A growing enthusiasm for car sunroofs is pushing the world’s leading makers of the feature to join local partners in ramping up investments to tap this burgeoning market. Netherlands-based Inalfa Roof Systems along with its partner Gabriel India is looking to double capacity for manufacturing sunroofs in the next one year. The duo, which opened … Read more
Are you planning to buy a car this festive season? Over the past couple of months, car sales have been on a downward trend. But automakers are banking on some hefty discounts and enticing promotional offers tied to the festive season to finally shift those sales into high gear. The Indian automobile market, once driven … Read more
Automakers are hoping for October to bring the demand spike that is typical of the festive period, after a subdued start to the season, with sales during Onam and Ganesh Chaturthi failing to match expectations. And to entice potential buyers who may still be undecided about the timing of the purchase, the companies are offering … Read more
Hyundai Motor India Ltd, the most successful foreign automaker in the country where a few others have failed, has reportedly got nod from the Securities and Exchange Board of India for its initial public offering (IPO), the largest ever in India. Hyundai, India’s second-biggest car maker behind Maruti Suzuki, plans to raise at least $3 … Read more
Consumer fatigue for large sport-utility vehicles (SUVs) seems to be setting in, with sales of premium models priced upwards of Rs 20 lakh such as Hyundai Tucson, Toyota Fortuner and Jeep Meridian falling by 18% in the first five months of this fiscal year. The blazing post-pandemic growth of the Indian car industry in the … Read more
Mumbai: Ahead of the launch of its maiden electric vehicle, a midsize SUV called Concept eVX, in January 2025, Maruti Suzuki India plans to set up close to 25,000 EV charging points, multiple people aware of its plans said. In addition to tapping into its 5,100-plus service centres in 2,300 cities, the country’s leading carmaker … Read more
Mumbai: The Indian car market’s adoption of alternative fuels continues to be driven by CNG-run vehicles. Hybrids, too, are outpacing electric vehicles in the country at a time when the global EV market shows signs of stagnation. Sales of CNG cars grew 46% year on year during January-August followed by hybrids at 19% while electric … Read more
New Delhi/Kolkata: Hefty discounts and promotional offers have helped trigger some uptick in car and consumer electronic sales during the ongoing Ganesh Chaturthi and Onam festivals – which herald the festive season – after sluggish demand so far this year. Maruti Suzuki reported a 10% increase in bookings in Kerala ahead of Onam, while on … Read more
The slowdown in rural demand for automobiles has prompted banks and finance companies to dole out offers for the festive season including lower interest rates, free insurance and longer repayment tenures. Experts said India’s auto industry is saddled with nearly ‘80,000 crore worth of inventory. Tractor sales, which tend to pick up after good crop … Read more
In what can be disheartening for auto companies such as Maruti Suzuki, Toyota and Honda, G20 Sherpa Amitabh Kant announced on Tuesday that the government will maintain a large duty differential between electric vehicles and hybrids to promote zero-emission technologies and green mobility in India. Speaking at an event organised by Mercedes-Benz Research and Development … Read more
