New Delhi: The country’s car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the start of the year. Passenger vehicle sales in the local market are expected to grow by 8.1-8.2% to 4.23 million units in FY24, buoyed by … Read more
Maruti Suzuki India is gearing up for a strong SUV push with at least six out of ten new models planned for the next three years starting FY25 being sports utility vehicles (SUVs), reinforcing the Japanese carmaker’s strong intent to sharpen focus on the vehicle body type amid a rapid shift in buyer preference. The … Read more
Young, aspiring Indians are among customers driving volumes at Italian supercar maker Lamborghini, which posted record sales last year, global chief executive Stephan Winkelmann told ET. Its signature, wedge-shaped sports car is one of the fastest production vehicles available to the seriously wealthy and the marque is seeing demand not only from buyers in the … Read more
The domestic two-wheeler industry is expected to witness a double-digit revenue growth next fiscal with demand for premium models anticipated to gain further momentum, according to Hero MotoCorp CEO Niranjan Gupta. The country’s largest two-wheeler maker, which reported a total income of Rs 10,031 crore in the October-December quarter this fiscal, also expects the entry … Read more
Mumbai: Tata Motors, India’s third largest passenger vehicle maker by sales, has made a radical change in its go-to-market strategy by aligning its sales planning and demand forecasting to vehicle registration, becoming the first carmaker in the mass market to do so. Previously, the planning and forecasting were done based on retail numbers — cars … Read more
Toyota Kirloskar Motor on Wednesday said it expects to continue the strong momentum next year after closing 2023 with record sales as rising demand from tier II and III markets is slated to fuel further growth. The company is set for a record year in terms of sales in 2023. It has already clocked a … Read more
New Delhi: No action on finalising memorandum of procedure (MoP) for appointing judges is pending with the government, the Centre has informed a parliamentary panel, indicating that the ball is in the judiciary’s court. The Centre shared its view with the Parliamentary Standing Committee on Law and Personnel chaired by BJP MP Sushil Modi. The … Read more
Pro-five-oh / Wikimedia Buying a car is almost always a huge pain. But these days, there are more and more ways to buy a car online, and for many people, that’s a good thing. When buying a Tesla, for example, the price is the price — there are no dealer markups, and you can finance … Read more
