Explore Business Standard
Auto Sector
Tata Motors Passenger Vehicles Ltd (TMPVL) will hike prices in the "coming weeks" in the wake of rising commodity cost putting pressure, according to its Managing Director & CEO, Shailesh Chandra. While Maruti Suzuki India is reviewing the situation for a possible price hike, Hyundai Motor India has already undertaken a price increase in January, mainly on the Venue model. "Yes, we have been facing pressure on the commodity side for nearly a year now. Still we see pressure on the precious metal side, copper and so on. Overall, if you see the impact of commodity price increase, it has been for us about 2 per cent plus of our revenues," Chandra said in a quarterly earnings call. He was responding to a query on whether the company was planning to hike prices of its vehicles due to rising cost of commodities. Reiterating that the company is going to increase prices, Chandra said,"We will be able to announce this in the coming weeks." He, however, did not elaborate the details of the
French automaker Renault is eyeing a market share of 3-5 per cent in the Indian passenger vehicle segment by 2030, led by new product launches and sales network expansion, according to a top company executive. The company currently sells three models in the market -- Kwid, Kiger, and Triber -- and has also unveiled the new Duster with deliveries expected to begin in April this year. The automaker's market share has slipped below 1 per cent in the over 43 lakh strong passenger vehicle segment. "If we do our job well, by 2030 we should get between 3-5 per cent market share, that's our goal," Renault brand CEO and Chief Growth Officer Fabrice Cambolive told PTI in an interaction. "We would not like to communicate today about the new cars, but we will increase the number of models here in India, because the market is big and there are a lot of growing segments," he added. The market share improvement would depend upon the level of competitiveness the automaker is able to achieve as th
Renault India on Thursday reported a 33.4 per cent increase in sales to 3,845 units in December 2025 compared to the same month of 2024. The company said it witnessed strong sales acceleration in the second half of CY2025, driven by consistent improvement in quarterly performance and a sharp surge in December. "The H2 performance of CY2025 clearly reflects the direction we have taken for Renault in India. After a phase of portfolio transition, the consistent recovery from Q3 onwards, culminating in a strong Q4 and our best monthly performance in December, confirms that the course correction we initiated is delivering tangible results," Renault Group India CEO Stephane Deblaise said. On the road ahead, he said, "With the right building blocks now in place, we are entering the next phase with confidence, and the return of the iconic Duster will mark a significant step forward in Renault's renewed journey in India".