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Indian Car Market

Hyundai introduces new variants, features upgrades for popular models

The new offerings come at a time when Hyundai has recorded its highest-ever yearly domestic sales of 6,05,433 units

Hyundai introduces new variants, features upgrades for popular models
Updated On : 08 Jan 2025 | 10:08 PM IST

Indian car buyers prefer physical dealerships over online platforms: Survey

Majority of car buyers in India still prefer making their purchase decisions through physical dealerships, with digital platforms increasingly complementing the overall acquisition process, according to a survey. The findings of a global study conducted by Urban Science involving over 9,000 people across the US, Germany, UK, China, India, and Mexico, revealed that most Indian buyers still predominantly prefer purchasing vehicles through a traditional dealership in person, with trust and relationship-building playing pivotal roles. According to the survey, nearly 9 out of 10 car buyers in India are more inclined to visit a physical dealership, highlighting the critical importance of in-person visits in shaping their overall buying behaviour, it stated. The survey highlighted that India provides a compelling blueprint for balancing the rising digital demand with a deeply rooted, trust- driven car-buying culture. For Indian car buyers, tradition is not merely nostalgic it's a trusted

Indian car buyers prefer physical dealerships over online platforms: Survey
Updated On : 23 Dec 2024 | 1:12 PM IST

WagonR turns 25: 3.2 mn sales keep Maruti's 'tall boy' on top in India

The model has enjoyed strong demand from both the fleet market and private buyers, maintaining its position as India's bestselling car for the last three years

WagonR turns 25: 3.2 mn sales keep Maruti's 'tall boy' on top in India
Updated On : 19 Dec 2024 | 2:54 PM IST

From Hyundai to BMW, here's how costly cars will get from January 2025

Rise in material cost, rising operational cost, freight charges, increase in wages and forex volatility are some of the major reasons cited by carmakers

From Hyundai to BMW, here's how costly cars will get from January 2025
Updated On : 19 Dec 2024 | 2:28 PM IST

Style, safety drive preference for premium features in cars

A Tata Motors dealership in the eastern suburbs of Mumbai said panoramic sunroofs and safety ratings are key demands from customers

Style, safety drive preference for premium features in cars
Updated On : 21 Nov 2024 | 1:54 AM IST

China's new-age automakers live-stream to interact with potential customers

"If you're not livestreaming these days you're kind of a dinosaur," said Mark Tanner, managing director of Shanghai-based marketing firm China Skinny

China's new-age automakers live-stream to interact with potential customers
Updated On : 24 Jun 2024 | 7:41 AM IST

M&M May wholesales surge 17% to 71,682 units, exports increase 2%

Mahindra & Mahindra on Saturday said its total wholesales increased 17 per cent year-on-year to 71,682 units in May. The company's total dispatches to its dealers stood at 61,415 units in May 2023. The Mumbai-based auto major's passenger vehicle sales in the domestic market rose 31 per cent to 43,218 units last month against 32,886 units in May 2023, it said in a statement. Exports rose 2 per cent year-on-year to 2,671 units last month from 2,616 units in May 2023. Mahindra's Farm Equipment Sector (FES) reported 9 per cent increase in total tractor sales at 37,109 units as against 34,126 units for the same period last year. "Coupled with timely arrival of southwest monsoon in Kerala and northeast states and forecast of an above normal monsoon has improved the on-ground sentiments of farmers," Mahindra & Mahindra President, Farm Equipment Sector Hemant Sikka said. Land preparation activities for Kharif crops are expected to begin on time, which is likely to boost tractor ...

M&M May wholesales surge 17% to 71,682 units, exports increase 2%
Updated On : 01 Jun 2024 | 12:41 PM IST

Maruti Suzuki eyes export of 300,000 units in FY25, 800,000 by 2030

On the back of record exports last fiscal, Maruti Suzuki India is confident of its overseas shipments crossing 3 lakh units in FY25 as part of gradual scaling up to meet the target of up to 8 lakh units by 2030, according to a senior company official. The company plans to launch more models in its various export markets that span over 100 countries while also enhancing distribution network, having taken best practices from India such as making bank finance available at dealerships, strengthening service facilities and parts availability to the export markets. "Till about three years ago our exports were in the range of 1 to 1.2 lakh cars a year. Both as a national vision and as a business ambition, we decided to scale up drastically and from those levels and in 2022-23 we reached about 2.59 lakh units exports and in 2023-24 we completed 2.83 lakh," Maruti Suzuki India Executive Director Corporate Affairs Rahul Bharti told PTI. He further said, "The interesting part of this is that i

Maruti Suzuki eyes export of 300,000 units in FY25, 800,000 by 2030
Updated On : 07 Apr 2024 | 11:50 AM IST

Bullish on India; luxury car penetration expected to remain low: Audi

German auto maker Audi is bullish on India but believes that till the time high taxes rationalise to a lower level, penetration of luxury cars in the country will continue to remain low compared to South East Asian countries, according to a senior company official. Audi expects growth of the luxury car market in India to moderate to low double digits in 2024 compared to around 25 per cent in 2023. "The overall car industry is growing, as well as the luxury segment is growing. Last year was one of the biggest numbers that the industry could achieve, which is also in line with the overall growth of the country," Audi India Head Balbir Singh Dhillon told PTI. He further said, "(India's) GDP is growing, all the parameters that you see for the growth of automotive industry is showing an upward direction. So we believe we are in the right space at a good time and it's time for India and we will continue to grow as well." Dhillon was responding to a query on how Audi is looking at India a

Bullish on India; luxury car penetration expected to remain low: Audi
Updated On : 06 Feb 2024 | 11:17 AM IST

Volvo Car India to hike prices up to 2% from Jan due to rising input costs

Volvo Car India on Thursday said it will increase prices up to 2 per cent from January 1, 2024. The decision to raise prices is on account of rising input costs and volatile foreign exchange rates, the automaker said in a statement. "The decision to adjust prices is in response to evolving market dynamics, forex exchange rate fluctuations, and rising input costs," Volvo Car India MD Jyoti Malhotra said. The price hike aims to maintain a crucial balance, ensuring the continued delivery of high standards and the best driving experiences and reaffirming Volvo's commitment to uncompromised quality and safety, Malhotra added. Volvo established its presence in India in 2007 and currently markets products through 24 dealerships in the country.

Volvo Car India to hike prices up to 2% from Jan due to rising input costs
Updated On : 14 Dec 2023 | 12:56 PM IST

Maruti Suzuki November sales: Total sales up 3.39%, SUV sales rise 50%

The mid-sized sedan, Ciaz clocked just 278 units last month as compared to 1,554 units in November 2022

Maruti Suzuki November sales: Total sales up 3.39%, SUV sales rise 50%
Updated On : 01 Dec 2023 | 3:00 PM IST

Motown stares at fresh round of reset in season of electric vehicle rush

Failed to meet earlier target, many firms shifting focus to exports from India

Motown stares at fresh round of reset in season of electric vehicle rush
Updated On : 15 Nov 2023 | 12:55 PM IST

GoMechanic 2.0: New Founders secure $6 mn funding from marquee investor

A brainchild of four friends -- Kushal Karwa, Amit Bhasin, Rishabh Karwa and Nitin Rana -- the original GoMechanic firm was founded in 2016

GoMechanic 2.0: New Founders secure $6 mn funding from marquee investor
Updated On : 08 Nov 2023 | 11:35 PM IST

Aston Martin to double its volume with new South India dealership

Aston Martin's decision to expand its footprint in South India reflects a strategic choice, due to the region's growth in the sports car segment

Aston Martin to double its volume with new South India dealership
Updated On : 01 Nov 2023 | 1:32 PM IST

Suzuki eyes exporting India-made EVs to Japan as early as 2025: Report

The production line would also make gasoline-powered cars and would reach an expected capacity of 250,000 units a year, the newspaper added

Suzuki eyes exporting India-made EVs to Japan as early as 2025: Report
Updated On : 18 Oct 2023 | 5:36 PM IST

Citroen C3 Aircross launched at an introductory price of Rs 9.99 lakh

Strap: The C3 Aircross is powered by a 1.2-litre turbo-petrol engine that returns 110hp and 190Nm of peak torque which comes mated with a six-speed manual gearbox

Citroen C3 Aircross launched at an introductory price of Rs 9.99 lakh
Updated On : 15 Sep 2023 | 6:24 PM IST

Nitin Gadkari to launch Bharat New Car Assessment Programme tomorrow

The programme aims to provide a tool to the car customers to make a comparative assessment of crash safety of motor vehicles available in the market

Nitin Gadkari to launch Bharat New Car Assessment Programme tomorrow
Updated On : 20 Aug 2023 | 11:02 PM IST

Honda Elevate launch: Check prices, design, specifications, pictures

The Elevate measures 4312 mm in length, suggesting generous cabin space for passengers

Honda Elevate launch: Check prices, design, specifications, pictures
Updated On : 06 Jun 2023 | 1:58 PM IST

Tesla's U-turn on India in search for new EV manufacturing destination

With plans to import and sell cars off the table, Elon Musk's flagship is exploring the challenging prospect of an assembly plant for a cheaper electric vehicle

Tesla's U-turn on India in search for new EV manufacturing destination
Updated On : 28 May 2023 | 6:47 PM IST

BMW launches its 2023 Z4 Roadster at Rs 89.30 lakh for Indian market

BMW will offer the Z4 in its M Performance trim, M40i. The car comes with a standard two-year warranty with unlimited kilometres

BMW launches its 2023 Z4 Roadster at Rs 89.30 lakh for Indian market
Updated On : 25 May 2023 | 11:00 PM IST