PASSENGER CAR
UP's sops for hybrid vehicles irk EV companies, add to industry's June sob story
Sales of electric cars in June plunged 13.5% from the year earlier, having suffered a marginal drop in May, triggering fears that the Indian market may be following global trends. After last year's euphoria, domestic sales slumped to 20% growth in the January-June period to 46,845 units. That's down from a 135% surge in the same period last year, prompting Tata Motors and others to recalibrate expectations.
EV race: Are hybrid vehicles getting in the faster lane?
The Indian car industry is at a crossroads in its journey towards an all-electric future, with the possibility of a hybrid transition. Uttar Pradesh's move to waive registration fees on strong hybrid and plug-in vehicles has sparked a debate among automakers about the future of green mobility.
We may see demand shifting towards more premium SUVs going ahead: Shruti Saboo
There is a lot of inventory, as you guys have rightly said, that there is inventory days of 62 to 67 days and earlier what we were seeing was that this inventory was piling up in smaller cars, discounts started coming in smaller cars, but now we are seeing that this is also coming up in SUVs too and inventory days have started to come up on a higher side in SUVs as well.
LG drives in infotainment, smart solutions for your car
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 ensures in-car entertainment, connectivity, safety, mimicking home comfort. This transformation to smart life solutions by 2030 aims to boost profits and revenues.
Railways to build 10,000 non-AC coaches over next two fiscal years
The Indian Railways announced it will manufacture 10,000 non-AC coaches over the next two fiscal years to enhance facilities for common railway passengers. The overall count of non-AC coaches will be increased by 22% in this period, the Northern Railway confirmed in a statement.
BYD India appoints Rajeev Chauhan as VP of electric passenger vehicle business
Chauhan, who has worked in Honda Cars India and Volvo Car India on earlier stints, will spearhead the overall electric passenger vehicle business of BYD India.
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Railways to make 10,000 non-AC coaches over FY25 and FY26
Indian Railways plans to introduce 10,000 non-air-conditioned coaches by 2025-26, with 53% being general coaches, to cater to common passengers' needs. The annual production takes into account dynamic rail service demands influenced by seasonal changes and increasing passenger traffic. Officials highlighted the production aligning with requirements, stating that 4,485 coaches will be made this fiscal year, including various types like sleeper coaches, seating-cum-luggage rake coaches, high-capacity parcel vans, and pantry cars.
Volkswagen launches first certified pre-owned store in Coimbatore
Volkswagen launched its first brand store in Tamil Nadu, rebranding its used car business to 'Volkswagen Certified Pre-Owned' cars, aiming to offer customers high-quality, reliable vehicles with comprehensive inspection processes and warranty coverage. With 139 touchpoints nationwide, including 36 exclusive outlets, Volkswagen plans to expand by March 2025. The strategic rebranding leverages the brand's strength and trust, with the popular sedan 'Virtus' driving sales in Tamil Nadu.
Car sales lose pace in June, SUVs stay in front
Passenger vehicle sales in India remained sluggish for the third consecutive month in June due to a high base and reduced post-pandemic pent-up demand. Sales rose 3.7% from a year earlier but slightly declined from May, with 340,784 units sold compared to 328,710 last year. SUVs comprised 53% of sales.
Maruti Suzuki sales rise 12 pc to 1,79,228 units in June
Maruti Suzuki India reported a 12% increase in total wholesales for June, reaching 1,79,228 units compared to 1,59,418 units last year. Domestic passenger vehicle sales rose by 3% to 1,37,160 units. Export sales surged to 31,033 units from 19,770 units, while mini-segment car sales declined.
Capture the theme at the right time: Is investment in EV a good long-term bet?
The rise in EVs can be attributed to two main factors, first, a substantial global push by governments to achieve net zero emissions through various policy measures; and second, a nearly 90% decrease in battery costs over the past ten years, which has made EVs more affordable and, as a result, brought them closer to cost parity with internal combustion engines (ICE)
1 dead, 6 injured as roof collapses at Delhi Airport; Terminal 1 sees 123 flight cancellations
At least one person was killed and six others injured after a portion of the roof in the departure area of Delhi airport's Terminal 1 collapsed amid record rain. The tubular structure crushed cars, including cabs, shutting off entry into the building and leaving passengers stranded. Flights to and from the terminal at Indira Gandhi International Airport, one of the busiest in the world, were cancelled.
Expect Indian PV market to touch 60 lakh units by 2030, targeting 18-20 pc share: Tata Motors
Tata Motors targets significant market share growth by FY30, focusing on EVs, CNG vehicles, and new product offerings. The company strategically prepares for upcoming CAFE III norms and aims to capitalize on industry transitions for sustainable growth.
Korean Air flight descends 25,000 feet in five minutes due to depressurization, passengers hospitalized with nosebleeds
A Korean Air aircraft flying to Taiwan had to return to Incheon Airport due to an unexpected depressurization. The 737 Max has a problematic past, including crashes in Ethiopia and Indonesia in 2018 and 2019.
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.
Passenger vehicle sales to see 3-5 pc growth this fiscal: Report
Passenger vehicle sales are expected to grow moderately at 3-5% in the current financial year due to a high-base effect of FY24, shrinking order book, and subdued demand for entry-level variants. Electric car sales in the PV segment may reach 1.30-1.50 lakh units in FY25, driven by improving penetration rates. Utility vehicles have seen significant growth, benefiting from lower interest rates and increased demand for personal mobility post-pandemic.
PV exports rise by 2.68 lakh units in last 4 years; Maruti accounts for 70 pc of incremental shipments
Passenger vehicle exports from India increased by 2.68 lakh units in the last four fiscal years, with Maruti Suzuki India contributing to nearly 70% of the growth.
Volkswagen India to offer 6 airbags across all variants Taigun and Virtus models
Volkswagen India announced that all variants of its Taigun and Virtus models, both rated 5-Stars by Global NCAP for safety, will now come equipped with six airbags. This move is part of Volkswagen's ongoing efforts to enhance its product offerings since the launch of its India 2.0 portfolio. The Taigun, a subcompact crossover SUV, debuted in September 2021, while the Virtus, a mid-sized sedan, was introduced in March 2022.
Passenger vehicle wholesales in slow lane in May due to high base effect, elections
Passenger vehicle wholesales in India grew marginally in May due to the high base effect and muted demand during the general elections. Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, Kia India, and MG Motor India all reported varying levels of growth.
Pre-owned car market expected to touch 1.09 cr units by FY28: Report
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.
Auto sales growth moderates in April, sets record despite tepid demand
Automakers in India reported bumper sales for two straight years on the back of pent-up demand after the pandemic. Sales of passenger vehicle grew 8.4% to a record high of 4.22 million units in the financial year concluded March 31, 2024. Sales had grown 27% the previous financial year.
Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16%
Vehicle registrations in the country – a proxy for retail sales – went up by a robust 27% year on year to 2.2 million units in April, led by two-wheelers on the back of stable fuel prices, positive outlook for the monsoons, Navratri demand, and the ongoing marriage season
Maruti Suzuki reveals recipe for improved export plans in FY25
Indian automaker Maruti Suzuki is targeting nearly 3 lakh exports in FY25, focusing on improving its portfolio abroad. With 283,067 units exported, the company has been India's top passenger car exporter for the third consecutive year. The company has also manufactured over 3 crore automobiles in India. Supporting factors for this outlook include better products, improved portfolio in foreign nations, and talent transfer.
Maruti bets on new-gen models to race past industry growth
Maruti Suzuki India is aiming to sell about 2 million vehicles in the current fiscal, an 8.1% increase, outpacing the domestic industry. The company is betting on the launch of new models to drive growth, targeting a 10% rise in production. Maruti also plans to step up exports significantly and invest ₹1.25 lakh crore by 2030 to double output. The company's aggressive strategy aims to regain market share lost to rivals in recent years.
Flying Car: Watch first flight of AirCar. Know about its first passenger, top speed, altitude, engine, when you can buy it
Invented and piloted by Professor Stefan Klein, this vehicle transforms from an automobile to a flight-ready aircraft in minutes. The machine flies at speeds of up to 120 mph at altitudes up to 8,000 feet high. The AirCar became the first flying car to complete an intercity flight in 2021. It runs on a 1.6-liter BMW engine.
ASK Automotive, AISIN Group enter into JV for passenger car segment
Auto parts maker ASK Automotive on Wednesday said it has entered into a joint venture pact with Japanese auto components supplier AISIN Group Companies in the passenger vehicle space. As part of the collaboration, the two partners will market and sell the auto components in "independent after markets for passenger car production", ASK Automotive said in a statement.
4.2 million car sales may blast their way to record
Around 375,000-380,000 cars, sedans and utility vehicles are expected to be sold in India in March, up from 336,000 units a year earlier, making it the 15th consecutive month that PV sales have breached previous monthly records. For the first time, sport-utility vehicles are set to capture more than half of the passenger vehicle market in a year underscoring their growing popularity.
Carmakers raise FY24 sales growth projection to 8.2%
India's car industry has revised its growth projections to over 8%, driven by strong passenger vehicle sales and domestic consumption. The industry remains optimistic about growth, supported by low-interest rates, controlled inflation, and a fast-growing economy. Moody's raised its GDP growth forecast for India to 8% from 6.6%.
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