Maruti Suzuki warns that unworkable CAFE-3 emission targets could force small, low-emission cars off the road, urging realistic norms and pushing back against industry claims on safety and exemptions
Throw tax rates, complex regulations and shifting demand into the mix, and things start to get complicated for automakers
The passenger car industry is expected to log over 5 per cent volume growth, driven by the recent GST 2.0 reforms, which have particularly boosted the demand for small cars, a top Stellantis India official has said. Stellantis India, which operates two brands -- Jeep and Citroen -- in the country and has three manufacturing facilities in India, including the Hosur powertrain and gearbox plant, also said it is eyeing an over four-fold jump in exports to Rs 10,000 crore next year, in component exports, from Rs 4,000 crore. Hosur facility, along with the one in Bengaluru, churns out up to 3.74 gearboxes and 3 lakh engines per annum is serving as a key pillar Stellantis global business. Prior to the GST 2.0 reforms, there was hardly any growth in car sales, Shailesh Hazela, Managing Director and CEO at Stellantis India, said, adding, "But with GST, the growth percentage will be more than 5 per cent for the auto (industry)." Stating that automobiles' demand went up in the last eight day
Says 3-4 carmakers backed proposed exemption, 14-15 opposed
Since the Indian government reduced GST on small cars on September 22, the small car segment's share in Maruti's overall sales has risen to more than 25 per cent, up from 16.6 per cent earlier in FY26
'Seeing a lot of people with helmets visiting our showrooms'
Passenger car exports are rising with demand in Africa and Latin America, even as domestic sales slow, with Maruti Suzuki and Hyundai leading India's small car shipments
Centre mulls lowering GST on small cars to 18 per cent and slashing levies on health and life insurance
Indian unit of Japan's Suzuki Motor Corp plans to launch a new SUV on Sept 3 and hopes it will double its sales in the segment
The company also said that it was not seeing an immediate impact from China's restrictions on rare earth magnets exports
If you look at the sales numbers of various models, they tell an interesting story
India has the potential to become the number one automotive market in the world and small cars have an important role to play in it, Suzuki Motor Corporation Representative Director and President Toshihiro Suzuki said on Wednesday. In an interaction with reporters on the sidelines of Auto Expo 2023 here, he also said electric vehicles alone will not be the solution to India's quest for carbon neutrality and the company will explore other technologies such as flex fuels, hybrids and CNG. Besides, Suzuki said while safety issues have become important for automobiles, there is a need to strictly follow the basic traffic rules and also developing adequate infrastructure to ensure road safety. "I can see that there can be a time when India would be positioned as number one market (of automobiles) in the world. Maruti Suzuki and Suzuki as a group, we would like to capture this opportunity. We would like to develop technology for providing the right mobility solutions to this market," he .
Maruti Suzuki India expects the small car segment to grow in volume terms despite a decreasing share in the overall domestic passenger vehicles market, according to a senior company official. While affordability is a major concern that has impacted growth of the small-car segment, the company is betting on first-time buyers and more customers from rural as well as suburban areas -- tier II and III towns. "We believe absolute volume (of small cars) will increase but as a percentage of the total volume (of passenger vehicles), which is 38 per cent at the moment, this may show a decrease, but in absolute volume terms, it will increase," Maruti Suzuki India Ltd Senior Executive Director (Marketing & Sales) Shashank Srivastava told PTI. The hatchback market used to fluctuate between 45-46 per cent of the total passenger vehicles market for the last five years and last year it dipped to about 38 per cent and SUVs with 40 per cent of the overall market became the largest selling segment,
New Delhi Television (NDTV) can prevent a takeover by the group if it can buy more shares from public shareholders, corporate lawyers told Business Standard
Maruti Suzuki's Alto is among the most selling cars in the nation as the automaker has sold over 4 million units in India to date
The auto major noted that the regulation would largely impact the cost-sensitive entry-level car segment -- which has been facing headwinds and witnessing dwindling sales over the last three years
Union minister Nitin Gadkari wondered why auto makers are providing eight airbags only in big cars bought by rich people.
India is a market for low-priced cars with low running costs. The global majors don't have models that fit the bill; only Maruti and Hyundai have successful entry-level models, writes T N Ninan
A smaller SUV and a sub-four-metre car are in the works
But SUV makers remain unfazed by down-trading trend