Eight years later, Maruti Suzuki Eeco cross 5 lakh sales

Eight years later, Maruti Suzuki Eeco cross 5 lakh sales

2018-10-03T11:59:11+00:00 On

Maruti Suzuki Eeco, India’s largest selling affordable utility vehicle, has crossed the 5 lakh sales milestone, nearly eight years after it was introduced. The ‘van’ was brought in as a bigger, safer and stronger alternative to the relatively successful Omni. However, Eeco…

Fitch Ratings changes JLR’s outlook to ‘negative’ from ‘stable’

Fitch Ratings changes JLR’s outlook to ‘negative’ from ‘stable’

2018-09-14T10:32:56+00:00 On

Fitch Ratings has revised Jaguar Land Rover Automotive plc’s outlook to ‘negative’ from ‘stable’, indicating a higher risk of a downgrade in its credit rating in the future. The move comes in the wake of higher investments by the company into research…

JLR sales in China continue to be down, August retail falls 5% overall

JLR sales in China continue to be down, August retail falls 5% overall

2018-09-07T17:24:31+00:00 On

Jaguar Land Rover today reported total retail sales of 36,629 vehicles in August 2018, down 4.9% year on year, hit by a 38% fall in sales in China due to ongoing tariff war between the US and China. However, Chinese retail sales…

Mahindra Marazzo comes with aggressive pricing of Rs 9.99 lakh

Mahindra Marazzo comes with aggressive pricing of Rs 9.99 lakh

2018-09-03T13:48:48+00:00 On

Mahindra & Mahindra has unveiled its next SUV, the Marazzo, at a price that is considerably below what the market was expecting. While the ‘shark-inspired’ UV was supposed to be priced in the same range as the XUV500, the actual starting price…

Maruti Suzuki employees contribute Rs 1.5 cr to Kerala Flood relief

Maruti Suzuki employees contribute Rs 1.5 cr to Kerala Flood relief

2018-08-21T14:14:53+00:00 On

Maruti Suzuki, India’s biggest carmaker, said it will contribute Rs 3.5 cr, including employee contributions, to the Prime Minister’s National Relief Fund in the context of floods in Kerala. “With regard to the recent floods and colossal damages in Kerala, Maruti Suzuki…

Mahindra SUV sales continue decline in July, Marazzo launch next mont

Mahindra SUV sales continue decline in July, Marazzo launch next mont

2018-08-01T12:46:11+00:00 On

Mahindra & Mahindra’s passenger vehicle sales continued to be impacted by the success of Vitara Brezza and other SUV models from its biggest rival Maruti Suzuki. For the July quarter, total utility vehicle sales at Mahindra & Mahindra fell by 7% compared…

Maruti Suzuki recalls Swift, Dzire cars made between May & July

Maruti Suzuki recalls Swift, Dzire cars made between May & July

2018-07-25T10:37:39+00:00 On

Maruti Suzuki, India’s largest carmaker, said it will recall 1,279 units of new Swift and new Dzire cars to check for a defect in the airbag system. These vehicles were manufactured between 7th May 2018 and 5th July 2018, the company added. The…

Mahindra launches XUV500 2018 with more power, price Rs 12.3 lakh

Mahindra launches XUV500 2018 with more power, price Rs 12.3 lakh

2018-04-18T12:38:14+00:00 On

Mahindra & Mahindra Ltd launched the 2018 version of its high-end utility vehicle, the XUV500, with improved interiors and an engine that is about 10% more powerful than the outgoing variant. The XUV500 2018 comes with an mHawk engine that delivers 155…

Maruti Suzuki overtakes Mahindra to become India’s No.1 SUV maker

Maruti Suzuki overtakes Mahindra to become India’s No.1 SUV maker

2018-04-18T11:40:05+00:00 On

Maruti Suzuki India said it has become the No.1 utility vehicle brand in India, overtaking long-time incumbent Mahindra & Mahindra in the financial year ended March 2018. The company said it had a 27.5% market share in the UV/SUV space in the…

M&M sets up electric ‘hypercar’ unit in Europe under Italian brand

M&M sets up electric ‘hypercar’ unit in Europe under Italian brand

2018-04-13T17:10:25+00:00 On

Mahindra & Mahindra, India’s largest SUV maker, said it will launch a high-end electric car brand in Europe, with the first model out in 2020. The company will leverage the design talent of Pininfarina, an Italian design car designer it purchased three…

JSW Energy appoints GM executive to head its electric vehicle unit

JSW Energy appoints GM executive to head its electric vehicle unit

2018-03-23T16:44:53+00:00 On

Power generation company JSW Energy Ltd said it has appointed auto industry veteran Sergio Luiz Pegoraro Rocha of Brazil to head its upcoming electric vehicle unit. In his previous stint, he was President, CEO and Chairman of GM Korea (General Motors, Korea),…

Mahindra & Ford to co-develop SUVs,  small electric vehicle

Mahindra & Ford to co-develop SUVs, small electric vehicle

2018-03-22T19:50:57+00:00 On

Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small electric vehicle as part of several initiatives announced today between the two companies. The two companies signed five new memoranda of understanding (MoU) that they said will further…

Mahindra to invest Rs 500 cr into electric vehicle development

Mahindra to invest Rs 500 cr into electric vehicle development

2018-02-19T18:52:53+00:00 On

Automaker Mahindra & Mahindra said it will invest Rs 500 cr at its Chakan plant in Maharashtra for product development and capacity enhancement in its electric vehicle operations. The investment is in addition to the Rs 6,500 cr expansion program that is…