Indian automakers are stocking up inventory big time in the hope of a revival of demand during the upcoming festival season, and any failure in demand pick-up will leave them saddled with excess production for the rest of the calendar year, going by channel checks. The festival months of October and November are the biggest […]
India’s largest carmaker Maruti Suzuki reported a 14% increase in net sales for the third quarter, but net profit increased by only 3% due to a rise in tax expenses and investment losses. Operating profit rose 22% on year. Higher “tax rates and lower non-operating income due to mark-to-market impact on the invested surplus” were […]
Mahindra & Mahindra said it launched its “eSupro” electric vans. There will be two models — cargo and passenger. The cargo vans are priced at Rs 8.45 lacs while the passenger variant is priced at Rs 8.75 (both Delhi ex-showroom price). The eSupro platform will cater primarily to the B2B segment and would be available […]
Maruti Suzuki,the country’s leading passenger vehicle maker, said its premium hatchback Baleno had crossed domestic sale of one lakh units. In addition to the domestic sales, 33,800 units of the car were exported across the world including countries like Japan and Europe, said the company. Baleno is also the first car to be exportd to […]
BMW experience tour will be held in Union Territory of Daman on the 6th and 7th of this month. The venue will be Hotel Miramar Lawn Grounds in Devka Beach Road , added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and offerings, the company said. Various models from […]
Hero MotoCorp Limited, the world’s largest two-wheeler manufacturer, said it clocked the highest ever two-wheelers sales in a single month as sales grew by 11% to 6.74 lakh units in September from 6.06 units last year. With this, Hero MotoCorp has sold 35.6 lakh units of two-wheelers between April to September this year, its highest […]
Maruti Suzuki India, the country’s leading passenger vehicle maker, said it has attained cumulative exports of 15 lakh (1.5 Million) from its vehicle exports to over 100 countries including Europe, Latin America and Africa. Early this year the Company’s premium hatchback Baleno manufactured exclusively in India became the first car to be exported from India […]
BMW experience tour will be held this weekend in Kancheepuram district of Tamil Nadu from 23rd to 25th of this month. The venue will be Madras Motor Race Tack on NH4 in Mevalurkuppam, added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and offerings, the company said. Various models […]
Jaguar Land Rover India launched the new Jaguar XF sedan in five variants starting from ₹ 49.50 lakh (ex-Delhi) in Mumbai. The new Jaguar XF is powered by the new Ingenium 2.0 l 4-cylinder turbocharged diesel engine that delivers a power output of 132 kWand is upto 20 kg lighter than equivalent previous generation engines. […]
TVS Motor Company, one of India’s leading two wheeler manufacturers, launched new colour variants for its two brands of motorcycles TVS StaR City+ and TVS Sport in Bangalore today. The new colour variants TVS StaR City+ in Spotlight White colour & TVS Sport in Black Silver colour have been launched to mark the approaching festive […]
BMW experience tour will be held this weekend in Aurangabad district of Maharashtra on the 10th and 11th of this month. The venue will be Hotel Manor Kranti Chowk which is opposite Rani Lakshmi Bai Park, added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and offerings, the company […]
Hero MotoCorp (HMCL), one of the largest two wheeler manufacturer, reported two-wheeler sales growth of 28% for the month of August as compared to the same period previous year. The sales in month of August wasto 6,16,424 units compared with 4,80,537 units, said the company. This is the third time that the company has crossed […]
Maruti Suzuki, India’s largest passenger vehicle maker, launched its first Light Commercial Vehicle “Super Carry” at a price of Rs 4.03 lakhs in Ahmedabad. Maruti Suzuki Super Carry has a 793 cc diesel engine and delivers a mileage of 22.07 Km per litre and comes with a loading capacity of 740 kgs and a loading […]
Escorts, one of India’s agri-machinery manufacturing company, reported a growth of 55% in its tractor sales to 3,722 units for the month of August, said the company. Exports grew by 17% to 55 units for the August month whereas the domestic market saw a growth of 55.7% to 3,667 units, added the company. The tractor […]
Eicher Motors reported growth of 32% to 55,721 units from 41,360 units sales for its Royal Enfield motorcycles for the month of August. The below 350cc models saw an increase of 30% in sales whereas the above 350cc models saw the highest growth of 43%. Royal Enfield’s exports grew by 30% to 986 from 760 […]
Maruti Suzuki India Ltd reported a big jump of 12.2% in its August sales this year led by the strong performance in the domestic market. Totoal domestic market sales were up 12.3% to 1.2 lakhs, its strongest performance so far this year. Exports also grew briskly rising 10.8% to 12,280 units. The stars of the […]
In a survey conducted by Chartered Institute of Management Accountants (CIMA), 29% finance professionals fear job loss due to increase in automation, while 64% finance professionals encourage increasing automation in India. On the impact of artificial intelligence on strategic decision-making only 13% of experts in India conceded that reliance on automation or technology has led […]
Maruti Suzuki, one of India’s leading automobile manufacturers, launched the Swift Deca a limited edition model of its hatchback model Swift at a starting pirce of Rs 5.94 lakhs in India. The model comes in two variants Swift Deca Edition VXi and Swift Deca Edition VDi adn comes in two colours- bright red and pearl […]
Rane Holdings reported a 17.2 % growth in profit for the April-June quarter compared to the previous year. The company said the growth across the automotive segments in the commercial vehicles, passenger vehicles and two wheelers contributed the increase in profit. It also benefited by higher volumes in the supply of components to new vehicle models introduced […]
