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. […]
Three weeks after warning that it will be forced to increase the prices of its automobiles, Mahindra & Mahindra today said it has implemented a 1.9% increase in the prices of its passenger and commercial vehicles. This will result in an increase of around Rs 4,000 — for the cheapest vehicle — to Rs 40,000 […]
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 […]
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 […]
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 […]
Mid-range models like XUV300, Thar and Bolero proved to be the wind behind sails of Mahindra & Mahindra’s 27% sales growth in November, according to the numbers released by the company today. On the other hand, sales of both entry-level as well as higher priced models, such as KUV100 and XUV500, proved to be a […]
Maruti Suzuki India today said it had decided not to use Toyota Kirloskar’s factory in India to manufacture Vitara Brezza, also sold as Toyota Urban Cruiser in India. An agreement was announced in March last year in which the two companies announced that Maruti Suzuki will supply Baleno to Toyota in India. At the same […]
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% […]
Mahindra & Mahindra, the second-biggest Indian auto brand, is hoping that the valuable lessons that it has learnt from a series of less-than-spectacular product launches — reflected in the design and success of the new Thar 2020 — will be a harbinger of better luck in store for the company in 2021. Over the last […]
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, 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 & 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 […]
Suzuki Motor Gujarat Pvt Ltd, the India-based auto-manufacturing arm of Japan’s Suzuki Motor Corp, has completed the construction of its third and final assembling unit to achieve its full production capacity of 750,000 vehicles per year, sister concern Maruti Suzuki said today. Unlike Maruti Suzuki, Suzuki Motor Gujarat Pvt Ltd is 100% owned by the […]
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 […]
Indian SUV maker Mahindra & Mahindra seems to be finally shaking off its long-drawn legal troubles in the US over its flagship model, Roxor, looking too much like the old Jeep models. The company had carried over an extreme redesign of the Roxor this year, and while that may have irked the fans of the […]
Automaker Mahindra & Mahindra said it has crossed 15,000 bookings for the 2020 version of its Thar SUV in the first 17 days days of sales and that the company is planning to expand the production capacity for the model. The company had, two weeks ago, announced that it had crossed the 9000 mark within […]
Home-grown automaker Mahindra & Mahindra has notched up 9,000 bookings in the first four days of launching the 2020 Thar SUV, marking a strong start for a crucial model for the company. It said this was achieved despite test drive and demo vehicles being present only in 18 cities. The Mumbai-based company said buyers have […]
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 […]
In a move that has the potential to radically alter the way cars are purchased in India, Maruti Suzuki today unveiled a new ‘subscription’ model of car sales that starts at just Rs 14,463 per month, including all maintenance, taxes, registration charges and insurance. For Rs 14,463, Maruti Suzuki will offer the customer a brand […]
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 […]
