HONDA CARS
Honda Cars sales dip 5% to 4,804 units in June
Honda Cars India reported a 5 per cent drop in domestic wholesales to 4,804 units in June, down from 5,080 units dispatched to dealers. However, exports doubled to 4,972 units compared to 2,112 units last year. Honda Cars India VP Kunal Behl noted challenging market conditions affecting demand, but highlighted significant export growth.
Car discounts make comeback after four long years of waiting in the auto industry
Car discounts have returned after four years of long waitlists, driven by changes in the automotive industry's pricing strategies. Dealers are ramping up production to meet high demand, especially for SUVs, and are offering substantial discounts across various models. Some discounts reach as high as Rs 1.5 lakh on specific models, including hatchbacks, sedans, and electric vehicles (EVs).
Bugatti is manufacturing the world’s fastest car; here are the details regarding the “Tourbillion”
Bugatti has announced its decision to manufacture the world’s fastest car. It will have a top speed close to 250 mph and will be priced at $4.1 million.
Car discounts: Check offers on cars of Maruti, Tata, Honda, Hyundai, Mahindra, Skoda and Volkswagen
Car makers like Maruti Suzuki are offering significant discounts on various SUV models to boost sales in a slow market. This approach is driven by the need to clear inventories and attract customers amidst muted demand, as highlighted by industry analysts.
Revving up: Fuelled by PLI, Indian automakers eye global EV space, targeting Europe & other developed markets
Indian auto manufacturers are seizing the export opportunity in the electric vehicle (EV) market, driven by increasing demand for cleaner mobility in developed countries and government support. Companies like Maruti Suzuki and Hero MotoCorp are gearing up to export their EV models to Europe, leveraging India's frugal manufacturing capabilities. With India's production-linked incentive scheme and alignment with global standards, automakers aim to challenge Chinese dominance in the EV sector and establish India as an EV export hub.
As buyers diss cars, auto companies count on offers
Passenger car sales surged 8% to a record 4.22 mn units in FY24 but have moderated since amid the heat wave, a long election season and a high base. Going by current vehicle registration trends on the government's Vahan portal, June growth is expected to be either flat or negative. ET reported June 17 that inventory levels at dealerships across the country were at 55-60 days against the norm of 30 days seen at this time of the year.
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How a tax sop has created a divide in India's motown
Indian automakers are at a crossroads as they navigate the shift from internal combustion engines to electric vehicles. Consumers are showing a preference for hybrids over EVs, sparking debate among automakers. The government's proposed tax reduction for hybrids has divided industry leaders, with some advocating for incentives solely for electric vehicles. The potential impact on sales volumes and climate goals is a central point of contention.
Hyundai has the same fear like Tata Motors & Mahindra about petrol, diesel cars
Hyundai has joined Tata Motors and Mahindra & Mahindra in opposing tax breaks for hybrid vehicles in India, arguing it could disrupt the market for petrol and diesel cars. Japanese carmakers support lower taxes on strong hybrids, citing emissions reduction and fuel efficiency benefits. The debate underscores the auto industry's shift towards more sustainable technologies.
Japan's Honda to start selling micro-sized electric vans in October
Honda, a leader in Japan's kei car market, to release a new electric van popular for delivering goods in urban and rural areas.
Motor racing: F1 unveils 'nimble' car for new era starting in 2026
Formula One will enter a new era in 2026 with smaller and lighter cars featuring active aerodynamics. The FIA presented the technical regulations for the new generation of 'nimble' cars, aiming for better efficiency and handling. FIA president Mohammed Ben Sulayem hailed the unique revision to make the championship more relevant and attractive.
Japan's Toyota hit by testing scandal; automaker apologises
The transport ministry told the companies to stop delivering certain models within Japan after they reported failures to follow standardised steps to certify vehicles for shipment.
Strong hybrids need to replace ICE models and not EVs: Maruti Suzuki executive
Maruti Suzuki India executive emphasizes strong hybrids over fossil fuel-powered models and pure electric vehicles (EVs) for auto industry sustainability.
Old empires could be the key to a new car future
Hydrogen, a vital element in water creation, is gaining traction as a fuel source for fuel-cell electric vehicles.
Hybrids catching up fast with EVs; Maruti, Toyota driving growth
Sales of hybrid transmission cars and SUVs are rapidly increasing, challenging electric vehicles in market share. Maruti Suzuki and Toyota offer popular models in this segment, with hybrid vehicles capturing 2.48% of the passenger vehicle market in Q1 2024.
SUVs roar on country roads as sales from rural India sees a spike
Hyundai Motor's top three cars sold in rural India during January-April 2024 were all SUVs, nudging out the small car Grand i10 from the podium for the first time. SUVs such as Exter, Venue, and Creta accounted for two-thirds (67%) of Hyundai's rural sales in the first four months of the calendar year.
Japanese automakers least prepared for EV transition: Think-tank
The four automakers with the lowest proportion of forecasted EV production in 2030 are all from Japan (Suzuki at 10%, Honda at 24%, Toyota at 29% and Mazda at 30%), with Toyota, Mazda and Suzuki all receiving the lowest performance, says InfluenceMap in its latest report titled, “Automakers and Climate Policy Advocacy: A Global Analysis.
Gujarat car enthusiast transforms Honda Civic into Rs 9-crore Lamborghini Terzo for just Rs 12 lakh: Watch video
Indian car enthusiast Tanna Dhaval impressively converted a Honda Civic into a Lamborghini Terzo Millennio, captivating the internet. Dhaval's meticulous year-long project, documented on his YouTube channel, incurred Rs 12.5 lakh in costs. Despite challenges like sourcing parts and replicating Lamborghini's wheels, Dhaval's creativity shines through, with added touches like a custom logo and India's flag, showcasing innovation and national pride.
Bad news for hybrid car buyers, good for EV sector: GST Council may not give tax relief for hybrid cars in next meeting
The govt may not discuss tax concessions for hybrid cars in the next GST Council meeting, affecting companies like Maruti Suzuki and benefiting electric car makers like Mahindra and Mahindra. Transport minister Nitin Gadkari had requested a GST reduction on hybrid cars to 12%.
Ignored by desis, small cars are driving Made in India ambitions elsewhere
India's car market shift towards SUVs impacts small car and sedan sales, despite being crucial for exports. Maruti Suzuki leads in exports, shipping to diverse destinations. Hyundai's exports include Verna, Aura, and Grand i10Nios. Price hikes and SUV preference lessen small car demand, but industry anticipates a revival by 2026-2027.
Honda to launch next-generation EVs in China by 2027
Japan's second-biggest car maker has lagged behind European and U.S. competitors such as General Motors and Volkswagen in ramping up EV sales.
Ambassador, Honda, Isuzu D-Max: Union Transport Minister Nitin Gadkari declares ownership of 3 cars in election affidavit
Union Road and Transport Minister Nitin Gadkari declares ownership of three vehicles in his 2024 Lok Sabha election affidavit, including a 1994 Ambassador, a 2016 Honda CRV, and an Isuzu D-Max. With values listed, Gadkari also discloses his wife's vehicle possessions. Meanwhile, Gadkari, renowned as the "Highway Man of India," seeks a third term representing Nagpur amidst an electoral battle against INC's Vikas Thakre, as the city gears up for April 19 voting.
Small cars likely to stage a comeback by 2026 amid rising entry-level incomes, says Maruti Suzuki chairman RC Bhargava
Maruti Suzuki chairman RC Bhargava anticipates a revival of small car sales by 2026, driven by rising income levels among entry-level consumers and the transition of scooter and motorcycle owners to cars. Despite a recent surge in SUV sales and a decline in small car demand, Bhargava believes that the affordability of small cars will become more manageable for buyers as their purchasing power increases.
Car buyers may finally get relief from rising prices and long delays soon. Get ready for era of discounts & offers. Here's why
Customers are set to benefit from an automotive market resurgence with attractive discounts and offers in the new financial year. Despite a record volume in the current fiscal year, industry experts predict a potential slowdown in 2024-25 due to decreased demand and rising inventories. The new financial year is bring an era of attractive discounts and offers.
Nissan targets 1 million car sales growth over next three years
Nissan Motor unveiled plan to launch 30 new models by March 2027, targeting 1 million increase in global sales. Nissan is focussing on cost-cutting for profitability, aiming for 6% operating profit margin and 30% shareholder returns.
Honda is recalling more than 750,000 vehicles to fix faulty passenger seat air bag sensor
Honda is recalling over 750,000 vehicles in the U.S. due to a faulty front passenger seat weight sensor that may cause unintended inflation of the air bags. The recall affects various Honda and Acura models from 2020 to 2022, including Pilot, Accord, Civic, HR-V, Odyssey, Fit, Civic Coupe, Civic hatchback, Civic Type R, Insight, CR-V, CR-V Hybrid, Passport, Ridgeline.
Honda Elevate crosses 20,000 sales mark
"We have maximised the production of the Elevate to serve our waiting customers as early as possible and adjusted the variant mix to align with the market demand which is overwhelmingly high for CVT variants currently," Honda Cars India Director (Marketing and Sales) Yuichi Murata said.
Honda Cars to hike prices of its entire model range from January
Maruti Suzuki, Mahindra & Mahindra and Audi India have also announced plans to hike prices of their passenger vehicles in January 2024 citing reasons, including cost pressure driven by overall inflation and increased commodity rates.
Honda Cars wholesales climb 24 pc to 8,730 units in November
Exports grew by over four-fold at 3,161 units last month as against 726 units in the year-ago period, it added. "Our product line-up saw a good surge in demand throughout the festive period. Our new SUV Elevate has been well received by the market with very high customer consideration," HCIL Director (Marketing and Sales) Yuichi Murata stated.
Honda Cars posts 17 pc increase in sales in October
Honda India's domestic sales stood at 9,400 units last month as against 9,543 units a year ago. Exports grew to 3,683 units last month as against 1,678 units in October last year, it added.
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