Automobile Dealers

The Maruti Suzuki's e-Vitara electric vehicle (EV) is expected to fuel long-term growth, especially with strong export potential, analysts said.

Riding on the back of new launches, major carmakers reported positive sales growth in Calendar Year 2024

In South Korea, Hyundai Motor Co. and Kia Corp.'s moves toward electrification are provoking similar anxieties in that country's highly active and organised labour movement

Company say it is passing on benefits of reduced battery prices, keeps Punch cost unchanged

Pre-owned luxury car seller Big Boy Toyz on Wednesday said it aims a topline of Rs 600 crore in the coming financial year, with one-third of this revenue coming from Karnataka. The company also announced the opening of its first dealership in Bengaluru and the fifth overall in India on Wednesday, which would offer an extensive range of high-end luxury brands including Audi, BMW, Mercedes-Benzes, Bentley, Rolls-Royce and Porsche. Till now, the company was retailing the pre-owned cars online in the state. Besides, Bengaluru, Big Boy Toyz (BBT) has outlets in Delhi, Mumbai, Hyderabad and Ahmedabad as well. The opening of an outlet in Bengaluru is not just an expansion but a significant step towards a revenue target of Rs 600 crore in FY25, Big Boy Toyz said in a statement. The company is expecting to close the current fiscal at a revenue of Rs 400 crore, as per the statement, adding that its digital business in Bengaluru has already surpassed the Rs 100-crore mark. The new showroom

"After maintaining a growth rate of over 60 per cent in the last three years, the Group projects similar favourable growth in the upcoming year," said the company

Notably, to address the concern of the rapid rise in unsecured consumer loans, the RBI increased the risk weight on consumer credit

The country's largest passenger car maker Maruti Suzuki India (MSIL) agreed that inventory levels are inching up in some models

This substantial growth was primarily fuelled by five high-value deals, each surpassing $100 million

Kia, which topped the survey in 2022 and 2021, slipped to fifth place in this year's assessment

FADA calculates the festival season from the first day of Navratri to 15 days after Dhanteras

In August, PV wholesales were at an all-time high at 360,897 units, beating the previous peak of 355,400 units in September 2022

Tata Motors' diversification into multiple electrified models, which are priced on average Rs 3-3.5 lakh higher than traditional internal combustion engine models, has increased profit margins

This improvement would fuel growth in an already healthy passenger vehicle category, the automobile dealers' body said

Toyota Kirloskar Motor (TKM) on Wednesday reported a 175 per cent growth in vehicle sales at 12,835 units in January. The company had sold 7,328 units in the year-ago period, Toyota Kirloskar Motor said in a statement. "Even with a month-on-month strong growth of 175 per cent, we anticipate customer demand to gain further momentum in this year," Atul Sood, vice president, sales and strategic marketing at TKM, said. The carmaker had announced opening of bookings for its Hilux and the Innova Crysta models besides announcing the prices of the CNG variants of its Urban Cruiser Hyryder. The company has commenced dispatches of its Hycross SUV and is making efforts to meet the growing demand for the vehicle in the country, he said and added that its Urban Cruiser Hyryder also continues to witness healthy demand. In addition to this, the company's flagship models -- Camry, Fortuner, Legender and Vellfire -- also continue to garner good orders, he added.

India's Tech Mahindra reported a fall in third-quarter profit on Monday, hurt by higher expenses and a subdued performance by its communications division

With increasing congestion across cities in India, Maruti Suzuki India expects sales of its vehicles with auto gear shift to pick up further next year, according to company Senior Executive Officer, Marketing & Sales Shashank Srivastava. The company had introduced the auto gear shift (AGS) technology that relieves drivers from manually changing gears using the clutch, for the first time in 2013-14 on its hatchback Celerio. It has cumulatively sold 7.74 lakh units of such vehicles across its portfolio so far. "After we introduced AGS, slowly we have expanded it in so many of our models. We do believe that with increased congestion, especially in urban areas, AGS is a further addition to the ease of driving. So we believe technology will pick up even further," Srivastava told PTI. The company has nine models -- Celerio, Alto K10, WagonR, Dzire, Ignis, Swift, Brezza, S-Presso and Baleno -- which come with the AGS option. In terms of AGS penetration, he said, "It varies between 12 per

Electric car company Tesla's shares tumbled further to around $137 apiece, its lowest ever, as Elon Musk on Wednesday again blamed global macroeconomic conditions

While Toyota Motor Corp. and Volkswagen AG vie each year for pole position atop the global automobile industry, Hyundai has quietly slipped in behind them, surpassing General Motors Co., Nissan Motor

BMW Motorrad, the two wheeler division of the German luxury car maker, expects sales to grown in double digits next year as well as it remains bullish on the long term growth prospects of the country. The company, which sells a range of motorcycles in the country, is looking to cross the 7,000 unit sales mark this year. With sales volume this year till November having already crossed the 6,000 units mark, a growth of around 40 per cent as compared to same period last year, BMW Motorrad India has for the first time entered the top ten markets for the brand globally. The company had sold 5,191 units in the country last year. "I am absolutely certain of that," BMW Motorrad Head of Region Asia, China, Pacific & Africa Markus Mueller-Zambre told PTI when asked if the company would be able to achieve double digit volume growth in 2023. In order to continue with sustainable growth in the market, the company has realigned its strategy a bit to reflect on the measures it needs to take to .