Pune: The average selling price of Mercedes-Benz India cars rose nearly 7% to Rs95 lakh in 2024 from Rs89 lakh in 2023 backed by demand for its top-end models or those costing at least Rs1.5 crore. Sales of such models including the Maybach S Class, AMG, and GLE advanced 30% last year.One in every four … Read more
New Delhi: Japanese auto major Nissan’s plans to turn around its Indian operations remain intact, and it is looking to increase headcount in the country despite the turbulence it is facing globally, according to a senior company official. The company, which has increased headcount at its Chennai plant by 600 to add a third shift, … Read more
Last Updated:November 01, 2024, 13:48 IST Sales of Royal Enfield models with engines up to 350cc rose 27% to 96,837 units, up from 76,075 units last October. Royal Enfield Bullet 350. (Photo: Shahrukh Shah/ News18) Eicher Motors Ltd on Friday reported a 31 per cent rise in total sales of its Royal Enfield motorcycles at … Read more
New Delhi: Only three out of 15-odd passenger vehicle makers in India recorded sales growth in the first half of this fiscal year, underscoring continued weak consumer sentiment and sluggish demand in the world’s third-largest automobile market. Mahindra & Mahindra (M&M), Toyota Kirloskar Motor and Kia India reported higher sales, while others including the top … Read more
German luxury carmaker BMW Group on Friday said its BMW and MINI brands recorded a 10 per cent year-on-year increase in sales, at 10,556 units in India during the January-September period of 2024. The number of cars (BMW and MINI) sold in the nine months of 2023 was 9,580 units. Besides, the group also sold … Read more
Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Tupperware, based in Orlando, Fla., plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just before midnight on Tuesday. The company … Read more
Last Updated: July 01, 2024, 17:09 IST The company’s stock jumped following the release of these encouraging sales figures. In June alone, Bajaj Auto sold 3,58,477 vehicles, up 5% from June 2023’s 3,40,981 units. As July begins, the auto industry eagerly awaits the latest sales figures, and Bajaj Auto has set the tone with impressive … Read more
Kolkata | New Delhi: Hyundai Motor India gave the third significant upgrade to its flagship sports utility vehicle Creta this January, almost nine years after its launch in 2015 and about four years after its second generation in 2020. But the next big development followed in just three months with the performance-focused Creta N Line … Read more
Mercedes-Benz India is eyeing double-digit sales growth this fiscal as demand remains strong, especially for high-end models, a senior company executive said on Wednesday. The company, which on Wednesday introduced luxury models — Maybach GLS 600 4MATIC SUV and AMG S 63 E Performance Edition 1 on Wednesday, had sold 18,123 units last fiscal. It … Read more
Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles. The Austin-based company said it made $1.13 billion US from January through March compared with $2.51 billion US in the same period a year ago. … Read more
