The previous May peak was observed in 2018 when the domestic PV wholesales stood at 301,238 units.
Maruti Suzuki India and Hyundai reported single-digit sales growth in July with the sports utility segment continuing to drive overall demand in the market. Mahindra & Mahindra witnessed a 29 per cent increase in passenger vehicle dispatches while Tata Motors saw a marginal increase in the wholesales last month. Maruti Suzuki on Tuesday said its total domestic passenger vehicle sales stood at 152,126 units last month as compared to 142,850 units in the year-ago month, a growth of 6 per cent.
Toyota Kirloskar Motor (TKM) on Tuesday said the labour strike at its Bidadi-based manufacturing plant in Karnataka has come to an end. In November last year, the automaker had to declare a lockout at the facility following workers' union members resorting to a sit in strike at the factory premises to protest against the suspension of a worker.
Consumer sentiments have been dampened due to several factors like tight liquidity, high insurance, and high costs
The company said that as it expands in India, the team needs to take new roles and responsibilities.
Mechanically, the car is based on the Liva and sports the same running gear. However, the visuals of the hatchback have been tweaked to give it a rugged appearance.
There would be a new top-end variant called the Z, which will cost Rs 17.5 lakh.
Bengaluru's manufacturing sector has in the past few years witnessed one of its worst phases, thanks to labour unrest in the region's industrial hub.
Toyota Kirloskar Motor (TKM) on Wednesday launched new version of its premium sedan Camry Hybrid in the country priced at Rs 41.7 lakh (ex-showroom). The sedan now comes with a new front bumper, grille and alloy wheels, a floating type bigger 9-inch infotainment system, among others. Further, the self-charging hybrid electric sedan is now available in a new exterior colour of Metal Stream Metallic in addition to the existing colours of Platinum White Pearl, Silver Metallic, Graphite Metallic, Red Mica, Attitude Black, and Burning Black.
The campaign is for Corolla Altis Diesel manufactured between August 3, 2012 and February 14, 2013.
"We see high market potential with growing population of Indian middle class families aspiring for more advanced features like safety, space, luxury and comfort," Toyota Kirloskar Motor's MD Akito Tachibana told reports at the Auto Expo in Greater Noida last week.
The company is currently celebrating the first anniversary of its Camry Hybrid in India during which it has sold 541 units
Passenger vehicle wholesales in India rose to a record high in October as companies pushed dispatches to dealers to cater to the enhanced demand in the festive season. The overall passenger vehicle wholesales in October rose to 391,472 units, up 16 per cent from 336,679 units in the same month last year. Last month witnessed the highest-ever dispatches of passenger vehicles in the domestic market by Maruti Suzuki India and Mahindra & Mahindra.
The new cars, which have undergone over over 100 changes, were spotted at a dealer's showroom.
Seven manufacturers together post a 15% decli#8800 M&M, Ford and Honda buck trend.
M&M also saw its domestic passenger vehicle sales grow by 1 per cent, while Toyota Kirloskar Motor witnessed a decline in its PV sales.
The country's leading automakers Maruti Suzuki and Hyundai Motor reported a decline in dispatches to dealers in March as shortage of electronic components impacted production. On the other hand, Tata Motors, Skoda and Kia India posted their highest ever monthly wholesales last month. Toyota Kirloskar Motor said its dispatches in March were the highest in the last five years while Mahindra & Mahindra also reported a robust increase in its passenger vehicle dispatches in March.
India's latest batting sensation Virat Kohli on Thursday said Sachin Tendulkar deserves country's highest civilian award -- the Bharat Ratna.
Hit hard by rupee depreciation, automobile companies including Toyota and General Motors, are keeping options open to increase prices of their vehicles.
Benchmark equity indices Sensex and Nifty closed higher on Friday after two days of fall, helped by buying in metal, telecom and auto stocks amid a firm trend in global markets. Automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra reporting robust wholesales of passenger vehicles and GST collections crossing Rs 1.50 lakh crore for the third straight month in May also added to the optimism. The 30-share BSE Sensex climbed 118.57 points or 0.19 per cent to settle at 62,547.11.
Firms are enthused at passenger vehicle numbers but high interest rates a problem.
The is expected to cost about Rs 35 lakh.
Maruti Suzuki, riding on the success of models like Swift, Estillo and Dzire, posted a growth of 3.4 per cent over the same period in the previous fiscal.
Automobile manufacturers are offering freebies, ranging from gold coins and LED televisions to record discounts, to push petrol vehicle sales.
Buzz around Innova Aero and cheaper multi-utility brands of competitors make the going tough for Evalia in a crowded market.
Your plans to bring home a dream vehicle may just have become a little more distant, with automobile manufacturers considering price increases to offset the impact of higher excise duty levied in the Union Budget.
The company has launched the new version of Etios at a price range of Rs 545,000 and Rs 708,000 for the petrol variant and Rs 670,000 and Rs 815,000 (ex-showroom Delhi) for the diesel variant.
Toyota is working on developing six subcompact cars as part of its global strategy to increase volumes in emerging markets over the next four years.
Toyota is working on developing six subcompact cars as part of its global strategy to increase volumes in emerging markets over the next four years.
The country's largest carmaker Maruti Suzuki India on Thursday said it will increase the prices of its vehicles across all models by up to Rs 20,000 from January due to increasing pressure on its margins due to currency fluctuation. Honda Cars India and Volkswagen India said they, too, are contemplating the same.
Hero MotoCorp, Honda Motorcycles, Scooters India, TVS, Honda India, Toyota Kirloskar Motor, Ford, Nissan, Ashok Leyland are all giving the Auto Expo a miss this time.
Dynamics of auto business will change if the government ends diesel subsidy to passenger vehicles.
Speaking to reporters after flagging off Etios exports to South Africa for the first time, Sandeep Singh, deputy managing director (marketing), said so far the Camry had been imported.
Automaker Toyota Kirloskar Motor (TKM) on Tuesday said it will increase prices of its entire model range by up to 2 per cent with effect from October 1 in order to partially offset the impact of rise in input costs. The company, which is a joint venture between Japan's Toyota Motor Company and Kirloskar Group, sells a range of vehicles including Innova Crysta and Fortuner in the domestic market. The company will realign the prices of its models, with effect from October 1, 2021, TKM said in a statement.
Only 1,200 exclusive units of the Innova Aero will be on sale till December, 2012, it said.
Toyota Kirloskar Motor's (TKM) plan to set up a diesel engine plant is held up as it is unable to convince its Japanese parent because of the lack of clarity in pricing policy of the fuel in India.
We are upbeat on the opportunities in India, says Vikram Kirloskar.
Japanese carmaker Toyota is recalling 41,000 units of its sedan Etios and small car Liva in India to replace faulty inlet pipe to fuel tank.
The global semiconductor shortage hit passenger vehicle sales in September, with major manufacturers like Maruti Suzuki, Hyundai and Mahindra & Mahindra reporting a decline in sales on Friday. Kia India and Honda Cars also reported a dip in wholesales last month as compared with the year-ago period. Carmakers like Tata Motors, Toyota Kirloskar Motor, Nissan and Skoda, however, reported an increase in passenger vehicle dispatches last month despite supply chain issues.
Most auto companies posted positive reults, while others saw a dip due to high interest rates, high fuel prices and other factors.
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