Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023-24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. The top-gear performance of auto stocks at the bourses, according to A K Prabhakar, head of research at IDBI Capital, has been triggered by the premiumisation of products across vehicle manufacturers, which has seen vehicle sales remaining relatively stable. "It is not about higher sales figures now, but about premiumisation.
Compact SUVs have caught fancy of Indian buyers as they have all features of a full-fledged SUV - higher ground clearance, spacious, and high seats.
In June, the new government led by Narendra Modi extended the excise duty concession by six months to December 31, which is not being further extended.
The 2015 Toyota Fortuner is just a minor update.
The self-styled Sikh preacher managed to give police a slip after changing his vehicle on Saturday when police had launched a crackdown against him and his outfit 'Waris Punjab De'.
Delhi police sources on Sunday said a team of the crime branch in a joint operation with the Rajasthan police nabbed the duo from Chandigarh's Sector 22.
Upcoming 2012 Delhi Auto Expo will be special this time.
Mitsubishi Motors will be strengthening its position in the high growth sports utility vehicle market by launching the all-new Outlander in early 2008.
The base variant of Rio will be priced at Rs 5 lakh (Rs 500,000), making it 30 per cent cheaper than its nearest competitor and the launch will take place this month after Diwali.
A video of the 71-year-old Muthappa, a publisher by profession, holding on to the speeding two-wheeler precariously on a road stretch has gone viral, creating a sense of outrage.
138 members of Bharat Scouts and Guides from West Bengal, mostly aged between 10 and 15 years, braved their way back to New Jalpaiguri railway station from Sikkim before heading home to Barrackpore near Kolkata to narrate their harrowing experience.
Five persons were killed when a deputy superintendent of police lost control over his SUV near Pune on Monday evening, police said.
In an interview to the Boston Globe, Watertown Police Chief Ed Deveau claimed that Dzhokhar ran over his brother on his stolen SUV when the police was about to handcuff and arrest him on Thursday night after exchange of fire. His autopsy report has not come in yet.
Government policies and other uncertainties are holding it back from setting up a new diesel engine plant and launching more hybrids.
The cess collected on cars as also tobacco and coal will be used to compensate the revenue loss of states by implementing GST.
The Renault Duster is available as a two-wheel drive model only, with a few interesting engine options.
"We are expecting to launch the high-premium SUV 'Outlander' by this year itself in the Indian market and it would be placed between Mitsubishi's Pajero and Montero," company's Executive Vice-President Y V S Vijay Kumar told reporters here on the sidelines of HM's tie-up with Pune-based Opulent Auto Care.
Retail sales of automobiles in the domestic market saw a 7.73 per cent year-on-year decline in October this year at 21,17,596 units, mainly due to dip in two-wheeler uptake with the inauspicious period of Shraddh affecting new purchases, the Federation of Automobile Dealers Associations (FADA) said on Monday. Retail sales of automobiles in the domestic market stood at 22,95,099 units in October 2022, FADA said in a statement. Two-wheeler retail sales were at 15,07,756 units last month, as against 17,25,043 units in the year-ago period, down 12.60 per cent, as per the latest data by FADA.
Right now, MPVs along with SUVs comprise about 15 per cent of the entire passenger car market in India.
Punjab Police expanded their search for Amritpal Singh on Friday to 'deras' and other possible hideouts of the fugitive preacher in Hoshiarpur district, where some suspects had abandoned their car following a chase three days ago.
The country's largest carmaker Maruti Suzuki India will not "walk away" and fight to get back to 50 per cent market share in the domestic passenger vehicle segment, according to company Chairman R C Bhargava. The auto major, which is commemorating 40 years of operations, has seen its market share drop to 43.38 per cent in FY22 from a peak of 51.21 per cent in FY19. In order to get back its dominant leadership, the company plans to drive in models catering to both urban and smaller cities and rural areas.
Several manufacturers such as Mahindra
Legislators in Jammu and Kashmir will soon be travelling in brand new sports vehicles following the PDP-BJP government ordered 100 new Mahindra Scorpio S10 BS4s for them at a whopping cost of over Rs 11 crore.
The Mercedes G-class was developed as a military vehicle on suggestion by the Shah of Iran.
Bhartiya Kisan Union-Tikait leader Dilbag Singh, a witness in the Lakhimpur Kheri violence case, was allegedly attacked by two unidentified men in Lakhimpur Kheri, the police said on Wednesday.
Maruti Suzuki India (MSI) and Hyundai posted single-digit growth in domestic sales in June, even as the overall passenger vehicle segment crossed the 20 lakh units sales mark for the first time-ever in the first half this year. Toyota Kirloskar Motor reported a double-digit growth in dispatches to dealers, while Kia saw a dip in wholesales last month. MG Motor India also reported a double-digit increase in retail sales in June 2023 compared to the same month last year.
Five policemen were injured on Saturday after a stationary police van was hit by a speeding sports utility vehicle in Mumbai's Powai suburb.
'We will see a lot of investments from the private sector.' 'As long as we are not impacted by some global events, I think we will be in a strong place.'
Jayesh Prajapati, a Shell gas station attendant in Toronto, died after being struck by a vehicle on September 15.
The Supreme Court on Wednesday had granted eight-week interim bail to him in the 2021 Lakhimpur Kheri violence which claimed eight lives.
The SUV segment is showing good momentum, enough to attract new players.
It plans to recall another 700 EcoSport vehicles made between January and February 2016 and fitted with a 60/40 rear folding seat
Maruti Suzuki, Hyundai and Tata Motors reported their highest-ever dispatches to dealers last fiscal, enabling the domestic passenger vehicle industry to log in best-ever performance to date. The country's largest carmaker Maruti Suzuki India reported its highest wholesales to date at 19,66,164 units, up 19 per cent from 16,52,653 units in 2021-22. Its domestic dispatches rose to 17,06,831 units in 2022-23, up 21 per cent from 14,14,277 units in 2021-22 fiscal.Hyundai Motor India said its overall wholesales last fiscal were the highest ever since commencing operations in the country.
Former India pacer Praveen Kumar and his son had a narrow escape when his SUV collided with a trailer truck
Let's take a closer look at this $1 million SUV.
The additional sessions judge said there are 208 prosecution witnesses, 171 documents and 27 forensic science laboratory (FSL) reports in the case.
Indian Oil, which has an over 60 per cent share of fuel sales in Punjab, has observed a 14.18 per cent jump in diesel sales between January 1 and 17.
Garners 6,000 bookings on pre-launch and now has a two-month waiting period.
The current Explorer and Explorer Sport Trac models are built at the companys Louisville assembly plant in Kentucky.
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