Higher costs of car inventories, missing sales targets and manufacturer expectations, and soaring rentals, are eating into dealers' margins.
'I have personally been very keen on investing in lithium ion battery technology for some time.'
In absolute terms, prices will go up by Rs 5,500 to Rs 47,000, depending on the model and prevailing prices.
As per SIAM data, vehicle sales across categories, including passenger vehicles and two-wheelers and commercial vehicles stood at 18,21,490 units last month as against 23,82,436 units in August 2018, a fall of 23.55 per cent.
Dipa Karmakar says the roads in Agartala are too narrow for a BMW and also the city does not have a single BMW showroom or service centre.
Sales of diesel-powered utility vehicles have been declining in the past six months as the differential between petrol and diesel prices narrowed.
India, is home to 15% of all traffic fatalities.
One litre of petrol now costs Rs 64.76 while the diesel price is Rs 54.70 a litre in Delhi
Sales of commercial vehicles rose 5.30 per cent to 52,481 units in January this year, SIAM said.
General Motors India Vice President P Balendran termed the decision as a positive move for the overall economy.
Honda will launch 4 cars in India soon.
Domestic passenger vehicle sales declined 0.84 per cent to 2,63,773 units in November from 2,66,000 units in the year-ago period. Motorcycle sales, too, declined 14.87 per cent to 8,93,538 units. Vehicle sales across categories registered a decline of 12.05 per cent to 17,92,415 units from 20,38,007 units in November 2018.
This is the first decline since June this year when car sales declined by 11%.
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.
Companies have also managed to find talent created by frequent exits.
Toyota Motor Corp is betting on pricier premium models offering better safety and quality.
'More than one brand in a showroom is too risky because customer loyalty in this market is low. Most people don't drive different cars made by the same manufacturer for a lifetime, they experiment.'
The new Toyota Yaris will surely instil confidence among its users when it comes to performance and safety, says P Tharyan.
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.
The government has mandated that from October 2017, all new car models will have to be equipped with airbags to meet crash test norms.
German Car maker Audi plans to offer cars that can do 400 km on a single charge, says Ajay Modi.
Over 22 passenger and commercial vehicle makers and 18 two- and three-wheeler makers will take part amid proximate security.
The price differential between diesel and petrol has narrowed. But there are still enough reasons to opt for the diesel variant.
Does the French automaker's insignia help the cleverly packed Kwid to be on the premium side compared to Datsun's humble redi-GO? Both the vehicles underpin the same platform which is pulled by a similar 0.8-litre petrol motor and are made by the same alliance. Read on to find out more!
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
A study by second-hand car dealer CARS 24 showed 42 per cent of the consumer feel the need for a car to travel safely now. Those who used cabs to commute before the pandemic want to buy a car for the family and a two-wheeler for shorter runs.
The company has delivered 1,000 cars to buyers and is in the process of delivering another 2,000 units.
Markets closed in the red on domestic worries.
'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.'
live with the car and you know why 'Nothing else is a Jazz'
Sachin Tendulkar, Virat Kohli, Katrina Kaif, Ranbir Kapoor and Alia Bhat all turned up at the 13th edition of the gala car fair.
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.
As fuel prices rise, here's a list of cars that will help you save fuel and money too!
According to the data released by Society of Indian Automobile Manufacturers (SIAM), domestic car sales in October this year stood at 1,59,036 units as compared to 1,63,199 units in the same month of 2013.
Sales of commercial vehicles rose 8.59 per cent to 56,140 units in September, SIAM said.
Tampering with electrical fittings of a car, subjecting it to improper maintenance or making unwarranted changes to it are the primary reasons behind the spurt in cases of vehicle fires, which have claimed several lives in the recent past.
The Competition Commission of India (CCI) on Monday slapped a penalty of Rs 2,545 crore on 14 top carmakers of the country for violating trade norms in the spare-part andafter-sale service market.
With no signs of economic revival under the current political circumstances, SIAM said it expected a turnaround in the fortune of the auto industry only after a new government is formed after the general elections next year.
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