Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Thursday reported robust sales in March as a shift towards personal mobility and pent up demand continued to help companies push dispatches to their respective retail partners. Toyota Kirloskar Motor, Honda Cars and Mahindra and Mahindra (M&M) also reported strong sales last month as compared to the year-ago period, when dispatches were adversely impacted due to the impending transition to BSVI from April 2020 and the nationwide lockdown to contain the coronavirus pandemic. The country's largest carmaker Maruti Suzuki India said its domestic sales stood at 1,49,518 units last month. The auto major had reported sales of 76,976 units in March 2020.
About two dozen car & SUV models and two-wheelers lined up for launch
Maruti sold 191 units of SX4 sedan in January 2014.
Palo Alto-based electric carmaker Tesla has initiated talks with the government on the modalities of setting up fully-owned retail outlets. The company needs to comply with the foreign direct investment (FDI) guidelines related to single-brand retail, including local sourcing norms, to sell directly in India. At least two other foreign majors - Apple and Ikea - were engaged in talks with the government long before the sourcing norms were eased under the single-brand retail route.
Companies also said confidence was yet to return among buyers, with many holding back their decision to buy cars.
Among Indian cars Vizag-based Stephen Panchigalla clocked 13.366s in his Skoda Octavia in the same J Class, which was run jointly for both Foreign and Indian cars, to ended up as the 'Fastest Indian Car.' Of the day.
An alternative to a small car, it is expected to be priced ex-showroom between Rs 260,000 and Rs 300,000, and will offer better mileage (more than 30 km a litre) and less pollution than a car, and will be a convenient alternative to a two-wheeler but at the same operating costs.
In a rare face off, captains of the auto industry have hit out at the government for not walking the talk. At an industry event in the capital on Wednesday, R C Bhargava, chairman of India's largest carmaker Maruti Suzuki, and Venu Srinivasan, chairman of TVS Motor, questioned the government's intent to support the auto sector. Revenue secretary Tarun Bajaj sat in the audience listening, before his turn came to counter them.
Kwid's early success is evident from a number of 50,000 in booking in just about a month of launch in September 2015
Exports in August were up 10.3 per cent to 12,472 units from 11,305 units in the same month of previous year.
As fuel prices rise, here's a list of cars that will help you save fuel and money too!
If you really enjoy driving, then you wouldn't enjoy it; but if you are more practical and want a decently priced car to carry you in relative comfort, you could certainly consider it, says Cyrus Dhabhar.
The company has capacity to manufacture 310,000 units annually.
Unless the model is being phased out or is expected to get a facelift, buying in December makes sense
Maurti and Hyundai recorded jump in sales in May.
India is a market for low-priced cars with low running costs. The global majors don't have models that fit the bill; only Maruti and Hyundai have successful entry-level models, observes T N Ninan.
The hatchback has been priced strategically at a notch above the Nano and way below the Tata Bolt.
The company is currently selling an average 2,000 units each month.
Nissan's affordable hatchback, especially made for India, also has a good drive quality.
Renault Kwid is a good entry-level car for Indian roads.
'Revision of the base year for both CPI and GDP are long overdue.' 'The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.' 'We have since seen the emergence of new sectors like platform-based work and online marketing.' 'The employment surveys and the consumption surveys need to reflect these adequately.'
Toyota Motor Corp is betting on pricier premium models offering better safety and quality.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
The company has delivered 1,000 cars to buyers and is in the process of delivering another 2,000 units.
'The August phenomenon of decline in sales occurs every year.' 'What they have done cleverly is, using the economic slowdown as an excuse, they want a package from the government to compensate the expenditure they will incur while converting BS4 to BS6.' 'That's why they are making a hue and cry.'
A large part of the credit for the Kwid's success goes to sourcing of local components. This allowed Renault to launch the car at Rs 256,000 in September 2015
The Qute infant of the four-wheel world is Bajaj Auto's quadricycle. The Qute infant of the four-wheel world is Bajaj Auto's quadricycle. It is finally set to hit the India roads but the challenge of creating a new category in the competitive automobile market has only just begun.
Nifty has a virtual monopoly in the index derivatives segment.
for the slight premium that you'll pay, the Tiago offers more safety tech, bigger engine, space and more creature comfort. Taking into the fact that the 1.0-litre Kwid is around the corner and will be considerably expensive in contrast to its 800cc counterpart, the Tiago makes an even stronger case for itself.
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.
Increase in taxes on luxury cars will not have any effect on the demand
India Inc has few leaders who are likely to grab headlines in 2015.
It's not easy to ignore the newspaper ads with Diwali offers.
