India's automobile market is expected to register a slower growth between 12-14 per cent in the current calendar year, as compared to 30 per cent in 2010, an industry official said on Thursday.
German automotive giant Volkswagen (VW) has said it will focus on the premium sedan/sport utility vehicle (SUV) segment and avoid the mass hatchback segment. "Customers don't expect anything less than a premium product from VW. "Customers expect a certain level of quality and driving dynamics. We have to stay true to that DNA. "The day we go mass, customers will reject us," says Ashish Gupta, brand director, VW India.
The US carmaker's entry into India is expected by the last quarter of the current financial year.
...But sales of domestic passenger vehicles dropped 2% to 3% year-on-year in August owing to low demand.
German carmaker Volkswagen plans to invest Rs 1,500 crore in India over the next 6 years on various activities, including local production of engines, as it aims to consolidate position in the country.
'The reported deal between the European Union and China should mitigate it (shortage) for the medium to long term. Let's wait and watch how this plays out.'
Ahead of the festive season, several passenger and commercial vehicle manufacturers have agreed to offer discounts of 1.5-3 per cent on new vehicle purchase against scrapped old vehicles after a meeting with Union Minister Nitin Gadkari, an official statement said on Tuesday. The statement further said Mercedes Benz India has offered a flat discount of Rs 25,000, which will be over and above all existing discounts. Union Road Transport and Highways (RT&H) Minister Nitin Gadkari on Tuesday chaired a meeting with the SIAM delegation at Bharat Mandapam, where he addressed pressing issues in the automobile industry.
Fair trade regulator CCI has rejected allegations against Volkswagen.
For the first time, the event will take place across three locations in Delhi: Bharat Mandapam at Pragati Maidan, Yashobhoomi Convention Centre at Dwarka, and India Expo Mart at Greater Noida.
Passenger vehicle exports from India increased 43 per cent in FY22, with Maruti Suzuki India leading the segment with dispatches of over 2.3 lakh units, as per the latest data by industry body SIAM. The total passenger vehicle (PV) exports stood at 5,77,875 units in 2021-22 fiscal, as compared to 4,04,397 units in 2020-21. Passenger car shipments saw 42 per cent growth at 3,74,986 units, while utility vehicle exports rose 46 per cent at 2,01,036 units during the last fiscal, the data by the Society of Indian Automobile Manufacturers (SIAM) showed.
Volkswagen is planning to make India a low-cost manufacturing hub.
MSI said compact sedan Dzire Tour stood out as sales rose by over two-fold during the month under review to 3,370 units as against 1,299 in July 2014.
olkswagen on Wednesday launched a petrol variant of its premium hatchback Cross Polo in India, priced at Rs 7,07,000.
Volkwagen tells dealers in India to stop delivery of Polo
Maruti Suzuki posted a marginal increase in January and the likes of Hyundai, Ford and Mahindra & Mahindra reporting a single-digit growth.
'We are seeing one of the highest discounts in recent years across companies.' 'October is a crucial month with several festivals coming up.'
The government seems to have come to the rescue of potential car buyers.
The company's sales had declined over 14 per cent last year.
Volkswagen's new SUV is set to lock horns with half a dozen rivals, says Pavan Lall.
American tech billionaire Elon Musk on Saturday said his proposed visit to India has been postponed due to "very heavy Tesla obligations". The electric carmaker Tesla CEO -- who was expected to be in India on April 21 and 22 and scheduled to meet Prime Minister Narendra Modi -- wrote on X that he is looking forward to coming to India later this year.
The stock of the country's largest passenger vehicle maker, Maruti Suzuki India (MSIL), has been hitting successive all-time highs over the past three trading sessions. The rally in the scrip has helped it notch over a 21 per cent gain since the start of February, outperforming the National Stock Exchange Nifty Auto Index. The gains for the leader of small passenger cars have been more recent, as the company still trails the Nifty Auto over one- and two-year periods.
"We will launch the new Jetta and new Passat in the Indian market in 2011," Volkswagen Group's Head of Marketing and PR (Passenger Cars) Lutz Kothe said.
Exports in October and November fell 28 per cent and 17 per cent, respectively.
Compact sedans (Maruti Dzire, Hyundai Aura, Tata Tigor)' share in the overall sedan category grew from 68% in 2021 to 74.6% in 2024. Mid-sedans' (Honda City, Maruti Ciaz, Volkswagen Virtus) share declined from 26.2% in 2021 to 20.2%.
Reflecting the woes of the Indian automobile industry, the country's car exports remained flat at 550,466 units in 2013-14, during which domestic sales fell for the second consecutive year.
After a brief lull during the pandemic, there is a strong revival in luxury car sales, bolstered by more launches across price bands, replacement demand, ban on old diesel vehicles in the NCR, and 'revenge buying'.
Volkswagen Tiguan's refreshing design and array of features could give its competitors run for their money, says Joshua David Luther.
German car maker Volkswagen was the first company to offer airbags on all its variants in India from the beginning of this year.
it's the cheapest car in the country to get a dual clutch automatic gearbox, and blends the best of both worlds - it's fast and fun, yet easy and efficient.
Maruti Suzuki remains India's most influential auto brand.
So far, the current year has not been great for the leading car exporters from India. In the top five list of exporters -- Hyundai, Ford, Maruti Suzuki, General Motors and Volkswagen -- it is only Hyundai which is clocking a growth.
The car promises to offer oodles of performance and fun, but at a price. Is it worth all that money? Indian automobile website MotorBeam finds out.
The Ameo brings the best of both worlds in a single package as a value for money purchase for the Indian family at an incredible price point.
Go for the Dzire if you are looking for easy maintenance and a better driving car. But if you want your compact sedan to make a statement, get the Ameo
Over seven lakh vehicles have been recalled by various manufacturers in India since 2012.
Over seven lakh vehicles have been recalled by various manufacturers in India since 2012.
Car deliveries during the nine-day period saw sharp year-on-year (double-digit increase for most automobile companies.
The Tata Nexon and Mahindra Marazzo ace the safety ratings, but what about other Made in India cars? How safe is the car you drive?
The electric vehicle evolution in India's passenger vehicle market has remained frozen in time and may see limited adoption over the next decade, experts say.
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