Pritish Raj

Articles By Pritish Raj

6 Articles

Big discounts driving UV sales: Being sold at a discount of up to Rs 1 lakh

Sales of compact UVs rose around 6% y-o-y in September. While average cash discount on hatchbacks and sedans is around Rs 40,000, many utility vehicles (UVs) are being sold at a discount of up to Rs 1 lakh. bookings for model

Car News

Kia Motors keeps launch of its India-ready electric vehicle on the back burner

The production facility at Anantapur, Andhra Pradesh, which has an annual capacity of 3 lakh units, is also equipped to produce electric vehicles.

Car News

Tractor sales decline 15% in April-September

Tractor sales fell by an estimated over 15% year-on-year (y-o-y) during the first half of 2019-20, impacted by floods in several states, lack of optimum financing and deficient monsoon till July which led to delay in sowing a

Mahindra & Mahindra (M&M), which commands over 40% market share, reported over 11% y-o-y dip in sales while Escorts’ volumes fell 10.4% y-o-y. News

Ford gains little from venture with Mahindra, say experts

According to analysts at Nomura, a production capacity of this size would ideally require a capital expenditure of Rs 5,000-Rs 6,000 crore, which M&M is getting an access to with a minimum investment.

Car News

Mercedes Benz India reports flat profit growth in FY19

The profits of Mercedes Benz, the largest luxury car manufacturer in India by volumes, remained flat despite over Rs 200 crore increase in revenue and about Rs 400 crore decline in other expenses, compared to FY18.

Car News

As festive season kicks in, carmakers line up new models, upgrades

In just about a month after launching an all-new multi-purpose vehicle XL6 in August, Maruti Suzuki has lined up another entry-level car, S Presso, which it claims is a mini-SUV. It’s likely to be placed between Alto and Ce

Car News