Three years after unveiling its Seven concept at the Los Angeles Auto Show, Hyundai is using that same show to debut the production 2026 Ioniq 9, a large three-row SUV that’s a sibling to Kia’s EV9. (The name was changed from 7 to 9 to leave room for more future Ioniq models.) It’s a wild-looking … 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
Last Updated:October 30, 2024, 15:44 IST The upcoming SUV will feature a robust 60-kilowatt-hour battery pack, although its range has yet to be revealed. This new model is part of Toyota’s ambitious plan to launch 10 battery-powered vehicles by 2026. (Image: Shutterstock) Japanese automaker Suzuki Motor’s Indian unit will supply its first-ever electric vehicle to … Read more
Consumers are exploring both luxury and sustainable alternatives, setting the stage for a new era in the Indian automotive sector, according to a survey by Grant Thornton Bharat. As per the survey — ‘Shifting Gears: Understanding Passenger Vehicle Market Trends’, 85 per cent of the respondents were considering premium models and there is an increasing … Read more
Last Updated: September 18, 2024, 16:14 IST These exclusive showrooms are set to open in 12 cities across India in phases. The MG Select showrooms will focus on high-end models like the much-anticipated Cyberster, which debuted in India in March 2024. MG Motor India, in collaboration with JSW, is gearing up to conquer the premium … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
Sales of strong hybrid vehicles are growing in high double digits, sharply outpacing a sluggish Indian auto market where demand for both fossil-fuel and electric vehicles have slowed this year. To be sure, the growth in strong hybrid vehicle sales is on a small base but the shift in market dynamics underscores growing consumer appetite … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
New Delhi: The current GST rate structure of passenger vehicles in India is outdated and needs to be aligned with the new developments in the auto industry, according to JSW MG Motor India CEO Emeritus Rajeev Chaba. The government should consider the overall perspective of vehicular emissions, reduction of import bill, sustainable local supply chain … Read more
New Delhi: Maruti Suzuki India Chairman RC Bhargava on Tuesday said the reported 100 per cent registration waiver for hybrid vehicles by the Uttar Pradesh government recognises the fact that multiple technologies are required to reduce carbon emissions and oil imports. According to reports, the Uttar Pradesh government has announced a 100 per cent registration … Read more
