Maruti Suzuki’s first premium compact hatchback Baleno has become the second-largest selling vehicle of the company, next only to the Alto, overtaking the Dzire (compact sedan), Swift (hatchback) and the Wagon R in the first seven months of the current fiscal
French carmaker Renault on Monday launched Captur, its third offering in the utility vehicle segment in the domestic market. Going by the performance of the its existing products – Kwid and Duster – Captur has hit the market at the right time to help Renault recover lost volumes.
Sales of Maruti Suzuki’s mid-size sedan Ciaz seem to have come under pressure with 43% tax (28% GST plus 15% cess) getting levied on hybrid cars.
At a time when most automakers in India have moved away from introducing cars with the hybrid technology owing to the significant increase in taxes after the implementation of the goods and services tax, Maruti Suzuki will continue to invest in its homegrown semi-hybrid technology it dubs smart hybrid across its Ciaz (a mid-size sedan) and Ertiga (an MUV) variants.
In FY17 Maruti Suzuki saw sales of its entry-level cars Alto and WagonR decline in nine of the the 12 months.
Net profits posted by DIAL (Delhi International Airport) rose by 16.2% in 2016-17 to Rs 585.96 crore on the back of a sharp increase in other income and lower interest costs.
Retail car sales during the week before Diwali — which account for 25-30% of the total sales for the year — grew by 12-14%, well short of almost the 20% growth reported by the industry during the same period last year.
Volumes of Hero’s HF Deluxe rose 33.65% year-on-year to 931,046 units, while that of its Splendor rose by 5.88% year-on-year to 139,478 units while for Passion, volumes were up 2.11% at 517,381 units.
Almost three months after the roll-out of the goods and services tax (GST), the new car market may have recovered volumes both on the wholesale and retail ends but volumes in the used-car market — especially from organised retailers — have decreased substantially due to the significant rise is taxes.
The third generation Dzire — a compact sedan — launched by Maruti Suzuki in mid-May this year is set become the first car to register 1 lakh units within just five months of hitting the market.
Pay less for flights on Diwali eve. That seems to be the mantra as carriers are substantially lowering the average spot airfare of tickets on Diwali eve.
Despite apprehensions regarding availability of demand in tier III and tier IV cities, the regional connectivity scheme (RCS) seems to have taken off well for SpiceJet, Alliance Air and TruJet — three operators that have started operations under the scheme.
After announcing an investment of Rs 1,150 crore in a new unit in Gujarat to produce lithium-ion batteries — a first by an auto firm — with its partners Toshiba and Denso, Suzuki Motor has stepped up efforts on a global level for manufacturing electric vehicles in partnership with another Japanese firm, Toyota Motor.
In the first five months of the current financial year (April to August), the top two carmakers shored up their market share by nearly 300 basis points to 67.29% from 64.15% in the corresponding period in FY17.
In FY14-17, the success rate of new launches in the two-wheeler segment stands at one out of 26 models, while in the passenger vehicle segment, it is a dismal eight out of 35 new launches.
WagonR has become a popular product in the commercial channels. According to Maruti Suzuki, sales to cab aggregators comprise only 5% of the total sales of the vehicle.
All the uncertainties and disruptions starting with demonetisation, BS 3 to BS 4 transition and GST implementation, which were there for the past eight to nine months, are over now.
The company’s market share in the overall passenger vehicle segment (which includes cars and utility vehicles or UVs) has crossed 50% during the period, which is an increase of 400 basis points.
Distressed profitability amid adverse cost structure (CASK ex-fuel at 60% higher than Indigo) renders balance sheet vulnerable,” the Edeweiss report said.
Dealers say the prices of mid-sized cars and SUVs are slightly lower than in the pre-GST period and consequently demand could be robust.
Maruti Suzuki expects to better its FY17 performance further in the current fiscal by selling more than 300,000 units from Nexa, thus upping the premium showroom’s total share in the company’s overall sales volume to 20%.
Jet Airways — the country’s largest full-service carrier — may have reported a substantial jump in net profit during the first quarter of the current fiscal, but the continuous decline in revenues from the international segment is a cause of concern for the airline and will impact the carrier’s profitability down the line.
With a trendy blue signature design element, the country’s largest carmaker Maruti Suzuki is all set to roll out its Arena brand of showrooms for mass-market offerings, thereby aligning itself with changing customer preferences.
In India, the talk of moving towards electric vehicles may have suddenly gained currency but globally, innovation and environmental awareness has been gradually paving the way for such a transition with governments prodding the industry to develop and manufacture only electric vehicles (EVs).
Consumers looking forward to brand new launches by auto companies in the upcoming festival season may be a little disappointed this time.
Top executives of the country’s leading automobile companies on Thursday reiterated their commitment to move towards newer technologies like electric vehicles, cleaner fuel, greater investments in research and development, but urged the government to first create a stable policy regime that lays down a definite roadmap which is insulated from frequent changes. In short, they […]
The inter-ministerial group that is to decide on the contours of Air India’s divestment is evaluating all options and is still in the process of receiving suggestions, Union civil aviation minister Ashok Gajapathi Raju told FE in an interview.