The craze over SUVs has just started in India.
Indian Oil, which has an over 60 per cent share of fuel sales in Punjab, has observed a 14.18 per cent jump in diesel sales between January 1 and 17.
India's largest automobile manufacturer, Maruti Suzuki is planning to launch the company's entry-level sports utility vehicle, Jimny in the country by the year-end.
"We are expecting to launch the high-premium SUV 'Outlander' by this year itself in the Indian market and it would be placed between Mitsubishi's Pajero and Montero," company's Executive Vice-President Y V S Vijay Kumar told reporters here on the sidelines of HM's tie-up with Pune-based Opulent Auto Care.
The automobile maker entered the passenger car segment last year with only one model, but failed to impress the market. It is now banking on new launches to boost sales.
It manufactures cars ranging from entry-level hatchbacks to sedans to sport utility vehicles to vans to pick-up trucks. It also has a range of electric and hybrid vehicles
The government on Friday raised the export duty on iron ore and long steel products used in construction in another attempt to cool prices, rewarded flat steel producers with duty-free exports after they promised to hold prices and imposed fresh excise duty on large cars and sports utility vehicles to dissuade conspicuous expenditure.
Mahindra had bought Renault's 49 per cent stake in the troubled Mahindra Renault Private Ltd, while gaining limited autonomy to the Logan sedan, in an effort to turn around the loss-making company.
Hyundai Motors on Wednesday enhanced its product portfolio in India by bringing in Tucson, its latest sports utility vehicle.
It is the global leader in car sales but in India, is a distant fifth.
Hyundai Motor India also plans to raise its sales in the overseas market this year.
Honda Cars India (HCIL) net profit dropped by 52.8 per cent year-on-year (Y-o-Y) to Rs 661.4 crore in 2023-24 (FY24), primarily due to deferred tax of Rs 359.8 crore, according to the annual results submitted to the Registrar of Companies (RoC) and reviewed by Business Standard. In FY24, the company's production increased by 16 per cent Y-o-Y to 134,807 units.
These days, majority of car buyers do their research online before buying a car.
The company would consider to bring in some of these models to India in future, the homologation of which would be carried out in due course of time. The company on Monday unveiled the prototype of its racing car R15 in Ingolstadt.
Tata Motors-owned Jaguar Land Rover on Monday launched a special edition of its latest sports utility vehicle Range Rover Evoque, which will hit the market in October with a price tag of 79,995 pound (over Rs 65 lakh).
After rise in duties, third-party motor insurance rates set to increase premiums 5 - 10 per cent.
There are some sports utility vehicles that are expensive and then there are some that are really expensive.
Mahindra & Mahindra has decided to curtail its capital expenditure of Rs 5,000 crore (Rs 50 billion) in view of the ongoing slump in demand for cars and sports utility vehicles in the domestic market.
Mitsubishi Motors will be strengthening its position in the high growth sports utility vehicle market by launching the all-new Outlander in early 2008.
The four-door, five-seater pick-up will be priced at Rs 7.62 lakh for the 4X2 version and Rs 8.58 lakh for the 4X4 version (ex-showroom Delhi). The car will be powered by the same engine which powers the group's sports utility vehicle Safari. It will have 2.2 VTT Dicor diesel engine, which belts out a power of 140 bhp. The car does not have much competition in the lifestyle pick-up market with the only other vehicle in the space being Mahindra's Scorpio Getaway.
Mahindra & Mahindra on Thursday unveiled its Scorpio and Bolero models in South Africa.
Now you can buy Jaguars and Land Rovers from dedicated showrooms in India. Indian owned or not, they represent some of the best sports cars and sports utility vehicles.
In the past, Tata Motors gave India its many first - country's first indigenous car (Tata Indica), first sports utility vehicle (Safari), first micro truck (Ace) or a Rs 100,000 car for the common citizen (Nano). After JLR's acquisition, however, the company has failed to connect with Indian car buyers.
Ford India launched the premium action sports utility vehicle, which is equipped with a 2.5 litre duratorq engine and is available as 4x2 wheel drive and 4x4 wheel drive variants at the cost of Rs 14,72,000 ($36,058).
Maruti Udyog Ltd on Wednesday launched the popular sports-utility-vehicle Grand Vitara XL-7 and said its passenger vehicle sales would increase considerably this fiscal.
Rijiju complimented Rahul for promoting the excellent roads built in the Himalayan region under Modi's leadership.
Apart from considering a sports utility vehicle on its premium hatchback Jazz platform, using the same 1.5 litre engine that will power the entry level sedan Amaze, R&D officials of the company said they are also working on smaller diesel engines keeping in mind the Indian market.
The company is eyeing sales of 8,000 units per month for the Kylaq, which starts at Rs 7.89 lakh (ex-showroom) and boasts 96 per cent localisation.
The vehicle will be available in both petrol and diesel variants.
While a refurbished Laura would hit the roads some time next month, a premium mid-sized sedan, Rapid, would arrive by the end of the year.
The company's domestic market share is down to low single digits from nearly 15 per cent a decade ago and its bread-and-butter commercial vehicle business faces a slowdown as well as intense competition.
Ford India has entered the sports utility vehicle segment of the domestic car market by rolling out its globally popular SUV Endeavour at its manufacturing facility near Chennai on Wednesday.
The new SUV has been made more stylish, dynamic and comfortable while retaining its core DNA.
The rise of startups and a thriving entrepreneurial culture in Tier-II and Tier-III cities is contributing to the increasing sales of high-end cars.
"At this point of time, our completely knocked down (CKD) operations are fully fulfilling the new regulations. We are paying 10 per cent duty... There will be no price hike," BMW India President Andreas Schaaf told reporters in New Delhi.
German carmakers Audi, BMW and Skoda launched their dazzling new models at the Auto expo, in New Delhi, on Tuesday.
Mahindra & Mahindra Ltd has raised the prices of its sports utility vehicle Scorpio by Rs 6,500 and that of its multi-utility Bolero by Rs 4,500, effective March 15.
