Toyota Kirloskar Motor on Wednesday signed leading Bollywood actor Aamir Khan as brand ambassador to promote its utility vehicle Innova in India.
SUVs are increasingly becoming a rage amongst buyers.
Passenger vehicle sales in India touched a record high of 41.08 lakh units in 2023, growing by 8.3 per cent over the previous year driven by SUVs, which accounted for almost half of the total dispatches from manufacturers to dealers. The record sales have been achieved despite an increase in the average price of vehicles to Rs 11.5 lakh last year as compared to Rs 10.58 lakh in 2022. Market leader Maruti Suzuki, Hyundai Motor India, Tata Motors and Toyota Kirloskar Motor reported their best-ever annual sales in 2023.
Traversing from being just vehicle manufacturers to mobility solutions providers amid a raging debate over which eco-friendly technology must be incentivised, the Indian automobile industry is driving in the new year under the shadow of a slowdown in sales with the post-pandemic pent-up demand in distant memory. The shift in the auto industry -- where advanced technologies like autonomous driving, vehicle intelligence, connected features and electrification are quickly gaining traction -- will be reflected in the upcoming Bharat Mobility Global Expo in which India's flagship Auto Expo has been clubbed to be held from January 17-22, 2025 in Delhi-NCR.
Toyota Motor Corporation unveiled the much-awaited small car that it developed for the Indian market at the Delhi Auto Expo.
The new financial year started on a mixed note for car makers.
India's latest batting sensation Virat Kohli on Thursday said Sachin Tendulkar deserves country's highest civilian award -- the Bharat Ratna.
Move to be aimed at reducing subsidies on the fuel.
Seven manufacturers together post a 15% decli#8800 M&M, Ford and Honda buck trend.
For players like Toyota Kirloskar and Ford, the contribution of UVs to overall sales is now well over 60%.
Firms are enthused at passenger vehicle numbers but high interest rates a problem.
Passenger vehicle wholesales in India witnessed a marginal growth in May on account of high base effect and muted demand due to general elections. The overall passenger vehicle dispatches from companies to dealers stood at 350,257 lakh units last month as compared to 335,436 in the same month a year ago, registering a growth of 4 per cent.
Maruti Suzuki, riding on the success of models like Swift, Estillo and Dzire, posted a growth of 3.4 per cent over the same period in the previous fiscal.
Automobile manufacturers are offering freebies, ranging from gold coins and LED televisions to record discounts, to push petrol vehicle sales.
Even as some automakers limp, others charge ahead.
Your plans to bring home a dream vehicle may just have become a little more distant, with automobile manufacturers considering price increases to offset the impact of higher excise duty levied in the Union Budget.
Dynamics of auto business will change if the government ends diesel subsidy to passenger vehicles.
Toyota has set up two manufacturing plants at Bidadi, about 35 km from here, with a combined capacity of 310,000 units a year.
The country's largest carmaker Maruti Suzuki India on Thursday said it will increase the prices of its vehicles across all models by up to Rs 20,000 from January due to increasing pressure on its margins due to currency fluctuation. Honda Cars India and Volkswagen India said they, too, are contemplating the same.
Hero MotoCorp, Honda Motorcycles, Scooters India, TVS, Honda India, Toyota Kirloskar Motor, Ford, Nissan, Ashok Leyland are all giving the Auto Expo a miss this time.
Hit by the depreciating rupee, auto companies, including General Motors India and Toyota Kirloskar Motor, are mulling hike in prices to offset the rising cost of component imports.
Only 1,200 exclusive units of the Innova Aero will be on sale till December, 2012, it said.
While Tata Motors will stop production of commercial vehicles at Pune for three days this week, Maruti Suzuki India will be having its week-long annual maintenance shut down from next week.
Led by the country's largest car maker Maruti Suzuki, Ford India, General Motors and Toyota Kirloskar logged overall growth in sales volumes.
The SUV segment is showing good momentum, enough to attract new players.
Tata Motors, Mahindra & Mahindra and Kia India on the other hand witnessed an increase in their market share based on the retail sales last fiscal. As per the Federation of Automobile Dealers Associations (FADA), the retail sales of country's largest carmaker Maruti Suzuki India rose to 14,79,221 units in 2022-23 fiscal, attaining a market share of 40.86 per cent. It had retailed 12,39,688 units in 2021-22 and grabbed a market share of 42.13 per cent.
Consumer sentiments have been dampened due to several factors like tight liquidity, high insurance, and high costs
Indian businessmen and executives may not yet be the most meticulous executioners of management principles in the world. But when it comes to keeping the Gods and lady luck happy, they leave no stone unturned.
The car will be available in both petrol and diesel options and will take on Maruti Suzuki's DZire and Toyota Kirloskar Motor's Etios.
The Bosch group has expressed interest to set up a plant to manufacture auto components in Bidadi over an area of 100 acres.
With fuel cost soaring to new highs, automobile firms are launching hybrid models to tackle the problem.
K K Swamy is between jobs. After spending a little over a decade running Toyota Kirloskar Motors as its deputy managing director, he made a quiet exit a month ago to move to Volkswagen India as its first managing director. He is moving lock, stock and barrel from Bangalore to Pune, where he is set to take charge on July 21.
Leading automakers Maruti Suzuki India, Hyundai and Tata Motors reported a double-digit increase in dispatches to dealers in April as the demand remained robust especially for the sports utility vehicles. The country's largest car maker Maruti Suzuki India (MSI) said its domestic passenger vehicle wholesales rose 13 per cent to 137,320 units last month as against 121,995 units in April 2022. Sales of mini cars, comprising Alto and S-Presso, fell 18 per cent to 14,110 units as compared with 17,137 units a year ago.
Amid better semiconductor chip supplies, the Indian automotive industry posted an 8 percent growth in production of vehicles across categories for the month of May, with three-wheelers (20 per cent) and passenger vehicles (16 per cent) leading the pack. Exports, however, dipped 21 per cent at an industry level. The industry also recorded its highest-ever May wholesales of domestic passenger vehicles (334,802 units), riding on high demand for sport utility vehicles (SUVs) and better supplies of semiconductor chips.
Primary steel producers in the domestic market have raised product prices by 2.5 to 3 per cent for December to address margin compression and in anticipation of a demand pick-up.
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