Although it has not announced the price bookings, sources say it could be in thousands.
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.
The share of diesel vehicles sold in 2014-15 was 37 per cent.
Mercedes-Benz India on Wednesday announced its foray into the pre-owned car business under its 'Proven Exclusivity' programme, launched globally last year.
Its superior formability makes it suitable for creating relatively complex shapes.
'India is the sixth-largest market for the Kia Corporation, and contributes 8 to 9 per cent to our global sales.' 'We are eyeing 10 per cent market share over the next few years depending on customer demand and new product innovations.'
The iconic brand is considering petrol powertrains for its entire Indian portfolio, which includes the Jeep Compass, Meridian, Grand Cherokee and Wrangler.
Maruti Udyog Ltd will launch a new compact car by 2008-9 and invest an additional Rs 3,000 crore till 2010.
The Indian consumer has never had it so good. Gone are the days when you had just two choices -- either a Fiat or an Ambassador. Now you are spoilt for choice. With various international brands entering the market, there is no dearth of options. Car buying is also becoming cheaper due to launch of small cars by many players.
Mahindra has been keen on bringing to market cars that would redefine the 'future of mobility' in India.
BMW's plant in Chenna now has 50 per cent localisation.
Senior citizens, differently-abled, pregnant women and medically sick travellers will be given a preference
The Finance Minister proposed a cess of 1 per cent on small petrol, LPG and CNG cars, 2.5 per cent on diesel cars of certain capacity.
GM India is banking on the growing used car market in the country to bring incremental revenues amidst sagging sales of passenger cars in the aftermath of economic recession. General Motors clocked a sales volume of 65,702 units in the India market in 2008 as against its targeted sales of 85,000-90,000 units. The auto major had not set any sales target for 2009-10 but expected sales to be flat.
The Los Angeles Auto Show had an interesting showcase of the latest vehicles.
Till now, the company was selling the Beat in petrol and liquefied petroleum gas variants.
Bajaj Auto expects to launch its small car in the next four years in partnership with Renault and Nissan.
The company will sell both VW and non-VW branded cars under the pre-owned car business, Volkswagen Group Sales India Member of Board and Director Neeraj Garg told reporters in New Delhi.
For Nissan, Datsun is something of a legacy brand and the current launch marks its return to the market after nearly three decades.
With prices of oil forecast to touch $200 per barrel this year, auto makers in the country have launched a slew of options that are not just fuel efficient but also easy to maintain. Battling the rising fuel bill is premium car maker Honda Siel, who will launch the country's first hybrid car - the Civic hybrid shortly.
SkodaIndia, a fully-owned subsidiary of Volkswagen Group's SkodaAuto of Czech Republic, today revealed the company's plan to launch Skoda Fabia, its first small car in the Indian market.
Diwali, considered as one of the the most auspicious times for new launches, will witness cars of all contours -- right from hatchbacks and sedans to tight-built SUVs.
