Page 2 - Cars
Siam to address soaring inventory concerns in executive committee meeting
As inventory levels have surged to a high of 67-72 days, equating to Rs 73,000 crore worth of stock, the situation is raising alarms about the financial stability and sustainability of dealerships
India may lead global growth in light-vehicle production: S&P Global
As of 2023, India is the fourth-largest light vehicle producer with 5.4 million vehicles, upstaging Germany (4.3 million) and South Korea (4.2 million)
Delhi govt raises pollution under control certificate fees after 13 yrs
The revised fees for pollution under control certificates are Rs 80 for two and three-wheelers running on petrol, CNG, or LPG; Rs 110 for four-wheelers and larger vehicles using petrol, CNG, or LPG
Salaried professionals drive up sales of pre-owned cars in Q2 of 2024
The most popular car models among buyers included the Hyundai Grand i10, Maruti Suzuki Swift, and Baleno
Tata Motors drives Tata group companies' finances to new high in FY24
Tata Motors' consolidated net profit was up more than 1,200 per cent to Rs 32,203 crore in FY24 from the Rs 2,351 crore in FY23
Maruti Suzuki India sees 2% drop in sales to 174,551 units in May
Maruti Suzuki India on Saturday reported 2 per cent year-on-year dip in total wholesales at 1,74,551 units in May 2024. The company had dispatched a total of 1,78,083 units to its dealers in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle sales rose marginally to 1,44,002 units last month from 1,43,708 units in the year-ago period, it added. Sales of mini segment cars, comprising Alto and S-Presso, declined to 9,902 units from 12,236 units in May 2023. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, also fell to 68,206 units from 71,419 units in the year-ago month. Utility vehicles, including Brezza, Grand Vitara, Ertiga, S-Cross and XL6, clocked sales of 54,204 units last month as against 46,243 units earlier. Sales of vans were at 10,960 units in May 2024 as against 12,818 units a year ago, while that of light commercial vehicle Super Carry stood at 2,692 units as against 2,888 un
Hyderabad man spends Rs 25 lakh on fancy number plate: What it'll cost you
Often referred to as 'VIP' numbers, fancy registration numbers are chosen for their unique combinations or sequences of digits and alphabets
Mahindra XUV 3XO bookings to start tomorrow; check features, safety, price
Mahindra XUV 3X0 will start accepting bookings tomorrow, days after being launched in India. The bookings will officially begin on May 15. Here's all you need to know
Toyota Motors to get an earnings lift from hybrids as EV hype cools
As global demand for battery-powered EVs has slowed, Toyota has cashed in by selling more hybrids, which come with relatively higher margins than regular gasoline cars
Car dealers may have to pay 18% GST on sale of demonstration cars
The ruling has evoked sharp criticism from experts who say it may lead to litigation
Why future of cars does not look electrified
Electric cars, despite a goods and services tax (GST) rate of 5 per cent, are a shade above 2 per cent of all cars sold
German carmaker Volkswagen to tap demand for performance-oriented vehicles
Bullish on the growth of the sub-segment, he said it has been fuelled by how the customer preferences are evolving over a period of time
Vehicles with Apple's next-generation CarPlay system set to arrive in 2024
Previewed at its WWDC in 2022, the next-generation Apple CarPlay is said to be an all-round in-car software solution with deep integration with the vehicle and more personalisation options
A self-driving car ride
Autonomous vehicles are not just the future but a present reality
Northern Railways helps Maruti export Jimny cars to African countries
Maruti Suzuki India has collaborated with Delhi Rail Division of Northern Railway to transport its Jimny cars to western ports through freight trains, which will be further transhipped in vessels to African nations, an official statement said. According to the statement, Sukhvinder Singh, Divisional Railway Manager, flagged off the first freight train with 98 cars on Tuesday from Farukhnagar station in Gurugram to Pipavav Port (West Coast) in the presence of the senior officials of Maruti as well as Delhi Rail Division. "Delhi Division, Northern Railway has become the preferred partner of Automotive Industries and in a major boost to increase export of automobile, M/s Maruti Suzuki India Limited is now transporting Maruti Cars of Jimny model to Western ports, which are further being transhipped in vessels to African nations. "The first rake was loaded on January 23, 2024, from Farukhnagar station to Pipava Port. The rake composition consists of 25 NMG (New Modified Goods) type ...
Honda Cars India domestic sales rise 12% to 7,902 units in December
Honda Cars India Ltd on Monday reported a 12 per cent rise in domestic sales at 7,902 units in December as compared to 7,062 units units in the same month a year ago. Exports stood at 3,749 units last month as against 1,388 units in December 2022, Honda Cars India Ltd (HCIL) said in a statement. "The sales momentum in December has been extremely positive for us in both factory despatches and retail as our network maximised the deliveries for the new SUV Elevate to our customers," HCIL Director, Marketing and Sales, Yuichi Murata, said. He said the company is looking forward to 2024 "with tremendous positivity and optimism" with strong sales momentum and growing market potential, backed by a robust business plan.
Xiaomi to reveal cutting-edge EV technology on December 28: Details here
Xiaomi is planning to make its first set of cars by the first half of 2024. The company has been actively hiring experts from around the world to advance in-house autonomous driving technology
India's light vehicle market fastest growing among top 10 markets: S&P
Auto sales in India reached a record high of 3.8 million units in the FY23, surpassing the pre-Covid peak of 3.3 million units seen in FY19
Audi India raises prices of vehicles by 2% from Jan 1 on rising input costs
Audi India registered an 88 per cent growth and has retailed 5,530 units in the first nine months of this year
Audi India to hike prices of vehicles by up to 2% from January 2024
German luxury car maker Audi on Monday said it will hike prices of its vehicles in India by up to 2 per cent from January next year citing rising input and operational costs. The price hike will be effective from January 1, 2024 and will be across the model range, Audi India said in a statement. "Due to rising supply-chain-related input and operational costs, we have effected a price correction across our model range, maintaining the brand's premium price positioning," Audi India Head Balbir Singh Dhillon said in a statement. He further said, "the price correction aims to ensure sustainable growth for Audi India and our dealer partners, and we will ensure that the price hike's impact is as minimal as possible for customers." Audi India sells a range of vehicles from Q3 SUV to sports car RSQ8 priced between Rs 42.77 lakh and Rs 2.22 crore.
