A large section of customers still prefer hatchbacks despite sales growth of SUVs and Maruti Suzuki India feels the need to keep the small car segment 'energised' with new products, company MD & CEO Hisashi Takeuchi said on Thursday. The company, which on Thursday launched the all-new version of its small car Alto K10 with a price range of Rs 3.99- 5.83 lakh (ex-showroom), will continue to focus on all segments, including the entry-segment, even as it brings more technology and feature-packed products. "India is a vast country with a diverse demography. Just like cuisine and culture, customer requirements and preferences also change from place to place... While SUVs have definitely gained popularity in recent times, a large section of customers still prefer hatchbacks," Takeuchi said. He further said in last fiscal year, the Indian passenger vehicle industry sold over 11.5 lakh hatchbacks. "Out of that we have over 68 per cent market share. As a market leader, we need to keep the
Hyundai Motor India expects semiconductor shortage issue to improve next year and emergence of a clear picture on the competitive scenario as it faces production constraints at present, according to a senior company official. The second largest passenger vehicle maker in the domestic market by volume has been facing stiff competition from homegrown manufacturers Tata Motors and Mahindra & Mahindra, which are riding high on their new SUV models. Besides, Maruti Suzuki India has also revved up its SUV plans with the launch of new Brezza and Grand Vitara. Leading up to the festive season, HMIL, the maker of popular SUVs, Creta and Venue is sitting on a backlog of 1.3 lakh pending orders. "2022 is driven more by the chip issue, so the real situation of demand will only emerge once we are able to produce with no constraints of semiconductor supplies and that is sometime away," Hyundai Motor India Director (Sales, Marketing and Service) Tarun Garg told PTI in an interaction. He was ...
Automaker Kia said on Friday that its second-quarter net profit jumped 40 per cent from a year earlier on an improved product mix and a weak won
Mahindra will open bookings on July 30 and the prices are applicable only for the first 25,000 buyers
The craze for SUVs at present is such that the waiting periods for some of the most popular models are stretching to over two years, and fresh orders are still flowing in
SUV maker plans to stay aggressive in cranking out new models
The Hyryder comes with two powertrains -- Neo Drive and Self-charging Strong Hybrid Electric powertrain
Favourable agri macros, improving SUV demand, and easing commodity prices augur well for automaker
The second-generation Maruti Suzuki Brezza 2022 will be available in manual and automatic transmission options, priced between Rs 7.99 lakh and Rs 13.96 lakh
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From 18% in 2016 to 48% in 2022, the rise of SUVs in India has been phenomenal. So why have SUVs become the preferred choice for the aspirational Indian? Where is India's SUV market headed from here?
Company expects car will impress buyers considering premium offers like Toyota Fortuner, Jeep Meridian and MG Gloster
The local arm of Hyundai Motor has benefitted after some leading manufacturers pulled the plug on diesel models amid tightening regulations
Ford is asking the owners of 350,000 vehicles in to take them to dealers for repairs in three recalls, including about 39,000 that should be parked outdoors because the engines can catch fire. Ford says in US government documents posted on Thursday that it doesn't know what's causing fires in some 2021 Ford Expedition and Lincoln Navigator SUVs. But the company says fires can happen even while the engines are off. Ford has reports of 16 fires under the hood, 14 in rental company vehicles. One person was burned. It's recommending that the SUVs be parked outdoors and away from buildings. So far it hasn't developed a repair for the fires, which appear to start at the back of the engine compartment on the passenger side. Of the 16 fires, 12 happened while the SUV engines were turned off, Ford said in a prepared statement. The company says it has no reports of fires extending to any buildings. Ford says it's not instructing owners to stop driving the SUVs, although those who might not b
Maruti Suzuki India (MSI) will keep consolidating its existing product line-up while bolstering presence in the fast growing SUV segment
Last year the automaker had confirmed that it was in the process of developing an India specific SUV
General Motors is recalling nearly 682,000 compact SUVs because the windshield wipers can fail.
BMW is recalling more than 917,000 older cars and SUVs in the US most for a third time to fix a problem that can cause engine compartment fires.
With prices starting from Rs 899,000, Kia launches the Carens