The latest data from the Society of Indian Automobile Manufacturers (SIAM) reveals a significant 21% decline in automobile shipments from India last year, attributing the drop to monetary and geopolitical crises faced by overseas markets. The overall automotive exports dwindled to 42,85,809 units in 2023 from 52,04,966 units in the preceding year. Keep Reading
In a groundbreaking announcement today, Mahindra & Mahindra, renowned as the country’s premier SUV manufacturer, introduced the much-anticipated 2024 Mahindra XUV700. Priced attractively at Rs 13.99 lakh (ex-showroom), the latest edition showcases significant exterior and interior updates, accompanied by an all-new Napoli Black color variant. Keep Reading
In a major strategic move, Maruti Suzuki, the leading Indian automotive manufacturer, has announced a staggering investment of ₹382 billion ($4.6 billion). Further, to expand its manufacturing capabilities in the western state of Gujarat. The revelation came during the Vibrant Gujarat Summit. Especially, where Toshihiro Suzuki, the global CEO of Suzuki Motor Corp, outlined the ambitious growth plans. Keep Reading
In a groundbreaking move towards achieving net-zero emissions, Kawasaki has officially presented a tangible prototype of its hydrogen-powered sports bike the “Kawasaki HYSE”. While the company had previously teased the concept through drawings over the past few years. The real machine made its debut at the latest Group Vision 2030 Progress Report Meeting. Keep Reading
Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Tata Motors, India’s renowned automobile giant. Further, proudly announces the initiation of passenger vehicle production at its cutting-edge factory in Sanand, Gujarat. This milestone event was marked by the unveiling of the inaugural Tata-branded car from the facility. Further, attended by TPEM Managing Director, Shailesh Chandra, and leaders from the Passenger and Electric Vehicles businesses. Keep Reading
In a recent announcement, MG Motor India has introduced the latest version of its popular model, the 2024 MG Astor. Costing ₹9.98 lakh, the new Astor is available in five variants – Sprint, Shine, Select, Sharp Pro, and Savvy Pro. The vehicle maintains its distinctive design both inside and outside, while retaining its unchanged mechanical specifications. Keep Reading
Porsche AG, the iconic sports car manufacturer, has reported a triumphant fiscal year in 2023, demonstrating robust growth and a three percent increase in deliveries compared to the previous year. The company successfully handed over an impressive total of 320,221 vehicles to customers, a testament to the enduring allure of the Porsche brand, even amid global economic uncertainty. Keep Reading
Beneath the sleek exteriors and high-performance engines of the automotive industry lies a strategic cycle, steering from October to September. This cycle aligns with the production and shipment of upcoming models, setting the stage for year-end and financial year-end discounts, particularly in the month of March. Let’s delve into the intricacies of this industry cycle and unveil the driving forces behind maximum discounts during the JFM quarter. Keep Reading
As the automotive landscape undergoes a seismic shift towards electrification, Audi stands at the forefront, celebrating a monumental year of achievement. In 2023, the Audi delivered an impressive 1.9 million cars worldwide, with a significant milestone being the delivery of over 178,000 fully electric vehicles—a remarkable 51 percent increase in sales from the previous year. Keep Reading
In a remarkable display of success, BMW Group India has set a new record for annual sales in 2023. Especially, encompassing all three of its prestigious brands – BMW, MINI, and BMW Motorrad. The automotive giant delivered an unprecedented total of 14,172 cars (BMW and MINI) and 8,768 motorcycles (BMW Motorrad) from January to December. BMW, with 13,303 units sold, and MINI, with 869 units sold, contributed significantly to this achievement. Keep Reading
