Page 8 - Automobile Manufacturer

Auto majors end 2024 with positive sales growth driven by new launches

Riding on the back of new launches, major carmakers reported positive sales growth in Calendar Year 2024

Automotive leasing in India to account for 8% of sales in 5-8 yrs: ORIX

Mobility solutions and financial services provider ORIX Corporation India Ltd expects automobile leasing market in India to account for 7-8 per cent of the overall vehicle sales in the next 5-7 years, up from about 2 per cent currently with more younger people joining the workforce, its Managing Director and CEO Vivek Wadhera. With good traction in its business, the company expects 30-35 per cent higher profit this fiscal year compared to the last year, Wadhera told PTI in an interaction. "If you compare the Indian market to the western market, the overall leasing market in India is 1-2 per cent of the total number of automobiles sold," he said when asked how the automobile leasing market has been developing in the country. In 2024, passenger vehicle sales in India stood at 43 lakh units as per industry estimates. In the western market such as the US, or even Japan or China, the same percentage is 30-40 per cent, he added. There many customers don't buy vehicles but "Indians still

BMW 1 Series to return with a facelift, as the brand's entry point model

While BMW enthusiasts await the launch of the revamped 1 Series along with the 2 Series Gran Coupe this year, the limited edition Skytop concept is also expected to be available for Indian buyers

EV sales surge by 60% in UK as carmakers slash prices to dodge fines

The UK government is now reviewing the rules, which could result in increased flexibilities to help manufacturers meet them

Kia Sonet facelift hits 100,000 sales mark, petrol engine tops preferences

The updated Kia Sonet facelift went on sale in India in January 2024 and the Korean brand has sold more than 9000 units of the Kia Sonet facelift per month since its launch

Maruti Suzuki Dzire clocks three million production milestone in 17 yrs

Maruti Suzuki has manufactured more than three million units of the Dzire sedan since it was first launched in 2008, while has exported around 260,000 units to 48 countries

JSW MG Motor to unveil three new models at Bharat Mobility Global Expo 2025

MG Motor India confirmed showcasing three new models across three new categories, including the MG Cyberster electric sports car, at the upcoming Bharat Mobility Global Expo 2025

Mercedes-AMG CLE 53 Coupe to hit Indian roads in 2025 with sportier design

The new Mercedes-AMG CLE 53 will come with a wider stance and enhanced style, powered by the 'M256' 3.0-litre twin-turbo six-cylinder engine coupled with a 48V mild-hybrid system

M&M, TVS & Uno Minda among top picks by Nuvama ahead of December auto sales

Nuvama analysts said December is expected to bring encouraging results for the industry. PVs are predicted to achieve double-digit growth, propelled by strong performances from M&M, Maruti & Toyota

Honda unveils upgraded Unicorn at Rs 1.19 lakh, with new digital features

The new Honda Unicorn has been updated to comply with the OBD2B regulations similar to the Honda SP160 and Honda Activa 125

Tata Motors share races 6% in 3 days as most brokerages upbeat on outlook

The northward move in the Tata Motors share today came after domestic brokerage DAM Capital upgraded Tata Motors to 'Buy' from 'Neutral'

New-gen Skoda Superb set for India debut at Bharat Mobility Expo 2025

The new Skoda Superb, making its India debut at Bharat Mobility Expo 2025, features cutting-edge design, luxury interiors, and advanced technology, offering tough competition in the premium sedan mark

Mercedes-Benz Concept CLA to make India debut at Bharat Mobility Expo 2025

Mercedes-Benz EQG will also return to the Bharat Mobility Expo 2025, flanked by the Maybach EQS 680 Night Series, LWB E-Class 450 4MATIC, and more, offering a glimpse into the future of mobility

Moody's sees Honda-Nissan deal as credit positive, flagrisks for Honda

Honda has lower margins in its automotive business compared with its motorcycle business, giving it less flexibility in absorbing Nissan's loss-making auto operations, Enjo wrote

Shift and diverge: Why mergers of carmakers like Honda-Nissan often crash

Combining two large, global manufacturing operations is an incredibly difficult feat that involves reconciling different technologies, models, and approaches to doing business

Here's all you need to know about auto industry's journey for 2025

Traversing from being just vehicle manufacturers to mobility solutions providers amid a raging debate over which eco-friendly technology must be incentivised, the Indian automobile industry is driving in the new year under the shadow of a slowdown in sales with the post-pandemic pent-up demand in distant memory. The shift in the auto industry -- where advanced technologies like autonomous driving, vehicle intelligence, connected features and electrification are quickly gaining traction -- will be reflected in the upcoming Bharat Mobility Global Expo in which India's flagship Auto Expo has been clubbed to be held from January 17-22, 2025 in Delhi-NCR. With India making its presence felt in the global automotive landscape, automakers are expected to showcase their new models with varied powertrain technologies across multiple price points, catering to different sets of customers at the expo as the adoption of environment-friendly cars is slated to gather pace in 2025. While electric .

Platform, EV plans: What to expect from Honda, Nissan, Mitsubishi merger

The potential merger between Honda, Nissan, and Mitsubishi aims to standardise vehicle platforms, enabling all three parties to use a common architecture for developing their individual products

In growth lane: Exports of passenger vehicles, 2-wheelers surge in 2024

Over 14% of passenger vehicles and 16% of two-wheelers manufactured in the country were exported between January and November

Kia unveils subcompact SUV Syros, launch in Jan at Bharat Mobility Expo

Kia Syros's design is inspired by the Korean automaker's global models Kia EV9 and Kia Telluride

Skoda Octavia RS: 261 BHP powerhouse to debut at Bharat Mobility Expo 2025

One of the highly anticipated models making its India debut at the Bharat Mobility Expo 2025 is the new Skoda Octavia RS alongside the new Skoda Kodiaq SUV