Prime Minister Narendra Modi has praised the growth of the country’s automobile industry. He said that the contribution of mobility sector will be important to achieve the goal of ‘Developed India’. Modi said, “About 12 crore vehicles were sold in the country till 10 years ago. In the subsequent period, more than 21 crore vehicles…
TVS Motor, one of the big two-wheeler companies, saw its January sales increase by 23 percent to 3,39,513 units. In the same period last year, the company had sold 2,75,115 units. Sales of its electric scooter iQube have increased by about 34 percent to 12,169 units. The company’s total sales of two-wheelers stood at 3,29,937…
This year has started well for most automobile companies. Sales of Honda Cars have increased by more than 10 percent in January to 8,681 units. The exports of this Japanese automobile company have also increased. It exported 4,531 units in January. The SUV Elevate, launched last year, has a major contribution in the company’s growth….
This year has started well for the country’s automobile companies. Most of these companies have registered growth in January compared to the same period last year. Nearly four lakh cars were sold in January. Sales of Maruti Suzuki, one of the big car makers, increased by about 15.5 percent to 1,99,364 units. The company had…
Honda Motorcycle and Scooter (HMSI), one of the largest two-wheeler companies, saw its sales increase by 38 percent to 4,19,395 units in January. This includes sales of 3,82,512 units in the country and export of 36,883 units. The company’s exports have increased by 102 percent compared to the same period last year. The company has…
Honda Cars, one of the big automobile companies, has offered discounts and benefits on some of its cars in February. This offer is available on the company’s flagship sedans City and Amaze till the end of this month. The discount is not available on the Elevate SUV launched last year. a media Report According to…
A discount of up to Rs 50,000 is being given on select cars of South Korean automobile company Hyundai Motor. These include Alcazar, Grand i10 Nios CNG, Verna and Tucson. There is no discount on the company’s Exter compact SUV, Creta and electric vehicle Ioniq 5. a media Report According to , the diesel variant…
Hero MotoCorp, one of the big two-wheeler companies, has performed well in the third quarter of the current financial year. Its sales increased by 21 percent on year-on-year basis to about 14.6 lakh units. There has been a growth of 51 percent in the company’s revenue and it is Rs 9,724 crore. Sales of the…
The demand for SUVs has increased rapidly in the automobile market in the last few years. Nissan’s Magnite SUV has crossed one lakh units sold in India. It was launched about four years ago. Its starting price is Rs 4.99 lakh (ex-showroom). Magnite, a compact SUV measuring less than four metres, competes with Maruti Suzuki’s…
Mahindra and Mahindra, one of the largest automobile companies, has retained its position as the largest SUV maker in the third quarter of the current financial year. The company’s SUV sales have increased by more than 30 percent. Its Scorpio-N and Scorpio Classic are getting good response. The company’s profit has increased by more than…
