INDIAN USED CAR MARKET

In 2024, premium consumption sees growth despite slower car and smartphone sales. SUVs and Rs 10 lakh vehicle sales rose 13%, with Maruti Suzuki up 20%. SUVs formed 63% of sales (Society of Indian Automobile Manufacturers). Premium smartphones (Rs 3...

IndianOil, India's leading oil firm, commenced the production of high-octane fuel for racing cars and dispatched its first batch. The Paradip refinery in Odisha is now producing STORM-X, a specialized petrol designed for motorsport.

Pune police confiscated a luxury car used by probationary IAS officer Pooja Khedkar for allegedly installing a red beacon light illegally. The Pune Regional Transport Office (RTO) issued a notice to the private company that owns the Audi car, which ...

Carmakers attributed the sluggish performance to a broader slowdown in the Indian car market, besides intense heat waves this summer, and an extended general election. Some experts also cited a shift in spending by the wealthy to experiences such as...

LG Electronics, diversifying into the automotive market, has 2,500 Bengaluru engineers aiding global developments. EV solutions are eyed in India through partnerships with Hyundai, Kia, Renault, Volkswagen. Introducing PlayWare, MetaWare, VisionWare...

Maruti Suzuki has surpassed a significant milestone by delivering over 2 million cars via Indian railways, becoming the first Indian automaker to achieve this environmental feat. This accomplishment was revealed by the company on Monday.

Maruti Suzuki India plans to significantly increase its use of Indian Railways for vehicle transportation, aiming for 35% of its production within 7-8 years, up from the current 21.5%. Dispatches via railways rose from 65,700 units in 2014-15 to 447...

There is a growing demand for hybrid vehicles across the US. Many of the companies are offering discounts on these vehicles. The demand for EV vehicles is decreasing due to many challenges associated with it.

Hyundai discontinues Kona Electric in India, focusing on mass-market Creta EV. The Kona faced challenges with sales performance. The upcoming Creta EV aims to compete with MG ZS EV and Tata Curvv, offering a range of 400-500 km.

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 gear...

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 re...

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Hyundai, which plans to raise Rs 25,000 crore through the Indian stock market by selling a 17% equity stake in the local unit, flagged the importance of stable policies for confidently making technological upgrades. They also highlighted concerns ab...

Toyota Kirloskar Motor aims to expand its used car business in key cities with the inauguration of the first Toyota Used Car Outlet (TUCO) in New Delhi, targeting the growing Indian used car market.

Mercedes-Benz is urging the next government to prioritise the forging of more free trade agreements and reducing trade barriers to boost sales in the country's growing luxury car market. The company's India head emphasized the importance of FTAs for...

India's pre-owned car market, as per the Indian Blue Book report, is expected to expand to 1.09 crore units valued at USD 73 billion by FY28, with budget buyers predominantly seeking quality cars for upgrading to a new pre-owned vehicle.

Over the past 5-6 years, the average age of Indian consumers purchasing cars, premium smartphones, and large televisions has decreased significantly, indicating a shift towards younger demographics. Major car manufacturers like Maruti Suzuki, Hyunda...

India's drug regulator has directed state counterparts to provide a list of antibiotic combinations licensed for manufacturing and marketing within two weeks to combat misuse. This move follows recommendations from an expert sub-committee under the ...

Chinese electric vehicles are causing concern in the US and Europe due to their affordability and efficiency. The US has responded by imposing tariffs on Chinese EVs and lithium-ion batteries. India may now become a target for Chinese EVs. Stellanti...