The company aims to regain 50 per cent market share in the domestic passenger vehicle segment by bolstering its presence in the sports utility vehicle (SUV) space
MG Motor India increased its sales from about 40,000 units in 2021 to about 50,000 units in 2022
The key highlight of the day was the unveiling of its first electric SUV, the eVX, by the country's largest carmaker Maruti Suzuki, which is likely to hit markets by 2025
On the first day of Auto Expo 2023 on Wednesday, the vehicle exhibitors, both global and domestic, in total launched and unveiled over 59 products at the India Expo Mart here
Electric commercial vehicle maker Etrio Automobiles in collaboration with EV financing platform Turno will deploy 1,000 e-three-wheelers pan-India in the next 12 months, the company said on Wednesday. The deployment of these vehicles will commence from cities such as Delhi, Hyderabad, and Chennai where both Etrio and Turno have a strong presence and eventually expand to various other parts of India, Etrio said. Under the long-term strategic alliance that Etrio has formed with Turno, the two partners will also work together to improve vehicle intelligence, it stated. Notably, as a part of this collaboration, the eCV makers' flagship model 'Touro Max' vehicles would be deployed across a plethora of first-mile and last-mile logistics and commercial transport use-cases -- including retail and e-commerce logistics, gas delivery, agri-logistics, among others, the company stated. "The partnership with Turno is aligned to our growth agenda. It will enable us to scale our vehicle deployment
The South Korean automaker announced that it would invest Rs 2,000 crore over the next few years in the EV segment
Auto Expo 2023: The vehicles showcased were 'green' powered by electric options and hydrogen
Maruti Suzuki also displayed its range of 'sustainable' cars like the WagonR Flex Fuel prototype, Brezza S-CNG and Grand Vitara Intelligent Electric Hybrid at the Expo
A 'single-digit' drop in sales was recorded in China due to 'ongoing headwinds' but this was "successfully counterbalanced by increased sales in other markets" said the car maker
Even as some mainline brands are conspicuous by their absence, India's biggest automobile event is for petrolheads
The number of connected vehicles in service will reach 367 million globally in 2027, from 192 million in 2023, a new report showed on Monday
It might not be so far in the future that you will be able to watch a movie on a rollable screen that is automatically extended downwards or check traffic or weather conditions while on the go
German luxury carmaker Mercedes-Benz will launch ten new vehicles in India in 2023 with majority in the over Rs 1-crore price category, which grew over 69 per cent last year, according to a senior company official. Mercedes-Benz India, which posted a record sales in 2022 at 15,822 units, had sold over 3,500 cars that are priced above Rs 1 crore last year. In 2021, Mercedes-Benz India had sold 11,242 units. Its previous best sales was achieved in 2018 at 15,583 units. The company is looking at an overall double-digit sales growth this year, and as part of the drive it launched its 'AMG E53 4MATIC+ Cabriolet' model priced at Rs 1.3 crore on Friday. "The biggest growth for us in the last year has come from the TEV (top-end vehicle) segment, where we have grown by 69 per cent," newly appointed Managing Director & CEO of Mercedes-Benz India Santosh Iyer told PTI. The company's top-end vehicles include S-Class Maybach, GLS Maybach, top-end AMGs, S-Class and GLS SUV, which are priced ...
The two-wheeler segment registered a de-growth of 11 per cent YoY in December 2022. All the other categories were in the green
German luxury carmaker Audi on Monday reported a 27.14 per cent rise in its retail sales in India at 4,187 units in 2022. The company sold 3,293 units in 2021. Although the supply chain challenges and semiconductor scarcity still hold back the full potential of growth, Audi India said its performance in 2022 was buoyed by a strong product portfolio, a revival in customer sentiment and strong business continuity. The luxury carmaker also said it has increased the prices of its vehicles by up to 1.7 per cent in most of its models from January 1. Audi India Head Balbir Singh Dhillon said the company's growth in 2022 is higher than the estimated growth of 20-22 per cent of the luxury section in India and the company witnessed sales growth in all the segments it is present. He said the company's performance in 2022 was despite hitting roadblocks posed by global issues like semiconductor availability and shipment challenges. Audi India said its sales uptick in 2022 was propelled by it
Move to curb rise of fraudulent intermediaries, address disputes over third party damage liabilities
Tesla share price: The prices fell rapidly on Tuesday after a Reuters report said that the company is planning to reduce its production at the Shanghai plant in January
The company is selling its loss-making German CV forging business
With increasing congestion across cities in India, Maruti Suzuki India expects sales of its vehicles with auto gear shift to pick up further next year, according to company Senior Executive Officer, Marketing & Sales Shashank Srivastava. The company had introduced the auto gear shift (AGS) technology that relieves drivers from manually changing gears using the clutch, for the first time in 2013-14 on its hatchback Celerio. It has cumulatively sold 7.74 lakh units of such vehicles across its portfolio so far. "After we introduced AGS, slowly we have expanded it in so many of our models. We do believe that with increased congestion, especially in urban areas, AGS is a further addition to the ease of driving. So we believe technology will pick up even further," Srivastava told PTI. The company has nine models -- Celerio, Alto K10, WagonR, Dzire, Ignis, Swift, Brezza, S-Presso and Baleno -- which come with the AGS option. In terms of AGS penetration, he said, "It varies between 12 per
Honda Cars India (HCIL) on Friday said it has tied up with Indian Bank to provide vehicle finance for its customers. The partnership will offer easy loan disbursement, reasonable interest rates, special offers, flexible policies and simplified process, the company said in a statement. The customers can avail financing benefits across over 5,700 branches of Indian Bank and HCIL dealer network across the country, it added. ********* MBRDI, Mercedes-Benz India partner for electric vehicle module course at RV College of Engineering * Mercedes-Benz Research and Development India (MBRDI) on Friday said it has partnered with Mercedes-Benz India to introduce an all-new electric vehicle module in its Advanced Diploma Automotive Diploma (ADAM) course offered at RV College of Engineering in Bengaluru. MBRDI has also contributed a high-tech EV lab to upskill the talent pool in the country and support the industry as it transitions towards electric mobility, the company said in a statement.