M&M, Skoda-VW India JV talks hit speed bump as companies unable to reach consensus on key issues

M&M, Skoda-VW India JV talks hit speed bump as companies unable to reach consensus on key issues

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

Skoda Launched Kylaq SUV At Rs 7.89 Lakh In India, Bookings Open Dec 2

Skoda Launched Kylaq SUV At Rs 7.89 Lakh In India, Bookings Open Dec 2

Last Updated:November 07, 2024, 09:29 IST The name “Kylaq” was chosen through a pan-India contest, paying tribute to Mount Kailash and meaning “crystal” in Sanskrit. Bookings start on December 2, and deliveries are set to begin on January 27, 2025. (Photo: Skoda) Skoda India has introduced its newest compact SUV, the Kylaq, with a starting … Read more

Mahindra, Kia, Toyota Kirloskar Motor steer clear of slow lane

Mahindra, Kia, Toyota Kirloskar Motor steer clear of slow lane

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

Large utility vehicles race past compact cars in growth lane

Large utility vehicles race past compact cars in growth lane

Mumbai: Sales of large utility vehicles such as SUVs and MPVs, which meet the government’s definition of ‘popular SUVs’, advanced at a faster clip of 27% in FY24 ahead of a 25% growth in the compact SUV segment, according to analysis of data compiled by the Society of Indian Automobile Manufacturers (Siam).While compact SUV models … Read more