With interest rates on car loans adversely impacting domestic sales, many companies are aggressively pushing up their export targets, especially with India becoming a small car hub.
General Motors announced it will launch its new mini compact global car in 2010. It also announced that it would launch the Chevy Volt -- its first electric car, in the Indian market next year. But it ruled out an entry into the Rs 1 lakh car segment. The company is also looking at India as an export base in the coming years as it increases the capacity of the newly commissioned car and engine plant in Maharashtra from 140,000 to 300,000 vehicles.
But things are changing fast as more and more carmakers are keen to launch cars with automatic gearbox in the 'affordable segment'.
'That was my mistake.' 'Gautam Adani was not involved in forming the Maharashtra government.' 'Adani was not there in the meeting.' 'The meeting was at his guest house and we were sitting in his guest house.'
'This case is not a good example of intellectual property strategy for either sector.'
The Israel Defence Forces (IDF) said on Saturday that multiple rocket launches have been identified from Lebanon since the Yom Kippur fast started. Two UAVs were identified crossing from Lebanon into central Israel, according to IDF. A hit on a civilian building was identified and one UAV was intercepted.
The company, which on Wednesday launched its compact sedan Zest in the NCR, priced between Rs 464,000 and Rs 699,000 (ex-showroom Delhi), is also working to upgrade its sales and service network.
Includes all-new versions of Swift and Swift Dzire.
The first all electric Mercedes AMG launched in India
The Tata Group is one of the very few Indian MNCs which has carved out a niche in China's highly competitive market, notes Rup Narayan Das.
Toyota is launching a compact car by the end of next year from its new production facility close to its existing plant in Bangalore.
Tamil Nadu -- often dubbed as India's own Detroit due to its thriving automobile manufacturing ecosystem -- is in no mood to miss the EV bus either. Recent developments attest to it. Vietnamese electric vehicle (EV) maker VinFast has promised a $2 billion plant in the southern state. And as promised earlier, the work on Tata Motors-JLR plant will kick off next week, on September 28, after the foundation stone laying ceremony.
Business is growing fast and continues to draw investment, but making big bucks in a country smitten with small cars won't be easy.
Ola Electric on Thursday teased five new electric motorcycles that the SoftBank-backed company is working on, announcing the range after selling electric scooters. The products are labelled cafe racer, an adventure tourer, a scrambler and a naked motorcycle. The motorcycles are expected to be launched next year and would include premium and mass-market versions, said sources.
The MG Cyberster, an electric sports car, was launched in Mumbai, March 20, 2024.
Asked if it is looking at the Maruti 800 and the Chevrolet Spark segment, Nigel E Wark, executive director, marketing, sales and service, Ford India, said: "Yes, we will be launching the small car in this segment broadly, but there are sub-segments and this is where we will differentiate ourselves. We will be competing in the largest volume segment. India and China are the two markets where small cars are in huge demand and we will be focusing on these countries."
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Auto experts from CarJasoos answer all your questions related to buying, selling or maintenance of new cars.
Photos from a suburb of Beirut in the south, where Hezbollah is widely supported, according to The Washington Post, showed massive damage to cars and buildings as well as rubble in the streets.
Dhanatrayodashi is called Dhanteras and its twinkling lights set the mood of India's greatest and most popular festival -- Diwali, the festival of lights.
This festive season, manufacturers went all out to launch new cars and upgrade existing models to retain customer loyalty. The most exciting launches were in small car space. Find out if the upgraded cars do give buyers more bang for bucks.
Let's take a sneak peak into these cars.
There were certainly qualities adhering to the Tata Group, which emanated from the persona of Ratan Tata. Most notable of these would be the low profile he maintained, which sharply contrasted the in-your-face celebrity status, celebration of wealth and pursuit of importance many of liberalised India's rich, love, notes Shyam G Menon.
It will be the first company to come out with factory-fitted CNG cars.
Posco Daewoo, the South Korean conglomerate whose Cielo sedan and Matiz hatchback were once the pride of Indian car owners, is looking to re-enter India. And its return journey is riding on plans to sell electric bikes and e-cycles. The company termed India's robust economic growth and surging consumer demand as reasons behind its comeback plans, saying they make India "one of the world's most promising consumer markets," according to Y S Choi, general manager, Posco Daewoo South Korea.
If you are planning to buy an electric car in the near future, it would be highly advisable to wait for these upcoming electric SUVs.
The sports car 'SL 350' is powered by a 3.5 litre V6 engine while sports utility vehicle 'GL 500' will run on a 5.4 litre V6 engine.
Mitsubishi Motors, Japan's fourth largest carmaker, is looking to grab a slice of the 1.2 million per year Indian small car market and is mulling the launch of a compact family hatchback over the next three to four years.
Tata Motors will launch a diesel-powered version of its ultra-cheap Nano by the end of March 2014, its managing director said, hoping to kick-start demand for the model after years of disappointing sales.
JCL International on Tuesday announced the launch of multi-level car parking facilities in technical collaboration with Germany's Otto Wohr GmbH in a bid to provide hassle-free parking solutions to vehicle owners in the country.
'Some of the launches may get deferred due to the semiconductor shortage, which is unlikely to get resolved before the second half of 2022.'
Mohali Police on Wednesday said it has arrested three youths, including an Agniveer, in a vehicle snatching case.
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.
Maruti Suzuki India will launch electric vehicles in the country only after 2025 as demand for such vehicles at the moment is less and it would like to sell around 10,000 units a month whenever it enters the electric mobility space, company chairman RC Bhargava said on Wednesday. Addressing a virtual conference on the company's second quarter earnings, he said under the current circumstances a lot of things in the EV ecosystem such as batteries, charging infrastructure and electric supply are done by other parties and therefore the costing is not in the hands of the company. Also with fuel prices going up, car market leader Maruti Suzuki India is intensifying its focus on more CNG offerings of its models.
After a 20-month absence from Test cricket, Rishabh Pant's return was nothing short of sensational.
Chevrolet started the year with Sail UVA hatchback and Enjoy MPV, and is the only automaker to have refreshed all its models within a span of one year.
This was a man who like Buddha transformed himself into achieving the impossible and being an inspiration for many generations to come, says business thinker Mudit Jain.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
