWallah, Meesho, Pine Labs, and Zepto -- investment bankers look poised for another year of hefty bonuses in 2025.
The domestic initial public offering (IPO) market is experiencing a significant surge, fuelled by the financialisation of savings, digital ease of investing, and expanding participation from both retail and institutional investors, investment bankers said on Wednesday.
Sources told ANI that the suspect did not follow the usual pattern of a suicide car bombing -- he neither rammed the car into a target nor collided intentionally.
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.
Delhi Police reconstructs the journey of Dr. Umar Nabi, accused in the Red Fort blast, using CCTV footage, revealing his movements from Haryana to Delhi and meticulous planning to avoid detection.
Electric passenger vehicle (PV) retail sales jumped more than twofold in September with Tata Motors (TaMo) leading the pack having over 6,000 registrations and a 40 per cent market share.
Opposition parties in India are demanding a thorough and speedy investigation into a car blast near the Red Fort in Delhi that resulted in multiple fatalities and injuries. They are also raising concerns about the security situation in the national capital and questioning the government's handling of the matter.
