Hero MotoCorp reshuffles distribution in Nicaragua, Honduras

Hero MotoCorp, the world’s largest two-wheeler manufacturer, announced new expansion plans for the Central American markets of Nicaragua and Honduras after appointing new distributors there. It said it has ‘aggressive expansion plans’ for the two countries, and plans to launch its range of premium motorcycles in both countries and expand its network in these markets. […]

Auto sales limp back to normal in December 2020

Consumer-focused automakers, such as Maruti Suzuki and Hero MotoCorp, fared better than commercial vehicle makers, going by auto sales trends in December 2020. Maruti Suzuki, which accounts for around half the cars sold in India, was among the best performers, with a 20% jump in sales compared to December last year. The company sold 1.60 […]

Tata Motors to increase CV prices from January

Following automakers like Honda, Mahindra & Mahindra, Bajaj Auto, Maruti Suzuki, Kia Motors, MG Motor and Renaut, Tata Motors too has announced a decision to increase vehicle prices from next month. However, unlike most others, Tata Motors will increase prices for commercial vehicles only, while leaving passenger vehicles alone for now. Around half of the […]

STEEL PRICES: Mahindra increases tractor prices, autos next?

Mahindra & Mahindra, one of India’s largest makers of tractors, said it plans to increase the prices of its tractors from January 1 to offset increasing commodity prices. “Details of the price increase across different models will be communicated in due course,” it said. The move comes in the wake of record sales of tractors […]

NOVEMBER AUTO SALES: M&M sees uptick, tractor sales zoom

Mahindra & Mahindra reported its strongest growth yet in the COVID-19 era after sales in November surpassed expectations, with strong numbers coming in from the tractor department. The company reported a whopping 55% jump in tractor sales for November, compared to just 2% in October. Similarly, sales of utility vehicles such as XUV500 jumped 27% […]

Maruti launches car rental in Mumbai, Chennai & Gujarat

After launching car subscription services in Delhi-NCR, Bangalore, Hyderabad, and Pune, India’s largest carmaker has brought the service to Mumbai, Navi Mumbai, Thane, Chennai, Ahmedabad and Gandhinagar. The service will cost around Rs 14,690 per month in Gujarat for a Swift LXi for a four-year contract, excluding GST. In Chennai, it will cost Rs 15,196 […]

Ashok Leyland introduces VRS 2020 scheme

Ashok Leyland, which had introduced a voluntary retirement scheme and an employee separation scheme for its executives in August last year, has approved yet another VRS scheme this year. In a notification, the company said its directors “approved the introduction of Voluntary Retirement Scheme (“VRS”) for all eligible employees” of the company. The approval, it […]

Mahindra to launch 37 new light-weight tractors with Mitsubishi

Mahindra & Mahindra, one of India’s largest automobile and tractor makers, announced the production plans for a new series of advanced tractors being made with the help of its joint venture with the Mitsubishi Group of Japan. While the collaboration was announced earlier, it today unveiled further details about the production roadmap, as well as […]

Hero to develop Harley Davidson bikes for India

Hero MotoCorp said it has signed an agreement to co-develop and sell “a range of premium motorcycles” with iconic US motorcycle maker Harley Davidson. The announcement comes a month after Harley Davidson decided to exit the Indian market due to poor sales. The company had been selling over 10,000 units per year during the peak […]

SEPTEMBER AUTO SALES: Car demand drives Maruti Suzuki, M&M tepid

Maruti Suzuki India reported a whopping 31% jump in its September auto sales, while Mahindra & Mahindra reported a more modest increase of around 5% in its passenger vehicles. The commercial vehicles division continued to struggle with low demand. M&M Unlike Maruti Suzuki, which benefited from higher sales of its smaller cars, Mahindra & Mahindra’s […]

AUGUST AUTO SALES: Maruti Suzuki, Escorts reports strong numbers

Maruti Suzuki and Escorts have reported strong auto sales numbers for August 2020. While Escorts report an all-time high for its monthly tractor sales, Maruti Suzuki reported a 21.3% year-on-year jump in passenger vehicle sales, possibly indicating a move by consumers away from public transport. The company sold 1.13 lakh passenger vehicles, up from 93,174 […]