The auto major is also looking at ways, including bolstering its SUV portfolio, in order to get back to 50 per cent market share in the domestic passenger vehicle segment in the years ahead.
The automaker has achieved the figure in less than two and a half years, reiterating its commitment to developing India as an export hub, the automaker said in a statement.
The company had opened the pre-bookings for the new model on January 14 at an initial booking amount of Rs 25,000.
The company has enhanced prices across its models in the range of 0.1 per cent to 4.3 per cent owing to increase in various input costs.
The company, which had last month stated that it has dispatched its electric scooters to all who have purchased in the previous round, will dispatch for the latest purchase during this month and February.
Tesla wants to begin selling imported cars in India this year but says taxes in the country are among the highest in the world.
Interestingly, 13 per cent of the respondents said they intended to buy a used personal car, while 3 per cent were inclined towards the purchase of a used scooter or motorcycle.
Launched in October 2015 and sold through the company’s premium retail chain NEXA, the model had crossed the 5 lakh units cumulative sales in November 2018 and touched the 10 lakh units milestone in November this year, Maruti Suzuki India Ltd (MSIL) said in a statement.
During the period under review, barring three-wheeler and commercial vehicles, all other segments including passenger vehicles, two-wheelers and tractors were down as compared with the same period of last year.
COP26 may have been one of the last chances to head off devastating climate change, and yet, the best and boldest action our leaders could envision for transportation was the universal adoption of electric vehicles (EVs) — with a vague nod to active and public transport.
Accordingly, the latest — 2.0 litre TD — engine derived from the legendary tech which powered most of the known diesel passenger vehicles in India now propels a select but premium range of SUVs.
The vehicle built on the proven and modern Agile Light Flexible Advanced (ALFA) Architecture is available both in ‘Manual (MT) and Automatic’ (AMT) transmission options.
The CarDekho team is currently present in India, Indonesia and Philippines and aims to use the funds to expand internationally. The company’s auto and non-auto products are currently used in more than 30 countries globally.
The Pune-based automaker had sold a total of 2,28,731 vehicles in September last year, according to a Bajaj Auto statement.
The company, which is a joint venture between Japan’s Toyota Motor Company and Kirloskar Group, sells a range of vehicles including Innova Crysta and Fortuner in the domestic market.
Government sources said that they were also looking at including electric bicycles under the capital subsidy scheme seeing its growing popularity and the need to bring down its cost for customers.
The Japanese two-wheeler maker also introduced an updated version of 155 cc bike YZF-R15 with a price starting at Rs 1.67 lakh.
The firm announced in July that its electric scooter had received a record-breaking 100,000 reservations within the first 24 hours, making it the most pre-booked scooter in the world.
The price hike has been necessitated to offset the impact of steadily increasing commodity prices, the company said in a statement.
Introduced in September 2020, Sonet has contributed almost 17 per cent to the segment and 32 per cent to the company’s overall sales.
According to the industry on the 10th, KIA India will expand its lineup starting with the release of ‘Seltos X Line’ in the early of this month. Seltos X Line is the new model that emphasizes its sporty body design.
Despite the uneven spread of monsoon in its strong markets of the north and east parts of the country, the company is confident that it will be able to continue its growth momentum.
At a time when Asian car makers have captured the market in the US, it was nothing but natural for the American automobile companies — General Motors and now Ford — to sputter and stop in India if they get their basics wrong.
The Ciaz is powered by a 1.5-liter petrol engine and is equipped with Suzuki’s ‘Smart Hybrid’ technology that enhances fuel efficiency.
Total domestic sales were at 1,10,080 units, as compared to 1,16,704 units in the same month last year, down 6 per cent, it added.