During February alone, the share of SUVs in sales was around 51.5 per cent. Rural growth cumulatively in 2023-24 was 11.7 per cent against urban growth of 8 per cent
Plans four EVs for India over next few years
Top 5 SUVs sold in January 2024: Tata Punch sold the highest number of SUVs in India in January 2024. The company sold around 17,978 units last month
Tyre maker CEAT Ltd is looking to cash in on the growth of passenger vehicles sales in India, which will boost demand in the replacement market going forward, according to the company Managing Director & CEO Arnab Banerjee. The company is also gearing up to enter the passenger vehicles (PV) and truck and bus radial (TBR) tyre market in the US in the first quarter of the next fiscal, with an eye on making its international business one of the growth engines. "Four million cars means immediate translation into replacement demand in the next two to three years. So it is a very good trajectory. The Original Equipment Manufacturer (OEM) trajectory is boding very well for the replacement market," Banerjee told PTI. He was responding to a query on the impact of the growth of PV sales in India on tyre makers. In 2023, PV sales in India touched a record high at 41.08 lakh units, growing by 8.3 per cent over the previous year driven by SUVs, which accounted for almost half of the total ...
Ford is recalling nearly 1.9 million Explorer SUVs in the US because a trim piece can fly off and create a hazard for other drivers. The recall covers Explorers from the 2011 through 2019 model years. Documents posted Wednesday by the US National Highway Traffic Safety Administration say that clips holding the trim that covers the roof supports close to the windshield can come loose. If that happens, the trim piece can fly off and increase the risk of a crash. The recall comes after US regulators opened an investigation into the problem last January after receiving 164 consumer complaints. Canadian regulators also inquired about the problem. Documents say that at first Ford decided against a recall, citing the low mass of the part. But the company decided to do the recall after US regulators determined the problem was a safety hazard. Ford said in a statement Wednesday that it expects only 5% of the recalled Explorers to be affected by the problem. It encourages owners to contact
He said that the Indian PV industry expected volume sales growth of 3.5 to 5 per cent in 2023 but eventually it went up to 8.2 %. Hyundai's domestic sales increased by 9 % in 2023 to 602,111 units
The MG Astor 2024 boasts to be the most advanced SUV, with in-built personal AI assistant
Renault is planning to launch a total of five cars -- including B plus segment sport utility vehicle (SUV), a C segment SUV and an electric vehicle (EV) -- in India in the next three years
In 2021, only 14.8 per cent of the cars sold in India were black. That increased to 15.5 per cent in 2022 and further to 19.5 per cent in 2023
Interest rate hikes, high base of 2023 may result in muted volume growth in 2024
Passenger vehicle sales in India touched a record high of 41.08 lakh units in 2023, growing by 8.3 per cent over the previous year driven by SUVs, which accounted for almost half of the total dispatches from manufacturers to dealers. The record sales have been achieved despite an increase in the average price of vehicles to Rs 11.5 lakh last year as compared to Rs 10.58 lakh in 2022. Market leader Maruti Suzuki, Hyundai Motor India, Tata Motors and Toyota Kirloskar Motor reported their best-ever annual sales in 2023. "If you look at January to December 2023, wholesales crossed 41.08 lakh. This is the first time the industry has ever crossed the 4 million mark. That, I think is a huge milestone in the history of the Indian passenger vehicles (PV) industry," Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Shashank Srivastava told reporters in a call. He further said, "This is against wholesales of 37.92 lakh units for the calendar year 2022. Therefore, there is a .
Honda Cars India on Saturday said its mid-sized Sports Utility Vehicle Elevate has crossed 20,000 sales mark since its launch in the domestic market in September this year. The new model accounted for over 50 per cent of total company sales in the last three months and has helped the company grow its sales by 11 per cent in the September-November period as compared with the same period last year, the automaker said in a statement. "We have maximised the production of the Elevate to serve our waiting customers as early as possible and adjusted the variant mix to align with the market demand which is overwhelmingly high for CVT variants currently," Honda Cars India Director (Marketing and Sales) Yuichi Murata said. India is the first country to manufacture and sell the Elevate globally. Honda also aims to make India an important export hub for the new model to other parts of the world, catering to the robust demand for SUVs globally.
The new engine will come with the option of a seven-speed DCT or a manual gearbox and returns 160hp
The automobile industry's relentless push to sell larger and heavier SUVs a major road safety as well as environmental challenge and the government should discourage sale of these big vehicles, a top official of the Global New Car Assessment Programme (Global NCAP) said on Tuesday. Speaking at an event organized by the Institute of Road Traffic Education (IRTE), Global NCAP executive president David Ward said the Indian government has taken maximum steps for increasing road safety in the past few years including development of Bharat NCAP with partnership with GNCAP. "The car industry's relentless push to sell ever larger and heavier SUVs is bad news for road safety, but particularly for those driving smaller, more (fuel) efficient vehicles, and vulnerable road users," he said. According to Ward, the risk of fatal injuries to vulnerable road users increases as the bonnet height of the vehicle hitting them increases. "Increasing growth and demand for SUVs in India and other countrie
Driven by consumer demand, automobile companies sold 1.14 million vehicles, averaging nearly 13,000 units daily
Hyundai Motor India Ltd is on track to achieving 60 per cent of its total domestic sales from SUVs this year with models like Creta and the newly launched Exter accelerating the growth, according to company COO Tarun Garg. With exports accelerating in the last three months, the company is also confident of sustaining its overseas shipments momentum despite concerns over global geopolitical situation. "We will end up with more than 60 per cent at the end of the year which is what we said at the beginning of the year...We are now almost reaching there," Garg told PTI. He was responding to a query on how much would SUVs contribute to the company's overall sales considering the traction its models have witnessed in the market. He further said,"For us the good thing has been that SUV contribution has moved to 63 per cent in October and year-to-date at 59 per cent as against industry SUV percentage of 48 per cent. So that has really helped us to outperform the industry in terms of Januar
GT refers to 'gran tourismo' or grand touring which refers to a vehicle that can deliver high performance for long-distance travels
The company sold 5,52,055 vehicles during the quarter as compared to 5,17,395 units in the second quarter of last year
The new Duster will likely be launched in the Indian market by 2025. Along with the 5-seater Duster, Renault is planning to launch a 7-seater version of the car which will be called "Bigster"
Between Shraadh and Navratri this year, the total car sales were around 330,000 units, 16% higher than 283,000 last year