SUZUKI CONNECT
MG Motor to launch its most premium electric car, Cloud EV, later this year : Report
MG Motor is gearing up to launch a new electric car in India later this year, with reports indicating that the MG Cloud EV will make its debut in September. The price range for the vehicle is expected to be below Rs 20 lakh, although some sources suggest it could be closer to Rs 25 lakh. If priced competitively, the Cloud EV will compete against popular models like the Tata Nexon, BYE E6, and the Mahindra XUV400 in the Indian market.
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.
Mahindra XUV 3XO inspires jaw-dropping custom designs: How CEO Anand Mahindra and team reacted?
Anand Mahindra recently shared impressive custom renders of the Mahindra XUV 3XO on social media, created by the Instagram handle @nstreet_design. These designs, featuring a modern and robust aesthetic, caught significant attention, including that of Mahindra himself and Pratap Bose, Chief Design and Creative Officer at Mahindra & Mahindra. The customizations, which include a soft blue hue with black accents and large bronze alloy wheels, have sparked excitement among enthusiasts, showcasing the versatility and style of the new XUV 3XO.
Indian consumer market sees significant drop in average buyer age across cars, smartphones, and TVs
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, Hyundai Motor, and Mercedes-Benz note a decline in the average buying age from the 40s to the mid-30s, with over 70% of electric car buyers being in their 20s and 30s. Similarly, the average age for purchasing Apple iPhones and large-screen televisions has dropped from the 30s to the late 20s to early 30s.
Maruti Suzuki Swift 2024 Launch: Expected Price, features, mileage, design and other details in EPIC new Swift
Maruti Suzuki Swift Launch: Maruti Suzuki India is gearing up to launch the highly anticipated next-generation Swift, featuring a revamped design, new engine, and updated interior. Pre-bookings have begun at an initial payment of ₹11,000, with deliveries expected to commence in June 2024. The hatchback will hit the Indian market today, May 9, 2024, and the epic new swift promises to be a blend of sporty design and enhanced driving experience.
Auto Industry ramps up C-suite hiring amid post-pandemic sales surge
The Indian automobile industry is experiencing a surge in hiring for C-suite executives from diverse consumer-facing sectors to address a talent shortage at the top level amid a post-pandemic sales rebound. Over the past 12-18 months, senior executives from FMCG, consumer durables, and retail backgrounds have transitioned to carmakers like Maruti Suzuki, Bajaj Auto, and TVS Motor Company, traditionally known for hiring engineers and technology experts.
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Mahindra XUV 3XO: Expected design specs, pricing, and other details unveiled ahead of launch
Mahindra & Mahindra is launching the Mahindra XUV 3XO, a compact SUV and facelift of the XUV 300, in India on April 29, 2024. The new model boasts updates in design, features, and safety. Expect a revamped exterior with new front and rear designs, inspired by Mahindra's BE SUV lineup. Inside, a new dashboard layout, large touchscreen, and digital instrument cluster provide a modern feel. The XUV 3XO will offer segment-leading features like a panoramic sunroof and advanced connectivity options. With a competitive price starting from Rs 9 lakh (ex-showroom), it aims to compete with popular compact SUVs in India.
Expat CEOs a rare commodity in India Inc
According to data sourced from Prime Database, there are 28 non-India expat CEOs among the 2,521 CEOs cumulatively appointed by 2,048 listed companies at end of FY24. The number of expat CEOs has hovered around the same levels over the past decade with several being individuals of Indian origin.
Toyota launches Urban Cruiser Taisor at Rs 7.73 lakh onwards, working on more premium models
Toyota launched the Urban Cruiser Taisor in India, offering various engine options, transmission types, and advanced features. The car competes with popular models like Tata Nexon, Nissan Magnite, and Kia Sonet.
Stocks in news: Ashok Leyland, Mankind Pharma, Vedanta, Lupin, Paradeep Phosphates
Global rally prompted a surge in domestic equities after US central bank hinted at rate cuts. Ashok Leyland, Mankind Pharma, Vedanta, Lupin, Paradeep Phosphates, JSW Energy, Ambuja Cements, Sanghi Industries, RIL, Vedanta, Paytm, Tech Mahindra, Paradeep Phosphates, Maruti Suzuki, RVNL in focus.
Rising disposable income giving a thrust to connected cars in India
In the midsize SUV market, currently two-thirds of sales are from models like Hyundai Creta, Toyota Urban Cruiser Hyryder, Maruti Suzuki Grand Vitara and Kia Seltos, all of whom offer hi-tech features such as anti-collision, assistance to maintain lanes while driving and geofencing that creates a virtual boundary of a car using GPS technology and alerts the owner if the vehicle enters or exits the set perimeter.
F&O stocks to buy today: Tata Steel, Maruti Suzuki among top 9 trading ideas for 4 March 2024
The maximum Put OI is placed at 22,000 and then towards 22,200 strikes. Minor Call writing is seen at 22,800 and then towards 22,600 strikes while some Put writing is seen at 22,200 and then towards 22,100 strikes.
Indian passenger vehicle industry engages numerous social media influencers to accelerate sales
The strategy seems to be working just fine: most automakers have been able to sell cars to an increasingly informed set of buyers – who seemed to know pretty much everything about a vehicle before even stepping into a showroom.
India-Japan-Bangladesh brainstorm connectivity projects & value chains in Bay of Bengal
Representatives from Japanese institutions JICA and JETRO shared ideas for strengthening connectivity in the Bay of Bengal region. Northeast Indian MPs and political leaders proposed leveraging Japanese technology. Ministers Lalnghinglova Hmar and Paul Lyngdoh emphasized attracting investments and promoting people-to-people connectivity. The conclave was organized by Asian Confluence.
Top 5 electric car (EV) launches between Rs 11 lakh and Rs 40 lakh in 2024
With advancement in green technology, improving EV infrastructure and multiple entrants flooding the Indian market, potential buyers have been drawn to all-electric offerings in the past couple of years. Though the real EV party for carmakers will begin from 2025 onwards, there are still several models lined up for launch in 2024.
Top 5 car launches under Rs.20 lakh in 2024
Top 5 car launches under Rs.20 lakh: ET Wealth and Cardekho.com are here to help you with your car buying decision with the line-up of the most-awaited launches in 2024.
Expect some impact on costs due to Red Sea crisis: Maruti Suzuki
Maruti Suzuki anticipates minor cost increases due to the Red Sea crisis affecting vessel routes but expects minimal impact on exports. Shipping delays may occur, but the company remains optimistic about meeting its export targets. With plans to produce battery electric vehicles this year, Maruti Suzuki aims to tap into international markets, including Japan and Europe, while catering to domestic demand. The first model, a mid-sized SUV with an impressive range, targets both eco-conscious consumers and overseas markets.
Sunroof Surge: India's buyers drive demand, prompting carmakers to elevate the roof game
Once considered a luxury feature, currently more than one out of every four cars sold in the local market is equipped with a sunroof, up from just about 7% five years ago. In models where the feature is available, sales are even higher at 55%. Be it premium hatchbacks, sedans or fast-moving sport-utility vehicles, demand for sunroofs is on the rise in a predominantly tropical country.
Tata Technologies to invest $1.8 bln in Telangana state
The investment from the unit of Tata Motors is the second commitment to the Telangana government in two days after the Adani Group announced a $1.49 billion investment on Wednesday. Indian states have received a slew of pledges for investment from companies including Maruti Suzuki in the past week at business events such as the Vibrant Gujarat Global Summit and the World Economic Forum.
Fantastic four - Hyundai, Tata, M&M and Toyota - fire up Motown, drive into record books
2023 was the third straight year of record sales for Tata Motors, which boasts the widest range of electric vehicles in its portfolio. Sales last year totalled 553,000, "led by its commanding position in the compact SUV segment and strong growth in hatches, despite the hatch segment degrowing at an industry level", said Shailesh Chandra, managing director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility.
Vibrant Gujarat Summits and strategies helped state get $55 billion FDI in two decades: Officials
Addressing a Vibrant Gujarat roadshow in Hyderabad last month, state's Minister of State for Micro, Small and Medium Industries Jagdish Vishwakarma said a testimony to Gujarat's FDI-friendly policies is the fact that many Fortune 500 companies have invested in the state. "Gujarat contributes 8.3 per cent, approximately USD 282 Billion, to India's GDP.
SUV launches jam sales highway as sedans and hatchbacks take a backseat
The number of SUV launches hit a new high this calendar year at 108, reaching the three-figure mark for the first time. In the overall passenger vehicle segment, though, there have been fewer launches in 2023 than in the pre-pandemic 2019 with hatchbacks and sedans taking a hit, data collated by automotive market research firm Jato Dynamics shows.
Suzuki unveils new Swift Concept: Here is how it looks, updates and likely launch date
Suzuki has officially unveiled the latest Swift concept at the Japan Mobility Show 2023 in Tokyo. The hatchback closely resembles the digital renderings circulating online and is expected to arrive in India in the second half of 2024. The video provides a first look at the new Swift's design and features, including updates to the exterior and interior.
Maruti and UltraTech like Virat Kohli and Rohit Sharma, good to have in your portfolio: Hemang Jani
“There is a mini bubble in the broader market and one needs to be selective about that. Do not be too quick to jump into an index which has gone up 35% and stocks that have gone up 3X-5X. Okay, the stock has corrected 5%, 10%, let it stabilise, do some homework and then start nibbling.”
Mind Over Money: 60-min fitness routine and 'never give up' attitude keeps this first-generation entrepreneur mentally fit
This spiritual connection not only centers me but also helps me become more aware and mindful and attentive of what’s happening with and around me.
Tata Motors, Maruti Suzuki among 9 Nifty 200 stocks that hit all-time highs on Monday
In a day filled with remarkable market activity, several Nifty 200 stocks reached new all-time highs, reflecting a surge in market optimism and investor confidence.
Airtel, Tata Motors, 4 other large cap stocks hit new 52-week high on Monday
In a day marked by impressive market activity, several largecap stocks achieved significant milestones by reaching new 52-week highs. These notable performances underline the growth potential and resilience of these companies, providing investors with attractive opportunities in the largecap segment.
Stocks in news: L&T, auto stocks, Hindustan Zinc, Ultratech, Vedanta, Maruti Suzuki
Shares of auto companies including Maruti Suzuki, Tata Motors, Ashok Leyland, TVS Motor among others will be in focus following the announcement of monthly sales numbers.
Need to review and realign businesses in a sustainable manner, says Maruti Suzuki MD Takeuchi
Maruti Suzuki, India's largest carmaker, plans to double its sales of passenger vehicles to 6-7 million units per year by the end of the decade. Managing Director Hisashi Takeuchi highlighted the need to realign businesses to this higher scale of operations in a sustainable manner. Takeuchi also emphasized the importance of making operations environmentally friendly.
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