The company, which is now moving from being a premium brand to a mass market player through two launches in the small car segment in the next four years, hopes to cash in on Brand Honda's strong presence in the rural and semi-urban markets in India. Experts call it a gradual scaling up of the brand in the minds of the Indian consumers -- a strategy followed by the Japanese major in all parts of the globe.
Petrol and diesel prices were cut by Rs 2 per litre each as state-owned oil companies ended a nearly two-year-long hiatus in rate revision, just hours before the general election schedule was announced.
Most of these car models have already been unveiled at the recently held Delhi Auto Expo 2012.
When its founder, Raghunandan Kamath, took a calculated risk, his Bollywood customers backed him all the way, say Rohith Potti and Pooja Bhula.
Major carmakers in the country are loading barrels for the coming battle in the field, reports Arnab Dutta.
With no signs of economic revival under the current political circumstances, SIAM said it expected a turnaround in the fortune of the auto industry only after a new government is formed after the general elections next year.
One can see the scale of recalls going up as the market expands.
The Audi mobile showroom will tour 30 cities over the next two years.
The move will result in around 25 per cent reduction in overseas shipments from the company's Chennai plant this year at 190,000 units compared to 253,000 units last year.
Honda, the Japanese carmaker, made its strong presence felt with the launch of new models and concept cars in the 2014 Auto Expo.
German luxury car maker Mercedes-Benz on Tuesday said it has commenced the local production of its AMG portfolio in India, and rolled out its first-ever locally made GLC 43 4MATIC Coupe. The company rolled out AMG GLC 43 4MATIC Coupe, tagged at Rs 76.7 lakh (ex-showroom), from its Pune facility on Tuesday.
Maruti has announced it will phase out diesel variants from April 1, 2020, when stringent BS VI norms take effect
The world's largest carmaker, Toyota, is evaluating options to introduce a diesel version of its small car to be launched in the Indian market by 2011.
The 2-door vehicle may finds its way back in India with the launch of the all-new Thar by Mahindra and Mahindra, says Rajesh Karkera.
Her reasoning is simple, "It's a Tata company. No shareholder will let go of this opportunity," she told Business Standard. When asked if the other reason for lining up for the IPO is the technology sector and the fact that the combination of Tata and tech is happening after almost two decades, she replied: "The name of the company and the group matter. Tata means stability and credibility," she added.
In an aggressive bid to double its sales and garner 20 per cent market share in India, Skoda Auto will launch seven models and variants in the next one year, a top company official today said.
It is thanks to the policy of liberalisation conceived by Manmohan Singh and enforced by P V Narasimha that the Indian economy has now become the world's 5th largest economy by nominal GDP, asserts Dr Sudhir Bisht.
A-Star, Suzuki's new world car that will be made only by its Indian subsidiary, Maruti Suzuki India, will have four different names in markets across the world, which will indicate the role it is expected to play in the Japanese car maker's stable as well as of compatriot Nissan Motor.
Two in every five Celerios being sold by Maruti are now equipped with the AMT technology.
Maruti Suzuki continues to dominate the Indian automobile market with its best-selling cars like Alto, WagonR and Swift. Maruti Alto has maintained its position of India's best-selling model.
It's just the second month of the New Year and already there have been a number of car launches and upgrades.
Maruti's Alto retained the top position in June with 14,856 units, as against 15,750 units in June last year.
Italian luxury sports car maker Maserati on Wednesday announced its foray into the Indian market with its complete range of cars. The price ranges from Rs 1.2 crore (Rs 12 million) and Rs 1.43 crore (Rs 14.3 million) [ex-showroom, New Delhi].
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.
Old ideas contained in the heads of old economists still dominate. That's not good, asserts T C A Srinivasa Raghavan.
The rentals start from Rs 50 an hour for a small hatchback
Customers have started to factor in the narrowing gap between petrol and diesel and the premium that needs to be paid for a diesel vehicle.
Nearly 9 out of 10 ultra-high-net-worth individuals in India saw an increase in wealth during in 2022, and the super rich expect their wealth to grow further this year, according to a Knight Frank survey. In its latest 'The Wealth Report: Outlook 2023', real estate consultant Knight Frank has revealed the findings of the global survey. Among Indian respondents, the consultant said 88 per cent saw a rise in UHNWI's (ultra-high-net-worth individuals) wealth in 2022.
It was not only a treat for car manufacturers as their sales figures rose, but also for the car buyers who were spoilt for choice.
Toyota Motor Corporation, one of the world's biggest automakers, on Thursday set the ball rolling for a compact car for the Indian market by laying the foundation stone for a Rs 1,400-crore (Rs 14 billion) factory near Bangalore.
Can Ford take on the market leader with its aggressive pricing? Find out...
The addition of the AMT will draw in a considerable number of customers because a lot of people want an automatic with ever-increasing traffic and since Tata is offering the AMT with both petrol and diesel engines, it makes good sense for customers to consider this compact SUV.
Maruti's exports are limited and mainly to countries in Africa and Latin America.
Buoyed by strong sales, Maruti Suzuki, Hyundai and Honda have scaled up their annual targets, but others are still stuck in low gear
Overseas shipments at auto firms expanded at a brisk pace year-on-year (YoY) in March, bumping up the overall annual exports for FY22 and taking it to a record level for some like Maruti Suzuki India and Bajaj Auto. Amid a semiconductor shortage, a depreciating rupee and a strong demand in various export destinations, passenger vehicle makers diverted capacity meant for the local market in favour of the more-lucrative export market. Among the passenger vehicle makers, market leader Maruti Suzuki led the rally with its overseas shipments touching a record level of 238,376 units in FY22 - the highest for the company in any financial year.
With more and more Indians buying automobiles on the back of a rise in income and easy loans, car majors too are launching newer models to offer a wide choice to prospective customers.
There is another common trend among these three players - they are all registering a volume decline in a market that is expanding at over 8 per cent
While Mercedes-Benz India expects 25 per cent of its India sales to come from EVs in the next four years, BMW says it estimates around 10 per cent of sales to come from those in the near future.
