'We are seeing one of the highest discounts in recent years across companies.' 'October is a crucial month with several festivals coming up.'
Bharat Forge, world's second largest forgings company, will supply products to the US operations of Japanese auto giants Toyota and Honda.
Offered with a 1.8-litre petrol and a 2.0-litre diesel option, the Elantra had a lot going for itself -- decent performance, good space, fairly reasonable dynamics and a good price tag.
With cars like the Toyota Corolla and the Honda Civic selling in very small numbers and potentially even being phased out, the Octavia has very little competition, says Pavan Lall.
Rebuilding the country will push the prices of commodities and also result in a pull-back of capital.
Say lower duties could enhance demand.
Three models from Maruti Suzuki, as well as models from Mahindra-Renault, Chevrolet, Toyota and Honda have got top rankings in their respective segments in a survey for new-vehicle design and performance in India, according to J D Power Asia Pacific 2007 India Automatic Performance, Execution and Layout Study (APEAL) released on Wednesday.
Toyota and Honda of Japan, and the US auto major Ford are ramping up their sales and distribution networks as they gear up to launch small cars.
With entry-level cars being preferred amid the pandemic, market leader Maruti Suzuki has strengthened its hold, along with Hyundai Motor India.
Major automakers, including Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Kia, Toyota and Honda, on Thursday reported healthy growth in passenger vehicles sales in June, recovering from the disruptions induced by the second wave of COVID-19. The country's largest carmaker Maruti Suzuki India (MSI) posted total sales of 1,47,368 units in June, up from 46,555 units in May. Its domestic dispatches to dealers last month stood at 130,348 units, up from 35,293 units in May, as easing of COVID-related restrictions helped the auto major to dispatch more units to dealerships.
From Hyundai to Tata Motors, automakers are staring at a bleak future. With no succor provided in the Budget, the pain for companies is likely to continue for the next two quarters.
Car makers see a dip in demand from their biggest buyers, Ola and Uber. Demand from aggregators weakened for a number of reasons after a strong growth last year.
While hybrids, CNG and biofuels found favour in 2018 among many carmakers including Maruti Suzuki, Mercedes-Benz, Toyota and Honda, others such as M&M and Tata Motors have shown full faith in electric vehicles.
What worked for Hyundai in India when so many other auto manufacturers have had to eat humble pie? Pavan Lall finds out.
'We have had 27 years of liberalisation and in the same period Korea and Japan and China transformed themselves forever,' says Aakar Patel.
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