Negotiations between Mahindra & Mahindra and Skoda Auto Volkswagen India on a potential 50:50 joint venture appear to have got stuck with the companies unable to arrive at common ground on key matters, said people aware of the ongoing deliberations. “The two companies that have already signed a series of nonbinding memoranda of understanding (MoUs) … Read more
Inventory levels for small cars at Maruti Suzuki could be as much as 40-45 days by the end of the month, while other segments are expected to maintain a comfortable 30-day stock, auto company’s Head of Marketing and Sales Partho Banerjee said during a post earnings call. Most dealers have an average inventory of 60 … Read more
Pune: Tyre makers are headed for a rough patch as the price of natural rubber has increased more than 33% on-year in just the first five months of this fiscal year amid strong demand and crunched supply, which could strain their profitability, Crisil Market Intelligence and Analytics (MI&A) said. Domestic prices of natural rubber closed … Read more
For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better. Sticker prices at dealerships have started to come down and affordability is improving, said Daniel Ross, senior manager of … Read more
Mumbai: Wholesale volumes across various segments of the automobile industry in June 2024 are anticipated to reflect a subdued trend, primarily attributed to the absence of wedding dates, according to Anand Rathi report. Analysts project a mixed performance with two-wheeler (2W) volumes showing resilience, while passenger vehicles (PVs) and commercial vehicles (CVs) are expected to … Read more
Mumbai: Auto industry body, Society of Indian Automobile Manufacturers (Siam) has written to the government requesting for a reduction in the GST on two-wheelers. It has suggested that the government adopts three range slabs of reducing the rate-from the current 28% to 18% for internal combustion engine powered two wheelers, to 5% from the current … Read more
2024 Force Gurkha 5-door. (File photo) The newly introduced 5-door Gurkha promises to be more practical and an all-purpose SUV, with a lot of improvements, top-notch safety, and advanced features. Force Motors has finally begun accepting bookings for the much-awaited 3-door and 5-door Force Gurkha in India across dealerships. Interested customers can pre-book a test … Read more
India’s rapidly growing auto market is poised to hit a milestone, with projections indicating it will reach USD 300 billion by 2026. This growth is fueled by various factors, including rising income levels, urbanization, and a burgeoning middle class with increasing purchasing power.In March 2024, the Indian auto industry produced a total of 2,325,959 units, … Read more
Sales of sport utility vehicles, motorcycles and scooters in the local market increased in healthy double digits in February, on the back of improved supplies and sustained consumer demand. Sales of commercial vehicles and tractors though remained muted, on a high base and amid a cyclical slowdown in demand. As per industry estimates, passenger vehicle … Read more
India will become the number one automobile manufacturing hub in the world by 2029 and the country will be the third largest economy, road transport and highways minister Nitin Gadkari said on Friday. The government’s focus going forward will be to build a world-class road network, move to alternative fuels and bring down logistics costs … Read more
