Suvs

Mahindra & Mahindra unit launches two new electric SUVs; share rises 3%

The uptick in the M&M share price came after the company announced that its subsidiary, Mahindra Electric Automobile Limited (MEAL), has launched two new electric Sports Utility Vehicles (SUVs)

M&M Q2 results: Profit rises 13% to Rs 3,841 cr on higher SUV sales

(Reuters) -Indian automaker Mahindra & Mahindra reported a surprise rise in second-quarter profit on Thursday, helped by higher sales of its sport utility vehicles (SUV) and a recovery in tractor demand.

JLR plugs $669 mn into retooling UK plant for production of electric SUVs

JLR cautioned last month that its push into EVs will cost more than initially planned, citing weak consumer demand

GM recalls 449K SUVs, pickups over faulty low brake fluid warning light

General Motors is recalling more than 449,000 of its SUVs and pickup trucks because the electronic brake control module software may fail to display a warning light when a loss of brake fluid takes place. The National Highway Traffic Safety Administration said Friday that the recall includes certain 2023-2024 Cadillac Escalade and Escalade ESVs, 2023 Chevrolet Silverado 1500, 2023-2024 Chevrolet Tahoe and Suburban 1500, 2023 GMC Sierra 1500, 2023-2024 GMC Yukon and Yukon XL models. The agency said that without the warning light, a vehicle may be driven with low brake fluid, which can reduce braking performance and increase the risk of a crash. A free software update will be provided to vehicle owners. Owner notification letters are expected to be mailed Oct 28. Vehicle owners can contact GMC customer service at 1-800-462-8782, Chevrolet customer service at 1-800-222-1020, or Cadillac customer service at 1-800-458-8006.

Mercedes-Benz to manufacture EQS SUV 580 in India, first outside the US

Luxury carmakers are focusing on bringing in more models that will be made in India

Micro SUVs gain ground in India, with sales soaring 72% in early FY24

Hyundai Exter and Tata Punch, priced under Rs 10 lakh, saw a 72 per cent sales jump in the first four months of FY24, far outpacing the 1.8 per cent growth in overall domestic passenger vehicle sales

JSW MG sparks revolution in EV industry with bold Windsor pricing

Parth Jindal, Director, JSW MG Motor India, indicated the company is not satisfied with being a small player in India and has introduced this pricing model, and other benefits, to disrupt the electric

Appreciate Centre's 'clear stand and focus' towards electric cars: Mercedes

The German firm launched its top-end Maybach EQS 680 SUV, the first electric Maybach car to be launched in India

Festivals hold promise but passenger vehicle sales may stay flat in FY25

While OEMs are upbeat on the upcoming festive season sales, analysts peg the overall growth in PV sales for FY25 to be flat at 0.8 percent or so

Tata Motors looks to drive into mid-SUV space with Curvv SUV Coupe

Curvv will be launched with the EV version, and within a month the ICE versions will come. EV customers also want a higher range

Retail sales of cars fall in June for 2nd straight month, PV sales dip 6.8%

India's auto industry forms 7% of the country's GDP, according to government data

Passenger vehicle sales to see moderate 3-5% growth this fiscal: Report

Passenger vehicle sales is projected to grow at a moderate 3-5 per cent this financial year on account of a high-base effect of FY24, shrinking order book and subdued demand for entry-level variants, a report said on Monday. According to the report by credit ratings agency CareEdge, following robust growth of 90 per cent with volumes at 90,432 units in FY24, with an improving penetration rate, electric car sales in the passenger vehicle (PV) segment is likely to clock volume of around 1.30-1.50 lakh units in FY25. In FY22 and FY23, the PV industry experienced substantial year-on-year volume growth due to pent-up demand post-Covid recovery and new product introductions, it said. Utility vehicles played a significant role, with volumes increasing by 41 per cent in FY22 and 33.2 per cent in FY23. The industry benefitted from lower interest rates and an increased desire for personal mobility in the wake of the pandemic, CareEdge said. According to CareEdge, utility vehicles contributed

Auto industry grows 19% to Rs 10.22 trn in FY24 over robust growth in SUV

The Indian automobile industry grew 19 per cent to Rs 10.22 lakh crore in FY24 driven by a robust growth in the utility and sports utility vehicle (SUV) segment, a report said on Wednesday. The volume grew by 10 per cent during the year, the report by management consulting firm Primus Partners said. A notable shift in the UV and SUV segment was that the volume increased by 23 per cent and price by 16 per cent leading to overall value increase by 39 per cent last fiscal year. The average price increase in this segment was due to general rise in prices, shift to higher segment, shift to hybrid and automatic, popularity of sunroof and shift to electric vehicles (EVs), it said. Indians are preferring higher, more expensive models across segments, and the average price of vehicles is increasing, as per the report. "India is at the forefront in leading the global automobile race, bypassing lower-priced products and creating more value in feature-rich, higher-priced vehicles. Consumer ..

SUVs dominate rural India: Hyundai's sales in January-April 2024 surge

In the first four months of this year, SUVs like the Exter, Venue, and Creta made up 67 per cent of Hyundai's rural sales, doubling their share since 2020

M&M Q4 results: Net profit jumps 31.6% to Rs 2,038 cr on strong SUV demand

Utility vehicles (UV) accounted for more than half of passenger vehicle sales in India, rising 31% year-on-year, according to an industry body

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

Ceat plans to revamp brand strategy to target SUV owners, adventure bikers

Ceat plans to reach its target audience through various touchpoints

M&M, Tata Motors, Maruti Suzuki: What is driving the rally in these stocks?

With 3XO's launch, M&M management aims to be among the top two players in the compact SUV segment over the course of three years

High on SUVs: India records all-time high passenger vehicle sales in FY24

2023-24 also witnessed a high demand for sports utility vehicles (SUVs), which, for the first time in India, now hold a market share of 50 per cent in total PV sales

Robust rural growth, strong demand for SUVs drive car sales in FY24

The SUV segment's market share in the total Indian PV market grew from 40.1 per cent in FY22 to 43 per cent in FY23, and further surged to 50.4 per cent in FY24